USTR.gov August 5th, 2011

12 Tariff-Rate Quota Allocations for Sugars

August 5, 2011

Washington, D.C. – The Office of the United States Trade Representative (USTR) today announced the country-specific in-quota allocations under the tariff-rate quotas on imported raw cane sugar, refined and specialty sugar and sugar-containing products for Fiscal Year (FY) 2012.Tariff-rate quotas allow countries to export specified quantities of a product to the United States at a relatively low tariff, but subject all imports of the product above a pre-determined threshold to a higher tariff.

On August 1, 2011, the Secretary of Agriculture announcedsugar program provisions for FY 2012.  The in-quota quantity for the tariff-rate quota (TRQ) on raw cane sugar for FY 2012 is 1,117,195 metric tons* raw value (MTRV), which is the minimum amount to which the United States is committed under the World Trade Organization (WTO) Uruguay Round Agreements.  USTR is allocating the raw cane sugar TRQ of 1,117,195 MTRV to the following countries in the quantities specified here.

Kirk Comments on Pending Trade Agreements, Trade Adjustment Assistance

August 3, 2011

Washington, D.C. – U.S. Trade Representative Ron Kirk issued the following statement today regarding comments from Senate leaders on the pending trade agreements with South Korea, Colombia, and Panama, as well as a bipartisan compromise to renew key Trade Adjustment Assistance reforms.

“I am very pleased that Senators Reid and McConnell have agreed on a path forward in the Senate for the pending trade agreements and Trade Adjustment Assistance. As the President has said, these agreements will support tens of thousands of jobs here at home, and the Administration looks forward to working with leaders of the Senate and House after Congress returns in September to secure approval of these important initiatives for America’s working families.”

USTR.gov HEADLINES

Boon Edam: Trade Agreements Opening Doors to Increased Exports

July 29, 2011

Boon Edam, located in Lillington, North Carolina, has been a leading manufacturer of revolving doors and turnstiles for over 100 years. The business is just one of many that rely greatly on exports to Colombia and Panama.

“Colombia is the biggest market of the two,” said Business Development Manager, Martin Noble. “We started receiving inquiries from customers in both countries, and given [their] economic growth and demand for our products, we have identified both countries as key growth markets for our exports to Latin America.”

Current sales to Caribbean and Latin American countries account for 10 percent of the company’s total exports. Of this amount, Colombia and Panama account for 10 to 15 percent of sales.

Once the pending trade agreement with Colombia is passed and implemented, small American companies will be well-equipped to compete with foreign regional competitors. At present, tariffs and other non-tariff barriers pose competitive challenges for U.S. small- and medium-sized exporters. Read more

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About Alexander Gordin
An international merchant banking professional with over twenty years of business operating and advisory experience in the areas of export finance, international project finance, risk mitigation and cross-border business development. Clients include foreign governments, municipalities and state enterprises as well as Fortune 500 and small/medium enterprises. Strong entrepreneurial instincts, combined with leadership and strategic skills. Transactional and negotiations experience in over thirty five countries. Author of the highly acclaimed "Fluent in Foreign Business" book and creator of the "Fluent in OPIC", "Fluent in EXIM","Fluent In Foreign Franchising", "Fluent in FCPA",and "Fluent in USTDA" seminar/webinar series. Currently developing "Fluent In ......" seminars and publications. Co-author of the Fi3 Country Business Appeal Indices. Extensive international business development and project finance transaction experience in healthcare, aerospace, ICT, conventional and alternative energy infrastructure, distribution and hospitality industries. Experience managing international public and private corporations. Co-Founded three companies abroad. Strong Emerging and Frontier Market expertise. Published and featured in numerous publications including: The Wall Street Journal, Knowledge@Wharton, NBC.com, The Chicago Tribune, Industry Week, Industry Today, Business Finance, Wharton Magazine Blog, NY Enterprise Report, Success magazine, Kyiv Post and on a number of radio and television programs including: Voice of America, CNBC, CNNfn, and Bloomberg. Frequent speaker on strategy, cross-border finance and international business development. Executive MBA from the Wharton School at the University of Pennsylvania. B.S. in Management of Information Systems from the Polytechnic Institute of NYU. Specialties Strategic Management Advisory, Export Finance, International Project Finance & Risk Management, Cross-border Negotiations, Structured Finance transactions, Senior Government and Corporate officials liason

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