Photo Source: www.cottonusa.org

Import Duty Relief for Pima Cotton Users, Wool Apparel Makers Modified

Excerpt from: Sandler, Travis & Rosenberg | November 18, 2016

The Department of Agriculture has amended its March 2015 final rule implementing the Pima Agriculture Cotton Trust Fund and the Agriculture Wool Apparel Manufacturers Trust Fund established in the 2014 Farm Bill.

The Agriculture Pima Trust provides for one payment annually for domestic users of pima cotton, pima cotton yarn spinners, and pima cotton trade associations for the years 2015-2018. The purpose is to provide monetary relief to certain persons in the U.S. that have incurred economic injury through the importation of pima cotton and have incurred tariffs on pima cotton fabric that are higher than tariffs on certain imported apparel articles made of pima cotton fabric.

Read more at:
www.strtrade.com