Edmonson, R. G.
October 2011
Journal of Commerce (1542-3867);10/31/2012, Vol. 12 Issue 40, p16
The article observes that the signing of the U.S. market-opening free trade agreements (FTAs) with Colombia, Panama and South Korea in October 2011 will raise the Merchandise Processing Fee (MPF) by nearly 65 percent for U.S. importers. It informs that the FTA was created in the early 1990s to cover the costs of processing of import entries by the U.S. Customs and Border Protection. The article also mentions that the fee increase will cover the cost of the FTAs and two other trade programs.


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