The expanded Andean trade preferences Act and a U.S. free trade agreement with its beneficiaries.As the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. begins negotiations with Colombia, Peru, Ecuador, and Bolivia for a United States-Andean free trade agreement, 86 percent of combined U.S. imports from these countries are already free of duty. For these Andean countries, the principal reason for desiring this trade agreement is to ensure that their preferential pref·er·en·tial
1. Of, relating to, or giving advantage or preference: preferential treatment.
2. access to the U.S. market becomes permanent, thus it will contribute to more stable economic conditions and foreign investment inflows.
In May, 2004, the United States launched negotiations in Cartagena, Colombia, towards a possible free trade agreement (FTA FTA
Future Teachers of America ) with Colombia, Peru, and Ecuador, hoping to include Bolivia at a later stage. (2) These four Andean countries already enjoy duty-free treatment for 86 percent of their combined export value to the United States, including the duty-free privileges they have been granted by the expanded Andean Trade Preference Act (ATPA ATPA Andean Trade Preference Act
ATPA American Tractor Pullers Association
ATPA Associated Third Party Administrators
ATPA Arkansas Timber Producers Association
ATPA Active Transmit Phased Array (Antenna)
ATPA Automobile Prevention Authority ) in 2002. (3)
The original ATPA had been in effect since the early 1990s. The program expired on December 4, 2001, and was renewed and expanded by the Andean Trade Promotion and Drug Eradication eradication
extermination of an infectious agent so that no further cases of the related disease can occur.
virtual eradication Act (ATPDEA ATPDEA Andean Trade Promotion and Drug Eradication Act ) on August 6, 2002. ATPDEA, which extended duty-free treatment to petroleum and petroleum derivatives, certain apparel, footwear, luggage, handbags, and some other imports from the beneficiaries that had been excluded under the original ATPA, was implemented on October 31, 2002. The expanded ATPA is scheduled to expire on December 6, 2006. (4)
Although this article will profile the major characteristics of U.S.-Andean trade, it focuses predominantly pre·dom·i·nant
1. Having greatest ascendancy, importance, influence, authority, or force. See Synonyms at dominant.
2. on the duty treatment of the Andean trade flow to the United States.
Principal Characteristics of U.S. Trade With ATPA Countries
U.S. trade with ATPA countries is relatively small. ATPA countries combined received 1 percent of total U.S. exports and provided 0.9 percent of total U.S. imports in 2003 (table 1); nonetheless, they were major U.S. suppliers of certain products, including copper, asparagus asparagus, perennial garden vegetable (Asparagus officinalis) of the family Liliaceae (lily family), native to the E Mediterranean area and now naturalized over much of the world. , and flowers.
Since 1999, U.S. data have shown a collective U.S. deficit in merchandise trade with ATPA countries. (5) In 2003, this deficit was the largest on record, amounting to $5.1 billion (table 1, figure 1). The United States registered a trade deficit vis-a-vis each ATPA country, except Peru. U.S. imports from the region also reached record amounts in 2003, at $11.6 billion. In contrast, U.S. exports to ATPA countries, at $6.5 billion, remained largely unchanged since 1999, the year in which they dropped 28 percent from their 1998 value. In recent years, a continued volatile political environment, poor economic performance, and the weakness of exchange rates for several ATPA-country currencies depressed the region's demand for U.S. exports.
[FIGURE 1 OMITTED]
A major portion of U.S. trade with ATPA countries is related to petroleum and natural gas. On the U.S. export side, even though machinery, equipment, and parts account for some two-thirds of total U.S. exports to ATPA countries, a large portion of such exports is destined des·tine
tr.v. des·tined, des·tin·ing, des·tines
1. To determine beforehand; preordain: a foolish scheme destined to fail; a film destined to become a classic.
2. for use in the region's petroleum and natural gas sectors. In addition, two leading U.S. export products to the region are refined petroleum products--fuel oils and lubricating oils.
Petroleum and its derivatives accounted for over 40 percent of U.S. imports from ATPA countries in the last four years. In 2003, as petroleum and derivatives had become free of duty under ATPDEA for the entire year, their imports were responsible for over ninety percent of the 2003 U. S. trade deficit with ATPA countries, and came to constitute almost 60 percent of U.S. imports under the expanded ATPA. (6) The newly duty-free status of petroleum and derivatives from ATPA countries under ATPDEA was also responsible for most of the contraction contraction, in physics
contraction, in physics: see expansion.
contraction, in grammar
contraction, in writing: see abbreviation.
contraction - reduction in the dutiable du·ti·a·ble
Subject to import tax.
