US ITC Investigates Change in Origin Criteria for Certain Korean Textile Fabrics
[Asia Economy New York=Special Correspondent Joselgina] The United States International Trade Commission (ITC) announced on the 22nd (local time) that it will seek public comments on the determination to change the origin criteria for certain Korean-made yarn fabrics.
The ITC has received a request from the U.S. Trade Representative (USTR) on the 5th to investigate the change in origin criteria for fabrics woven from specific triacetate filament yarns. Under the Korea-U.S. Free Trade Agreement (FTA), textile products must meet origin criteria to receive preferential tariff benefits. However, if the raw materials necessary for production are not produced in both Korea and the U.S., a request to change the origin criteria can be made.
Hot Picks Today
"Stocks Are Not Taxed, but Annual Crypto Gains Over 2.5 Million Won to Be Taxed Next Year... Investors Push Back"
- [Breaking] Samsung Labor-Management 'Performance Bonus Negotiations' Fail in Third Mediation... Union Says "General Strike to Proceed as Planned Tomorrow"
- "Not Jealous of Winning the Lottery"... Entire Village Stunned as 200 Million Won Jackpot of Wild Ginseng Cluster Discovered at Jirisan
- Bull Market End Signal? Securities Firm Warns: "Sell SK hynix 'At This Moment'"
- "Even With a 90 Million Won Salary and Bonuses, It Doesn’t Feel Like Much"... A Latecomer Rookie Who Beat 70 to 1 Odds [Scientists Are Disappearing] ③
The ITC plans to issue a recommendation by November 4.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
