CCS Trade Agreements and Programs 2

Question 1

Under USMCA, what is the minimum Regional Value Content (RVC) required for most automotive parts using the Net Cost method?

Accepted Answer

65%

Answer

55%

Answer

75%

Answer

45%

Question 2

Which of the following countries is NOT a member of CAFTA-DR?

Accepted Answer

Panama

Answer

Guatemala

Answer

Honduras

Answer

El Salvador

Question 3

The US-Korea Free Trade Agreement (KORUS) was implemented in which year?

Accepted Answer

2012

Answer

2009

Answer

2015

Answer

2007

Question 4

Under the US-Australia FTA, importers claiming preferential tariff treatment must:

Accepted Answer

Maintain records supporting the claim but no formal certificate is required

Answer

Submit a government-issued certificate of origin

Answer

Obtain prior approval from CBP before each shipment

Answer

File a binding ruling before claiming preference

Question 5

Under the US-Colombia FTA, which document can serve as a certification of origin?

Accepted Answer

A certification by the exporter, producer, or importer on any document

Answer

Only a government-issued certificate from DIAN

Answer

Only CBP Form 434

Answer

A notarized declaration by the Colombian Chamber of Commerce

Question 6

Under the US-Chile FTA, goods that have undergone a tariff classification change qualify under which rule of origin method?

Accepted Answer

Tariff Shift Rule

Answer

Regional Value Content (RVC)

Answer

Specific Manufacturing Rule

Answer

Wholly Obtained Rule

Question 7

Which US FTA partner is the only one that requires goods to be 'wholly obtained' with no tariff shift or RVC alternative for agricultural products?

Accepted Answer

Jordan

Answer

Australia

Answer

Singapore

Answer

Bahrain