(of goods) requiring payment of duty
Adj. 1. value of U.S. imports and U.S. duty revenues from ATPA countries, as shown in table 1.
Duty Treatment of U.S. Imports from ATPA Countries
Record U.S. imports from ATPA countries in 2003 resulted from a stronger U.S. economy than in the previous two years, the Years, The
the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109]
See : Time strength of the U.S. dollar in terms of most ATPA-country currencies, and higher oil prices. Most important, U.S. demand for the products of ATPA countries was boosted by the steep decline in the dutiable portion of U.S. imports from ATPA countries. This decline of the dutiable portion was caused, in turn, by the reinstatement Reinstatement
The restoration of an insurance policy after it has lapsed for nonpayment of premiums. of ATPA and of the General System of Preferences (GSP GSP Good Scientific Practice
GSP Generalized System of Preferences
GSP Gross State Product
GSP German Shorthaired Pointer (dog breed)
GSP Geometer's Sketchpad (KTP Technologies geometry software)
GSP Georges St. ) as well as by the implementation of extended ATPA preferences at the end of 2002. During 2002, both GSP and ATPA lapsed LEGACY, LAPSED. A legacy is said to be lapsed or extinguished, when the legatee dies before the testator, or before the condition upon which the legacy is given has been performed, or before the time at which it is directed to vest in interest has arrived. Bac. Ab. Legacy, E; Com. Dig. for several months.
Table 2 shows the dutiable portion of U.S. imports from ATPA countries, U.S. calculated duty revenues, and the average rates of duty on such imports in 1999-2003. Duty revenues from ATPA countries, as calculated, dropped from $169 million in 2002 to only $63 million in 2003, or by 63 percent; they amounted to significantly less than half the U.S. duty revenues collected from ATPA countries in each of the previous 3 years.
In 2002, due to the long lapse (language) LAPSE - A single assignment language for the Manchester dataflow machine.
["A Single Assignment Language for Data Flow Computing", J.R.W. Glauert, M.Sc Diss, Victoria U Manchester, 1978]. of GSP and ATPA duty-free preferences, the dutiable share of imports from ATPA countries increased to 47.8 percent from some 40 percent in the two prior years. In contrast, the renewal and the expansion of preferences resulted in a sharp decline of the dutiable share of U.S. imports from ATPA countries to 14 percent in 2003 (see figure 2).
[FIGURE 2 OMITTED]
In 2003, the 14-percent dutiable portion of imports included tuna tuna or tunny, game and food fishes, the largest members of the family Scombridae (mackerel family) and closely related to the albacore and bonito. They have streamlined bodies with two fins, and five or more finlets on the back. in metal cans, (7) rum rum, spirituous liquor made from fermented sugarcane products. Prepared by fermentation, distillation, and aging, it is made from the molasses and foam that rise to the top of boiled sugarcane juice. and tafia taf·i·a also taf·fi·a
A cheap rum distilled from molasses and refuse sugar in the West Indies.
[French, perhaps of West Indian Creole origin.] , and above-quota imports of certain agricultural products subject to tariff-rate quotas that are not eligible for ATPDEA preferences. Notably, only one product-canned tuna--was dutiable among the twenty leading U.S. imports from ATPA countries. All the other products on the list were free of duty under ATPA or other U.S. provisions for duty-free entry.
Imports from ATPA countries entered free of duty in 2003 in one of the following ways: (1) unconditionally free under normal tariff rates (NTR NTR Normal Trade Relations (international economic term; Most Favored Nation, MFN)
NTR Nitro (Nintendo DS codename)
NTR National Trauma Registry (Canada)
NTR Non-Traditional Revenue ) (32 percent of all imports); (2) conditionally free under GSP (3 percent); (3) conditionally free under the original ATPA (14 percent); and (4) conditionally free under ATPDEA (37 percent). (8) The 51 percent duty-free portion of imports under the expanded ATPA (original ATPA and ATPDEA combined) was the largest duty-free category of U.S. imports from ATPA countries, as shown in figure 2. This compares with an only 10 percent share of ATPA (which already included some year-end imports under ATPDEA) of the total during the atypical atypical /atyp·i·cal/ (-i-k'l) irregular; not conformable to the type; in microbiology, applied specifically to strains of unusual type.
adj. U.S. duty treatment of Andean products in 2002, (9) and a 17 percent share of the total of the original ATPA in 2001. Leading imports from ATPA countries in 2003 entering under the expanded ATPA included original ATPA product categories, such as copper cathodes and flowers, and new (ATPDEA) product categories, such as oil derivatives and apparel products.
