MODIFICATIONS ESTABLISHED PURSUANT TO
THE UNITED STATES-KOREA TRADE PROMOTION AGREEMENT
- 1. This subchapter contains modifications of the provisions of the tariff schedule established pursuant to the United States-Korea Free Trade Agreement. Goods of Korea, under the terms of general note 33 to the tariff schedule, entered and described in any of subheadings 9920.04.10 through 9920.85.02 of this subchapter for which a rate of duty followed by the symbol "(KR)" is herein provided, are subject to duty at the rate set forth in this subchapter in lieu of the rate provided in chapters 1 through 97. For purposes of this subchapter, notwithstanding any other provisions of the tariff schedule, the term "goods of Korea, under the terms of general note 33 to the tariff schedule" means goods of Korea that satisfy the requirements of general note 33 to the tariff schedule, except that operations performed in, or material obtained from, the United States shall be considered as if the operations were performed in, and the material was obtained from, a country that is not a party to the Agreement as defined in general note 33 to the tariff schedule. Such goods of Korea entered into the United States under the provisions of subheadings 9920.04.10 through 9920.85.02 are not subject to any of the provisions, duties or limitations of subchapter IV of chapter 99 of the tariff schedule. Unless otherwise provided, the provisions of this subchapter are effective as to such goods of Korea, under general note 33 to the tariff schedule, entered through the close of December 31, 2026 and shall be deleted from the tariff schedule at the close of such date.
- 2. Whenever goods are classifiable under a provision for which the modification of the applicable United States-Korea Free Trade Agreement rate of duty is provided for in a subheading in this subchapter, the reporting number, in the absence of specific instructions to the contrary, shall be the appropriate statistical reporting number for the basic provision (the appropriate provision for classification purposes in chapters 1 through 97) preceded by the subheading number of this subchapter. For statistical purposes, both the basic provision statistical reporting number and the applicable subheading number from this subchapter shall be collected by the United States Bureau of Census.
- 3. The aggregate quantity of originating goods of Korea entered under subheading 9920.04.10 in any calendar year shall not exceed the quantity specified below for that year.
|Year||Quantity(Metric tons)||Year||Quantity(Metric Tons)|
Beginning in calendar year 2021, quantitative limitations shall cease to apply to such originating goods of Korea. Unless earlier modified or terminated, this note and subheadings 9920.04.10 through 9920.04.30 shall be deleted from the tariff schedule at the close of December 31, 2021.