TRADE AGREEMENT/PROGRAM COMPARISON

 

Provision

NAFTA

Singapore FTA

Chile FTA

GSP

Australia FTA

General

 

 

 

 

 

Agreement

NAFTA Implementation Act

US-Singapore FTA Implementation Act

US-Chile FTA Implementation Act

Generalized System of Preferences

US-Australia FTA Implementation Act

US Code

19 U.S.C. 3301-3473

19 U.S.C. 3805 note

19 U.S.C. 3805 note

19 U.S.C. 2461-2467

19 U.S.C. 3805 Note

CFR

19 CFR 181 and Rules of Origin Regs

Regs in early Draft Stage

70 FR 10868, March 7, 2005 (19 CFR 10 Subpart H)

19 CFR 10.171, 10.178

Regs in Early Draft Stage

HTSUS General Note

GN 12

GN 25

GN 26

GN 4

GN 28

Primary responsibility for compliance

Exporter

Importer

Importer

Importer

Importer

Special Program Indicator

CA or MX

SG or 9999.00.84 (ISI)

CL

A, A+, A*

AU

Expiration

No

No

No

2007 (likely to be renewed)

No

Importing

 

 

 

 

 

Marking Rules

19 CFR 102 & 134

19 CFR 134 (Substantial Transformation)

19 CFR 134 (Substantial Transformation)

19 CFR 134 (Substantial Transformation)

19 CFR 134 (Substantial Transformation)

MPF

Exempt for originating goods

Exempt for originating goods

Exempt for originating goods

Not Exempt (Except for LDBDC's)

Exempt for originating goods

Preference Criteria

A through F

GN25(b); will be A, B, C

A, B, C

N/A

GN28(b)

General Rules of Origin

Wholly originating, wholly of originating materials, Tariff Shift &/or Regional Value Content

Wholly originating, wholly of originating materials, Tariff Shift &/or Regional Value Content, Integrated Sourcing Initiative

Wholly originating, wholly of originating materials, Tariff Shift &/or Regional Value Content

Regional Value Content

Wholly originating, wholly of originating materials, Tariff Shift &/or Regional Value Content, Other Qualifying Method

Tariff Shift Rules

GN12(t)

GN25(o)

GN26(n)

GN4(b)(ii)

GN28(n)

Tariff Preference Levels (TPL)

Yes

Yes

Yes

No

No

Concepts of Fiber, Yarn, and Fabric Forward

Yes

Yes

Yes

No

Yes

Level of documentation or data required to be on file with importer at time of entry summary

NAFTA Certificate of Origin

Freeform statement with 10 elements and sufficient knowledge or information

Freeform certification with 10 elements and sufficient knowledge or information

Form A no longer required

Freeform statement with 10 elements and sufficient knowledge or information

Advance Rulings

Yes

Yes

Yes

Yes

Yes

Direct Shipment Required

Yes

No (requires non-ABI entry)

No (requires non-ABI entry)

Yes, except LDBDC's can transship thru one another as can the associated countries

Yes, pursuant  to GN28(b)

Special Origination Rules

Annex 308.1 / E Criterion

Integrated Sourcing Initiation (ISI) GN28(m)

No

No

No

Value

 

 

 

 

 

Regional Value Content (RVC) Calculation Methods

Transaction Value & Net Cost

Build-Up and Build-Down

Build-Up and Build-Down

Direct cost of processing

Build-Up, Build-Down and Net Cost for Automotive Goods

General RVC Percent

50% Transaction Value                60% Net Cost

35% Build-Up                               45% Build-Down

35% Build-Up                             45% Build-Down

35% direct costs of processing (up to 15% US content)

35% Build-Up                             45% Build-Down                                   50% Net Cost

Special Rules for Automotive Goods

Tracing, Net Cost Only

No, although RVC precentages are 30% build-up; 50% build-down

No, although RVC precentages are 30% build-up; 50% build-down

No

Yes, certain tariffs require net cost RVC (GN28(g)(iii))

Accumulation of Originating Materials in Non-Orig. Goods

No

Yes

Yes

N/A

Yes

De Minimis (Non-Textile)

7% by value

10% by value

10% by value

N/A

10% by value

De Minimis (Textile)

7% by weight

7% by weight

7% by weight

N/A

7% by weight

Inventory

 

 

 

 

 

Fungible Goods

Specific Identification, LIFO, FIFO, Average

Specific Identification, LIFO, FIFO, Average

Specific Identification, LIFO, FIFO, Average

GAAP

Specific Identification, LIFO, FIFO, Average

Fungible Materials

Specific Identification, LIFO, FIFO, Average

Specific Identification, LIFO, FIFO, Average

Specific Identification, LIFO, FIFO, Average

GAAP

Specific Identification, LIFO, FIFO, Average

Post-Importation

 

 

 

 

 

Post-Importation

520(d)

SIL/PEA

520(d)

SIL/PEA

SIL/PEA

TPL Post-Entry

SIL/PEA

SIL/PEA

SIL/PEA

N/A

N/A

520(d) Reconciliation

Yes

No

69 FR 53730, September 2, 2004

No

No

US CBP

 

 

 

 

 

Verifications via CBP Form 28

Yes

Yes

Yes

Yes

Yes

Determinations via CBP Form 29

Yes

Yes

Yes

Yes

Yes

Determinations communicated to exporter

Yes

Yes - only if correspondence with exporter required

Yes - only if exporter provided documents directly to CBP

No

Yes - only if exporter provided documents directly to CBP

Joint Verification Teams

Yes

Yes for ISI - visitation procedures being negotiated

No specific provision - currently in negotiation stage

No

Yes - visit procedures being negotiated

Pattern of Conduct/Denial of Future Claims Based on Prior Actions

Yes

No

Yes

No

No

Prior Disclosure

19 USC 1592(c)(4)

Prompt notification to CBP, however 1 yr from importation to correct

19 USC 1592(c)(4)

19 USC 1592(c)(4)

Prompt notification to CBP, however 1 yr from importation to correct

Additional Information

 

 

 

 

 

Complete Duty Phase-Out Period

15 Years (1/1/2008)

10 Years (1/1/2013)

12 Years (1/1/2015)

Immediate

18 Years (1/1/2022)

 

http://cbp.gov/xp/cgov/import/international_agreements/