Business

US Import Fee On Cotton And Cotton-Containing Products To Be Decreased

The USDA's Agricultural Marketing Service has issued a direct final rule lowering the assessments paid by importers of cotton and cotton-containing products under the Cotton Research and Promotion Order. These assessments are being reduced from US$0.012013 per kilogramme to US$ 0.011012 per kilogramme, reflecting a decrease in the average weighted price of upland cotton received by US farmers in 2015.

The revenues generated by these assessments are used to finance research and promotion programmes designed to increase consumer demand for upland cotton in the US and international markets. This rule will be effective as of October 4, unless significant adverse comment is received by September 5, in which case it will be withdrawn.