Next to the expanded ATPA, the largest duty-free category from ATPA countries in 2003 comprised those products that entered free of duty under NTR rates. This category contained mostly the traditional exports of the region: gold and silver bullion BULLION. In its usual acceptation, is uncoined gold or silver, in bars, plates, or other masses. 1 East, P. C. 188.
2. In the acts of Congress, the term is also applied to copper properly manufactured for the purpose of being coined into money. , bituminous coal bituminous coal: see coal.
or soft coal
Most abundant form of coal. It is dark brown to black and has a relatively high heat value. , coffee, and bananas ba·nan·as
Crazy: "That's the horrible thing when you're bananas .
Table 3 shows the dutiable value of U.S. imports from ATPA countries in 2001-2003 in those leading ATPDEA product categories that contain significant portions of newly duty-free imports under the expanded ATPA. The contraction of dutiable import values of petroleum and derivatives, apparel, pouched pouched
Having a pouch, as a gopher, pelican, or marsupial.
Adj. 1. pouched - having a pouch tuna, footwear, and leather articles--all product groups containing significant portions of newly duty-free ATPDEA imports--averaged close to 70 percent in 2003, compared with 2002. In dollar terms, the total dutiable value of U.S. imports from ATPA countries dropped by some $3 billion in the same period, of which $2.5 million was accounted for by these six leading ATPA product groups shown in table 3, and by a $2.1 billion (70 percent) decline in imports of petroleum and petroleum derivatives alone.
Free Trade Negotiations with ATPA Countries
As the United States and the ATPA countries begin negotiations for an FTA, only 14 percent of U.S. imports from ATPA countries are dutiable, as mentioned earlier--a status quo [Latin, The existing state of things at any given date.] Status quo ante bellum means the state of things before the war. The status quo to be preserved by a preliminary injunction is the last actual, peaceable, uncontested status which preceded the pending controversy. which would not change much at least through the end of 2006. (10) Thus, ATPA countries will likely center their negotiating positions on the small portion of their exports that are still dutiable or subject to U.S. tariff-rate quotas. (11) In addition, several officials in the region stressed that the key reason for negotiating this trade agreement is to ensure that the market-access provisions of the expanded ATPA extend beyond the program's December 2006 expiration date Expiration Date
The day on which an options or futures contract is no longer valid and, therefore, ceases to exist.
The expiration date for all listed stock options in the U.S. .
In his testimony before the United States International Trade Commission on February 10, 2004, Luis Alberto Moreno Luis Alberto Moreno (born May 3,1953) is a Colombian diplomat and journalist. He was elected president of the Inter-American Development Bank in July 2005.
Moreno was appointed to be Colombia’s Ambassador to the United States in September 1998 by President Andrés , Ambassador of Colombia, stated that a U.S.-Andean FTA should expand and make permanent the preferential access Colombia currently enjoys to the U.S. market; moreover, the FTA should boost foreign investment by improving the risk profile of doing business in Colombia. At the International Summit of the Americas The Summit of the Americas is the name for one of a sequence of summits bringing together the countries of the Americas for discussion of a variety of issues. These encounters are organized by a number of multilateral bodies led by the Organization of American States. in Quito, Ecuador, on June 8th 2004, (12) the General Secretary of the Andean Community also named "attracting investment through long-term stability The long-term stability of an oscillator, the degree of uniformity of frequency over time, when the frequency is measured under identical environmental conditions, such as supply voltage, load, and temperature. " as one of the Andean challenges, next to "access to markets under differential conditions."
