U.S. Increases Cotton Import Fee
15 September 2017
The U.S. Department of Agriculture’s Agricultural Marketing Service has issued a direct final rule that will increase the assessments paid by importers of cotton and cotton-containing products under the Cotton Research and Promotion Order. These assessments are being raised from US$0.011012 per kilogramme to US$0.01151 per kilogramme, reflecting an increase in the average weighted price of upland cotton received by U.S. farmers during calendar year 2016. The revenues generated by these assessments are used to finance research and promotion programmes designed to increase consumer demand for upland cotton in the U.S. and international markets.
This rule will be effective as of 6 November unless significant adverse comment is received by 5 October, in which case it will be withdrawn and all public comments will be addressed in a final rule based on a proposed rule the AMS issued concurrently with the direct final rule.
- Garments, Textiles & Accessories
- North America