United States-Panama Trade Promotion Agreement Implementation Act

Summary

United States-Panama Trade Promotion Agreement Implementation Act - Approves the United States-Panama Trade Promotion Agreement (the Agreement) entered into on June 28, 2007, with the government of Panama. Prescribes implementing actions. Authorizes the President to establish or designate within the Department of Commerce an office responsible for administrative assistance to dispute settlement panels. Authorizes the President to proclaim specified tariff modifications. Requires the Secretary of the Treasury to assess specified additional duties on safeguard agricultural goods. Prescribes formulae for the regional value-content of certain automotive goods under the Agreement. Authorizes the President to proclaim the addition to the list in Annex 3.25 of the Agreement of fabrics, yarns, and fibers which are not available in commercial quantities in the United States. Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to prohibit the charging of customs user fees with respect to originating goods under this Act. Amends the Tariff Act of 1930 with respect to: (1) penalty-free prompt correction by an importer of an incorrect claim that a good qualifies as an originating good, (2) prohibition of false certifications of origin, and (3) denial of tariff treatment under the Agreement. Authorizes the President to direct the Secretary of the Treasury to take certain appropriate actions while the government of Panama conducts a verification of an enterprise's compliance with customs laws and regulations regarding trade in textiles or apparel goods. Prescribes procedures for: (1) petitions to the U.S. International Trade Commission (ITC) for relief from imports benefiting from the Agreement, and (2) the provision of such relief. Amends the Trade Agreements Act of 1979 to make a product or service of a party to the Agreement eligible for U.S. government procurement. Amends the Caribbean Basin Economic Recovery Act (CBERA) to remove Panama from the list eligible for designation as a beneficiary country for duty-free treatment under CBERA of eligible Panamanian products imported into the United States. Extends certain customs users fees for the processing of merchandise entered into the United States from September 1, 2021, through FY2021. Increases by 0.25% the required estimated tax payments which are otherwise due in the third quarter of 2012 and 2016 for corporations with assets of not less than $1 billion.

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Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 11 October 2011

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• Reported to Senate (PDF)

  Reported to Senate · EN · 11 October 2011

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• Reported to Senate without amendment

  summary · EN · 11 October 2011

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• Introduced in Senate (text)

  Introduced in Senate · EN · 3 October 2011

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 3 October 2011

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• Introduced in Senate

  summary · EN · 3 October 2011

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