Targeted Tariff Relief
Eliminate Select Tariffs to Reduce Import Costs
Summary of SFIA Activities on Tariff Relief
The SFIA identifies outdated tariffs on sporting goods & fitness products then works with Congress and the Federal Government to eliminate or reduce them to lower import costs.
More Information on Tariff Relief
With the global ‘Doha Round” trade talks stalled, the U.S. approved bi-lateral Free Trade Agreements with Columbia, Panama and South Korea and renewed the Generalized System of Preferences (GSP). The U.S. continues to negotiate the Trans-Pacific Partnership trade agreement with Pacific-rim countries. SFIA supports the Free Trade Agreements & the renewal of the GSP renewal and opposes punitive duties on Chinese imports.
Free Trade Agreements
TPP is a multi-lateral trade agreement between 11 Pacific-rim countries (US, Mexico, Canada, Peru, Chile, Australia, New Zealand, Vietnam, Singapore, Brunei & Malaysia). Japan, Indonesia, Thailand & the Philippines are interested in signing onto the TPP at a later time. China is currently not interested. The TPP would remove trade barriers between participating countries, including eliminating tariffs to increase market access. The negotiations are in the final stages. One area to be resolved in intellectual property as the U.S. is seeking greater protection of intellectual property rights.
Generalized System of Preferences
Senator Coburn Continues to Block Legislation to Renew GSP Tariff Relief Program
Legislation to renew the U.S. Generalized System of Preferences (GSP), which expired on July 31, continues to be blocked by Senator Tom Coburn (R-OK). As reported, companion bills (H.R. 2709, S. 1331) to renew the program with no changes through September 30, 2015 were introduced in the House and Senate in July, but they have seen no action because of a hold placed on the Senate bill by Coburn.
Miscellaneous Tariff Bills
Tariff Relief on Certain Sports Products Awaits Senate Breakthrough
Since July’s introduction of the miscellaneous tariff bill (MTB) containing SFIA-backed duty suspension provisions by the Republican and Democrat leaders of the House Ways & Means Committee, there have been no major breakthroughs in resolving the bill’s obstacles in the Senate. Meanwhile, the bill continues to enjoy broad support in both chambers, and reportedly would be readily brought to the floor by House leaders if the Senate impasse can be resolved.
For more information on tariff relief, please contact Bill Sells at 301.495.6321 or at email@example.com.