Copyright 2026, Agathon Associates, Consultants in Textiles and Trade, Blog by David Trumbull
Wednesday, August 7, 2013
Reminder: The ITC Wants to Hear from You Regarding Barriers to Doing Business in Europe
FTC Approves Final Orders Settling Charges Against Retailers Accused of Marketing Real Fur Products as Fake Fur
United States Trade Representative Michael Froman to Travel to Tokyo, Japan and Bandar Seri Begawan, Brunei
Ambassador Froman’s schedule in Brunei will include a meeting with the ASEAN Ministers under the ASEAN-U.S. Trade and Investment Framework Arrangement, an informal meeting of the East Asia Summit Economic Ministers, and the ASEAN-U.S. Business Summit.
In addition to discussing the TPP and parallel bilateral negotiations in Japan, Ambassador Froman will also meet with TPP ministers in Brunei on August 22-23, as negotiators gather for the TPP talks. Ministers will discuss key outstanding issues and chart a course for the expeditious conclusion of a TPP agreement. TPP Leaders have directed trade ministers and negotiators to seek to complete an agreement this year.
Tuesday, August 6, 2013
Reminder, Comments on Carbon Fiber FTZ Application are Due Monday, August 12th
Production under FTZ procedures could exempt Toray from customs duty payments on the foreign materials used in export production. The company anticipates that some 15 to 20 percent of the plant's carbon fiber shipments will be exported, and some 5 to 10 percent of its PAN fiber production will be exported. On its domestic sales, Toray would be able to choose the duty rates during customs entry procedures that apply to its finished carbon fiber (duty free) for the foreign inputs noted below. (The PAN fiber produced at the plant has higher duty rates than any of its foreign-sourced components.) Toray would also be exempt from duty payments on any foreign-origin materials that become scrap or waste during production. Customs duties also could possibly be deferred or reduced on foreign status production equipment.
Public comment is invited from interested parties. Submissions shall be addressed to the FTZ Board's Executive Secretary at the address below. The closing period for their receipt is August 12, 2013. For more information see my earlier blog post here.