For its part, the United States will examine the sensitivity of removing remaining U.S. duties and quotas applicable to Andean products, i.e. it will estimate the probable economic effect on U.S. interests of doing so. The United States will also seek that ATPA countries dismantle dis·man·tle
tr.v. dis·man·tled, dis·man·tling, dis·man·tles
a. To take apart; disassemble; tear down.
b. their own barriers to U.S. exports. At the third round of FTA talks in Lima Peru, in July 26 through July 30, Peru already offered a list of products on which it would eliminate tariffs for U.S. products immediately, or within 10 years after the trade pact A trade pact is a wide ranging tax, tariff and trade pact that often includes investment guarantees. Trade pacts are frequently politically contentious since they may change economic customs and deepen interdependence with trade partners. is signed. (13)
ATPA countries, which are important markets for U.S. cereals and U.S. cotton, are most sensitive about access to their markets for U.S. agricultural products. Christian Espinosa, Ecuador's chief negotiator, had reportedly said that "The Andean countries will not cede ground on the agricultural front. We will defend our mechanisms to neutralize neutralize
to render neutral. the effects of U.S. subsidies." (14) Currently, under the Andean Community's "price band " system, variable tariffs of up to 100 percent can be applied to agricultural imports to restore prices once they drop below specified levels. (15)
Peru's Agriculture Minister, Alvaro Quijandria commented that "The free trade agreement will be beneficial for Peru and Peruvian agriculture, but we need to ensure that sensitive products are not affected by subsidies granted by other countries." (16) Quijandria's office maintains a list of "sensitive products" that, according to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. him, need to be negotiated on a case-by-case basis. In any event, a phase-out period for duties by ATPA countries on agricultural imports from the United States with different duty staging periods is under consideration. (17) Peru's "Agricultural and Communities Front," which includes associations of small farmers, goes even further in asserting concern about expanded U.S. access, arguing that Peru should not offer any duty reductions until the United States agrees to eliminate agricultural subsidies agricultural subsidies, financial assistance to farmers through government-sponsored price-support programs. Beginning in the 1930s most industrialized countries developed agricultural price-support policies to reduce the volatility of prices for farm products and to . (18)
In addition to U.S. access for agricultural exports, rules and regulations affecting trade and investment in the area of intellectual property rights, labor, and the environment were the most important issues discussed at the third round of preparatory pre·par·a·to·ry
1. Serving to make ready or prepare; introductory. See Synonyms at preliminary.
2. Relating to or engaged in study or training that serves as preparation for advanced education: talks in Lima. (19)
(1) Magda Kornis is an international economist in the Country and Regional Analysis Division at the U.S. International Trade Commission, Office of Economics. The views expressed in this article are those of the author. They are not the views of the U.S. International Trade Commission (USITC USITC United States International Trade Commission (US Federal agency) ) as a whole or of any individual Commissioner.
(2) USTR USTR United States Trade Representative
USTR United States Transuranium Registry (Richmond, Washington)
USTR Underground Storage Tank Regulation , "Zoellick to Visit Peru and Ecuador June 7-9," Press Release 2004-50, June 4, 2004. Allan Wagner Tizon, the General Secretary of the Andean Community said on August 18, 2004, that he "considered Bolivia's immediate and full incorporation into the negotiations for a Free Trade Agreement between the Andean Community and the United States as fundamental." Found at Internet address There are two kinds of addresses that are widely used on the Internet. One is a person's e-mail address, and the other is the address of a Web site, which is known as a URL. Following is an explanation of Internet e-mail addresses only. For more on URLs, see URL and Internet domain name. http://www.comamidadandina.org, retrieved on Aug. 27, 2004.
(3) The four Andean countries will be referred to henceforth From this time forward.
The term henceforth, when used in a legal document, statute, or other legal instrument, indicates that something will commence from the present time to the future, to the exclusion of the past. as ATPA countries.
(4) For more detail about ATPA and ATPDEA, see previous articles on the subject including Magda Kornis, "U.S. Trade with the Beneficiaries of the Andean Trade Preference Act," International Economic Review, Oct./Nov. 2000, United States International Trade Commission, USITC Publication 3379; Walker Pollard pollard
fine protein-rich feed supplement for farm animals; a byproduct from the milling of wheat for flour. Called also shorts. , "Renewal and Expansion of ATPA Could Enhance Effectiveness of the Program," International Economic Review, July/August 2001; Joanne Guth and Magda Kornis, "The Andean Trade Preference Act: An Update," International Economic Review, Nov./Dec. 2002, United States International Trade Commission, USITC Publication 3571; Magda Kornis, "An Atypical Year in the History of U.S. Imports under the Andean Trade Preference Act," International Economic Review, Sept./Oct. 2003, United States International Trade Commission, USITC Publication 3638; and Joanne Guth, "Implementation of ATPDEA Changes Composition of Imports under ATPA in 2003," International Economic Review, Nov./Dec. 2003, United States International Trade Commission, USITC Publication 3659.
