110 HR 6415 IH: To provide that goods that are manufactured in a foreign U.S. House of Representatives 2008-06-26 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.

I 110th CONGRESS 2d Session H. R. 6415 IN THE HOUSE OF REPRESENTATIVES June 26, 2008 Mr. Pascrell introduced the following bill; which was referred to the Committee on Ways and Means A BILL To provide that goods that are manufactured in a foreign trade zone and comply with the rules of origin under a trade agreement to which the United States is a party may enter the customs territory of the United States at the rate of duty applicable under that agreement.

1.

Modification of tariff treatment of certain goods imported from trade zones

(a)

Modification of tariff treatment

Section 3(a) of the Act of June 18, 1934, commonly referred to as the Foreign Trade Zones Act (19 U.S.C. 81c(a)) is amended by striking the period at the end thereof and inserting the following: : Provided further, That if foreign merchandise is incorporated into a finished good, or is processed, manipulated, or manufactured in a zone, and complies with the rules of origin under any agreement which affects the rates of duty for merchandise and to which the United States is a party, then upon authorization under this Act, such merchandise shall enter the customs territory of the United States at the rate of duty provided under the Harmonized Tariff Schedule of the United States for such merchandise that complies with such rules of origin.. (b)

Amendment to NAFTA Implementation Act

Section 202(a)(2) of the North American Free Trade Agreement Implementation Act (19 U.S.C. 3332(a)(2)(A)) is amended to read as follows: (2)

Special rule

For purposes of subparagraph (D) of paragraph (1), a good shall be treated as originating in a NAFTA country if the regional value-content of the good, determined in accordance with subsection (b) of this section, is not less than 60 percent where the transaction value method is used, or not less than 50 percent where the net cost method is used, and the good satisfies all other applicable requirements of this section. . (c)

Effective date

The amendments made by this section shall apply to goods entered, or withdrawn from warehouse for consumption, on or after the 15th day after the date of the enactment of this Act.