For the first time, the United States Government will separately monitor the import of refined copper wire of less than 3 millimeters (3mm) in cross-sectional diameter. This change will go into effect on July 1, 2012.
Why is this important? As new products are introduced to the market and current ones change in form, size and/or composition, it is important that the classificiations of the U.S. Harmonized Tariff Schedule (HTS) keep pace. For example, several types of organic food products are now classified separately from those that are not organic. “Pinched-seal” plastic bags are now classified separately from other plastic bags. And the list goes on!
This new statistical breakout will aid in monitoring and reporting specific trade activities pertinent to the product. This is necessary to avoid any harm to the U.S. domestic industry from U.S. imports and to identify more specific U.S. market opportunities, especially for developing country producers.
Previously, refined copper wire of less than 3mm in cross sectional diameter was classified under HTS 7408.19.00, which is a basket category for refined copper wire of cross-sectional diameter equal to or less than 6mm. Because the basket category covered a wide range of products, U.S. Customs and Border Protection could not collect specific trade value and volume data just for the products now in the new subheading. This made it difficult to monitor the trade of refined copper less than 3mm in cross-sectional diameter. However, with the new breakout, it will be possible to collect specific trade data on this product.
This is great news for companies, especially in developing countries, that produce, export, or seek to export refined copper wire of less than 3mm in cross-sectional diameter to the United States. Sandler Trade LLC, together with Brazilian firm Kaduna Consultoria, is proud to have played a leading role in achieving such an outcome. We would also like to thank the U.S. International Trade Commission and other trade agency officials for approving this change.
Sandler Trade LLC is indeed making international trade happen!