Advice Concerning Possible Modifications to the U.S. Generalized System of Preferences, 2009 Review of a Competitive Need Limit Waiver
Investigation No. 332-512
USITC Publication 4140
The U.S. International Trade Commission (USITC) has released a public version of its report on the probable economic effect of waiving the competitive need limit for Thailand for radial motorcar tires (HTS 4011.10.10) under the Generalized System of Preferences (GSP).
Advice Concerning Possible Modifications to the U.S. Generalized System of Preferences, 2009 Review of a Competitive Need Limit Waiver was requested by the U.S. Trade Representative. The USITC’s confidential report was submitted to the USTR on March 30, 2010.
"Competitive need limits" represent the maximum import level of a product, in terms of the dollar value or share of total imports, that is eligible for duty-free treatment under the GSP. Once the limit is reached, trade is considered "competitive," benefits are no longer needed, and imports of the article become ineligible for GSP treatment, unless a waiver is granted. With respect to the competitive need limit in section 503(c)(2)(A)(i)(I) of the 1974 Act, the Commission, as requested by USTR, used the dollar value limit of $140 million.
The USITC's report is now available at: http://www.usitc.gov/publications/332/pub4140.pdf.
Also available on CD-ROM and in print; call 202.205.2000 for more information.