Thanks to an update to the International Trade Administration’s Free Trade Agreement (FTA) Tariff Tool, you can now find out when products would be eligible for duty-free treatment if the Trans-Pacific Partnership (TPP) is enacted.
Though tariff information is only available for six of the 11 TPP countries– Australia, Canada, Chile, Mexico, Peru, and Singapore (all of which have existing bilateral free trade agreements with the U.S.)–the tool will undoubtedly save U.S. exporters valuable market research time. Surely, no one wants to sift through the thousands of pages of tariff schedules from the TPP agreement.
What you’ll need to get started
If you’re ready to take the FTA Tariff Tool for a spin, you’ll need to know:
- the HS code for your product
- whether your product meets the agreement’s rule of origin
With these two pieces of information, you can use the FTA Tariff Tool to look up your product’s tariff phase-out schedule should TPP come into force.
You can read more about this recent update to the FTA Tariff Tool on the Department of Commerce’s blog, here.