(5) References in this report to exports, imports, and trade balances refer to merchandise trade and exclude trade in services Trade in Services refers to the sale and delivery of an intangible product, called a service, between a producer and consumer. Trade in services takes place between a producer and consumer that are, in legal terms, based in different countries, or economies, this is called .
(6) A report released in September 2004, The Impact of the Andean Trade Preference Act, Tenth Report, 2003, covering developments during the year 2003 in an annual series of reports of the United States International Trade Commission, will contain tables that include some data cited, but not shown, in this article.
(7) Pouched tuna, tuna packed in flexible pouches as an alternative to tuna packed in metal cans, became duty-free under ATPDEA; "loins loin
1. The part of the body of a human or quadruped on either side of the backbone and between the ribs and hips.
2. ," a semi-finished tuna product, had been duty-free under the original ATPA already.
(8) A report released in September 2004, The Impact of the Andean Trade Preference Act, Tenth Report, 2003, covering developments during the year 2003 as part of an annual series of reports of the United States International Trade Commission, will contain tables that include some data cited, but not shown, in this article.
(9) See Magda Kornis, "An Atypical Year in the History of U.S. Imports under the Andean Trade Preference Act," International Economic Review, Sept./Oct. 2003, United States International Trade Commission, USITC Publication 3638.
(10) USTR, "Peru and Ecuador to Join with Colombia in May 18-19 launch of ETA e·ta
Symbol The seventh letter of the Greek alphabet.
estimated transmitting ability. Negotiations with the United States," Press Release 2004-35, May 3, 2004.
(11) U.S. tariff-rate quotas apply, for example, to imports of cane sugar cane sugar: see sucrose. , dairy products dairy products dairy npl → produits laitier
dairy products dairy npl → Milchprodukte pl, Molkereiprodukte pl , and certain tuna from ATPA countries.
(12) Allan Wagner Tizon, General Secretary of the Andean Community, "Free Trade Agreements and the Andean Integration Process," Quito, June 8, 2004, found at Internet address http://www.comtmidadandina.org, retrieved on June 18, 2004.
(13) Lucien O. Chauvin, op. cit.
(14) Karen Hansen-Kuhn, "Andean FTA: Threats to Development," The Development Gap, July, 2004, found at Internet address http://www.developmentgap.org, retrieved on Set. 15, 2004.
(15) Lucien O. Chauvin, "Farm tariffs, Intellectual Property Rights Seen as Main Obstacles to U.S.-Andean FTA," International Trade Daily, Bureau of National Affairs BNA (The Bureau of National Affairs, Inc.) is a Washington, D.C.-based publisher of news and information on legislation, regulations, and court decisions for professionals in business and government. It is the oldest wholly employee-owned company in the United States. , July 30, 2004.
(16) Dow Jones Dow Jones
the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202]
See : Finance New Service Report from Quito, Ecuador, June 9, 2004.
(17) "U.S.-Andean FTA Talks Progressing Well," International Trade Daily, July 30, 2004.
(18) Lucien O. Chauvin, op.cit.
(19) Negotiators at the Lima meeting once again included the United States, Colombia, Ecuador, and Peru. Bolivia sent observers.
