US: Interim AGOA apparel and textile changes finalised
Changes to the interim regulations governing AGOA have been formally adopted
The US Customs and Border Protection has formally adopted changes to the interim regulations governing the Africa Growth and Opportunity Act (AGOA).
The amendments reflect the statutory standards for AGOA amended by the Trade Act 2002 – concerning textile and apparel articles – as well as changes brought by the AGOA Acceleration Act 2004, which liberalised the 35% value-content rule and made other changes concerning textiles and apparel.
The new regulations also reflect the Africa Investment Incentive Act 2006, which extended the third-country fabric rule and expanded AGOA treatment of textiles and apparel.
The new rule, which comes into effect on 26 June, finalises interim amendments to the regulations implementing the Generalized System of Preferences (GSP), and also incorporates regulations made in 2003 to clarify issues related to statutory changes concerning textiles and apparel.
Full details are published in today's Federal Register. Click here to view.
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