Administration Reveals Proposal To Restructure MPF To Comply With TPP

The Obama administration last week unveiled the details of its proposal for transitioning the main U.S. customs user fee, currently calculated on an ad valorem basis, to a four-tiered system that would impose fees ranging from $30 to $500 on shipments depending on their value, according to sources familiar with the proposal. This proposed change is aimed at complying with the requirement in the Trans-Pacific Partnership (TPP) that customs fees not be imposed on an ad valorem basis. That said,...