What does ATPA mean in UNCLASSIFIED
ATPA stands for Andean Trade Preference Act, which is a United States preferential trade agreement with Bolivia, Colombia, Ecuador, and Peru. This act is part of the Obama Administration's foreign policy initiatives to promote economic development in the Latin America region. The agreement provides certain duties and access for products produced by these countries.
ATPA meaning in Unclassified in Miscellaneous
ATPA mostly used in an acronym Unclassified in Category Miscellaneous that means Andean Trade Preference Act
Shorthand: ATPA,
Full Form: Andean Trade Preference Act
For more information of "Andean Trade Preference Act", see the section below.
ATPA Full Form
The full form of ATPA is "Andean Trade Preference Act", which is a United States preferential trade agreement with Bolivia, Colombia, Ecuador, and Peru. Enacted in 1991 under former US President George H. W Bush's State Department led by Warren Christopher this bilateral free trade agreement allows these four nations to maximally benefit from US Markets without long tariffs or quotas imposed on them for specific goods manufactured within their respective borders. As an extension of its promotion of global free markets it also includes other provisions that support cooperatives between enforcement agencies across borders as well as mechanisms to ensure higher consumer safety standards regardless if they were created in either country or state jurisdiction.
Essential Questions and Answers on Andean Trade Preference Act in "MISCELLANEOUS»UNFILED"
What is the primary purpose of the Andean Trade Preference Act (ATPA)?
The primary purpose of the ATPA is to provide economic incentives and preferential trade access for certain imports from Bolivia, Colombia, Ecuador, and Peru. This should help these countries to develop their economies, increase exports and reduce poverty.
what types of products qualify for ATPA preferential treatment?
ATPA provides duty-free access for select products from four countries - Bolivia, Colombia, Ecuador and Peru. These preferences cover products like apparel and textile products, carpets, handicrafts, footwear and many agricultural commodities.
Who can benefit from the Andean Trade Preference Act?
Generally speaking, businesses in the United States that import or export goods with any of the four Andean countries can benefit from this agreement by paying lower tariffs on imports or receiving preferential treatment when exporting goods.
How long does an importer have to submit documentation for ATPA tariff preferences?
Importers must submit all required documents within 180 days following exportation or destruction of merchandise purchased under Andean Trade Preference Act preferences. Most importantly, importers must prove that all conditions established under the law are met in order to claim benefits.
How do I file a claim for ATPA preferences?
A valid claim must be filed with U.S. Customs and Border Protection at least 10 working days before exportation or destruction of merchandise purchased under ATPA tariff preferences. Filing by mail requires additional time; therefore it is recommended that an importer use a CBP-approved electronic filing option such as ACE eManifest or ACE Secure Data Portal (ASDP).
What countries are eligible under the Andean Trade Preferences Act?
The four participating countries under ATPA are Bolivia, Colombia, Ecuador and Peru. Each country has different rules regarding eligibility based on their nationality requirements – these rules will need to be investigated by any businesses wanting to trade with them under this scheme.
Does ATPA apply only to imports into the US?
No, exports can also qualify for benefits if they meet certain criteria including origin requirements and value limits imposed by each individual country's customs administration in their respective domestic laws.
Is there an expiry date on ATPA agreements?
Yes – while many provisions within this agreement remain in force indefinitely unless otherwise specified further details may be found in periodic renewal periods where extensions may be granted past set expiration dates.
Final Words:
ATPA is an important policy tool for promoting mutually beneficial trade between Andean nations and the United States economy. By providing duty-free access for certain products from these countries as well as other provisions such as customs enforcement cooperation measures it helps create jobs and aid economic development within the region while at the same time boosting exports from those countries into the United States market. It has been around since 1991 but continues to be periodically updated so that it remains relevant to both parties’ needs and wants; ultimately benefiting everyone involved.
ATPA also stands for: |
|
| All stands for ATPA |