CBLE CBLE Trade Agreements and Free Trade Programs 2

Question 1

What CBP form is used to claim preferential duty treatment under a free trade agreement at time of entry?

Accepted Answer

CF-7501 with appropriate indicator

Answer

The importer claims FTA preferential treatment on CBP Form 7501 by entering the appropriate Special Program Indicator (SPI) in the rate column.

Question 2

Under the U.S.-Korea Free Trade Agreement (KORUS), which document can be used as a certification of origin?

Accepted Answer

A certification by the exporter, producer, or importer

Answer

KORUS allows a certification of origin to be prepared by the exporter, producer, or importer — no specific government-issued form is required.

Question 3

What is the standard record retention period for FTA preference claims under U.S. law?

Accepted Answer

5 years

Answer

Importers must retain records supporting FTA preference claims for five years from the date of entry under 19 CFR Part 163.

Question 4

Which program provides duty preferences for eligible goods from sub-Saharan African countries?

Accepted Answer

AGOA

Answer

The African Growth and Opportunity Act (AGOA) provides eligible sub-Saharan African countries with duty-free access to the U.S. market.

Question 5

Under USMCA, what is the regional value content (RVC) threshold for passenger vehicles to qualify as originating?

Accepted Answer

75%

Answer

Under USMCA, passenger vehicles must meet a 75% regional value content threshold (phased in) to qualify as originating.

(CBLE) Customs Broker License Exam Practice Test