U.S. Secretary of Commerce Penny Pritzker today announced that the Department’s International Trade Administration has updated its Free Trade Agreement Tariff Tool (FTA Tariff Tool) to include the latest information on tariffs on U.S. products exported to Trans-Pacific Partnership (TPP) partner markets. When enforced, the TPP will eliminate more than 18,000 foreign import taxes that various countries place on Made-In-America exports.
“Helping businesses, especially small and mid-sized companies, compete and succeed in the global marketplace is a core priority for the Department of Commerce,» said Secretary Pritzker. “The Trans-Pacific Partnership presents multiple opportunities for U.S. companies of all sizes to export their world-class products and services to markets that represent nearly 40 percent of global GDP. The updated FTA Tariff Tool will help these firms realize those benefits by including the latest information on tariffs on U.S. products exported to TPP partner markets.”
FTA Tariff Tool users can see how TPP and other FTA partner tariffs on individual products – searchable by keyword or tariff code – are treated under an agreement. Additionally, U.S. importers and exporters can see the current tariff and future tariffs applied to their products, as well as the year in which those products become duty free. It also incorporates agricultural and non-agricultural goods and includes product specific rules of origin information.
The TPP is a transformational 21st-century trade agreement with 11 other countries bordering the Pacific Rim, home to some of the fastest-growing markets in the world. TPP levels the playing field for American workers and businesses, supporting more Made-in-America exports and higher paying American jobs.
The updated website also contains an instructional video, quick start guide, and user’s manual.
Department of Commerce March 15, 2016
