The FAS is now accepting claims for distributions from the Pima Agriculture Cotton Trust Fund

The FAS is now accepting claims for distributions from the 'Pima Agriculture Cotton Trust Fund'

Claims for payments from the $16m annual 'Pima Agriculture Cotton Trust Fund' are now being accepted by the US's Foreign Agricultural Service (FAS). 

The five-year fund, "intended to reduce the injury to domestic manufacturers resulting from tariffs on cotton fabric that are higher than tariffs on certain apparel articles made of cotton fabric", is part of a farm bill announced earlier this year. 

Of the amount in the fund, 25% will be paid to one or more nationally recognised associations set up to promote Pima cotton for use in textile and apparel goods. Another 25% is being allocated for yarn spinners of Pima cotton that produce ring spun cotton yarns in the US.

In addition, 50% will be paid to cotton shirt manufacturers in the US, who certify that they used imported cotton fabric last year. 

All claims, affidavits, and supporting documentation for calendar year 2014 distributions must be filed with the FAS by 2 June.