On December 3, 2013, the United States Fashion Industry Association presented Back to Basics for Importers: Trade Policy & Classification 101. This event was geared toward professionals early in their careers, but anyone who needs a refresher on classification or wants to learn more about the key trade policy issues for 2014 could benefit from it.
Part 1: Trade Policy
USFIA Washington Counsel David Spooner with Squire Sanders provided a 60-minute overview on trade policy. This discussion will provide you with knowledge about trade policy advocacy activities in Washington and around the world as well as the tools to get involved on behalf of your company and the broader industry.
Part 2: Classification
Following the trade policy session, join Diane Weinberg, Partner at Meeks, Sheppard, Leo & Pillsbury, presented a two-hour seminar on classification.
Importers are required to exercise reasonable care in classifying merchandise under the Harmonized Tariff Schedule of the United States (“HTSUS”). Thisentry-level seminar on tariff classification focuses on the basics of tariff classification of wearing apparel and home furnishings. Although the seminar is aimed at importers and brokers who are not familiar with the HTSUS, experienced users will also benefit from the review.
The seminar reviews the structure of the HTSUS and analyze the tools used to classify merchandise such as the General Rules of Interpretation, legal notes and Explanatory Notes. Specific attention will be paid to determining the chief weight of a textile product and the product's essential character. The seminar uses “real life” examples, and companies are encouraged to submit samples for use during the seminar.