Firm News & Events
Barnes/Richardson Helps Pharmaceutical Industry Cut Tariffs
TweetJan. 8, 2007
On
As a result of the December 29 Proclamation, approximately 1300 new pharmaceutical products will be added to the Pharmaceutical Appendix to the HTSUS and accorded duty-free treatment upon entry, or withdrawal from warehouse, for consumption, into the United States on or after January 1, 2007. The European Union and
The underlying pharmaceutical tariff elimination agreement resulted from the Uruguay Round of WTO negotiations in 1994, and the participating countries agreed to update periodically the list of covered products, so that newly developed pharmaceuticals could be added to the list of products accorded duty-free treatment. The list can be found in the Pharmaceutical Appendix to the Harmonized Tariff Schedule of the
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Please contact the D.C. office of Barnes, Richardson and Colburn should you have any questions.