Magda Kornis (1)
Table 1 U.S. trade with ATPA countries U.S. Share of U.S. Share of U.S. trade exports U.S. exports imports U.S. imports balance to the world to the world Million Million Million Year dollars Percent dollars Percent dollars 1991 3,798.2 0.9 4,969.5 1.0 -1,171.3 1992 5,319.7 1.3 5,058.7 0.9 261.0 1993 5,359.1 1.2 5,282.3 0.9 76.7 1994 6,445.0 1.3 5,879.5 0.9 565.5 1995 7,820.2 1.4 6,968.7 0.9 851.4 1996 7,718.7 1.3 7,867.6 1.0 -148.9 1997 8,681.8 1.3 8,673.6 1.0 8.2 1998 8,670.1 1.4 8,361.0 0.9 309.1 1999 6,263.2 1.0 9,830.2 1.0 -3,567.0 2000 6,295.1 0.9 11,117.2 0.9 -4,822.1 2001 6,363.3 1.0 9,568.7 0.8 -3,205.3 2002 6,463.8 1.0 9,611.5 0.8 -3,147.7 2003 6,525.7 1.0 11,639.5 0.9 -5,113.8 (1) Domestic exports, f.a.s. (2) Imports for consumption, customs value. Source: Compiled from official statistics of the U.S. Department of Commerce. Table 2 U.S. imports for consumption from ATPA countries: Dutiable value, calculated duties, and average duty, 1999-2003 Item 1999 2000 Dutiable imports (thousand dollars) (1) 3,459,748.0 4,517,161.0 Dutiable as a share of total (percent) 35.2 40.6 Calculated duties (thousand dollars) 123,263.0 142,367.0 Average duty (percent) (2) 3.6 3.2 Item 2001 2002 Dutiable imports (thousand dollars) (1) 3,798,848.0 4,598,474.0 Dutiable as a share of total (percent) 39.7 47.8 Calculated duties (thousand dollars) 144,098.0 169,498.0 Average duty (percent) (2) 3.8 3.7 Item 2003 Dutiable imports (thousand dollars) (1) 1,612,727.0 Dutiable as a share of total (percent) 14.0 Calculated duties (thousand dollars) 63,209.0 Average duty (percent) (2) 3.9 (1) Dutiable value and calculated duty exclude the U.S. content entering under HTS heading 9802.00.80 and subheading 9802.00.60 and misreported imports. Data based on product eligibility corresponding to each year. (2) Average duty = (calculated duty/dutiable value) x 100. Note.--Commission staff adjusted official Census data to reflect trade believed to have been eligible for duty-free entry under ATPDEA. The adjustment was necessary because, when the original ATPA expired, no provision was made to allow duty-free entry to continue for eligible goods under appropriate bond while renewal was debated in the Congress. As a result, significant quantities of imports that would likely have entered free of duty under ATPDEA were in fact assessed duties. Source: Compiled from official statistics of the U.S. Department of Commerce. Table 3 Dutiable values of leading imports from ATPA countries by major product categories that benefited from ATPDEA, by 2-digit HTS sectors, 2001, 2002, 2003 Dutiable Value of Imports 2001 2002 2003 * Thousand Thousand Thousand HTS Chapter dollars dollars dollars HTS27 Petroleum and derivatives 2,599,933 2,891,713 816,663 HTS61 Articles of Apparel, Knitted 447,644 464,967 104,781 HTS62 Articles of Apparel, Not Knitted 217,347 230,411 164,557 HTS16 Prepared Fish [mostly pouched tuna] 51,382 130,186 101,625 HTS42 Articles of Leather 24,913 21,244 4,678 HTS64 Footwear 3,362 3,679 958 Subtotal 3,346,582 3,744,202 1,193,262 Other 452,266 854,272 419,465 Total 3,798,848 4,598,474 1,612,727 Decline of Dutiable Value 2003/2002 2003/2002 Thousand HTS Chapter dollars Percent HTS27 Petroleum and derivatives 2,075,050 71.8 HTS61 Articles of Apparel, Knitted 360,186 77.5 HTS62 Articles of Apparel, Not Knitted 65,854 28.6 HTS16 Prepared Fish [mostly pouched tuna] 28,561 21.9 HTS42 Articles of Leather 16,566 78.0 HTS64 Footwear 2,721 74.0 Subtotal 2,548,938 68.1 Other 434,807 50.9 Total 2983745 64.9 * Commission staff adjusted official Census data to reflect trade believed to have been eligible for duty-free entry under ATPDEA. The adjustment was necessary because, when the original ATPA expired, no provision was made to allow duty-free entry to continue for eligible goods under appropriate bond while renewal was debated in the Congress. As a result, significant quantities of imports that would likely have entered free of duty under ATPDEA were in fact assessed duties. Source: Compiled from official statistics of the U.S. Department of Commerce.