Trade Agreements Thresholds (DFARS Case 2012-D005)
Summary:
DCN 20120130 includes a final rule amending the Defense Federal Acquisition Regulation Supplement (DFARS) to require major contractors to report independent research and development (IR&D) projects.
Supplementary Information:
I. Background
Every two years, the trade agreements thresholds are adjusted according to a pre-determined formula set forth in the agreements. The United States Trade Representative has specified the following new
Trade Agreement | Supply contract (equal or exceeding) | Construction contract (equal or exceeding) |
WTO GPA | $202,000 | $7,777,000 |
FTAs: | ||
Australia FTA | 77,494 | 7,777,000 |
Bahrain FTA | 202,000 | 10,074,262 |
CAFTA-DDR (Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua) | 77,494 | 7,777,000 |
Chile FTA | 77,494 | 7,777,000 |
Morocco FTA | 202,000 | 7,777,000 |
NAFTA: | ||
--Canada | 25,000 | 10,074,262 |
--Mexico | 77,494 | 10,074,262 |
Peru FTA | 202,000 | 7,777,000 |
Singapore FTA | 77,494 | 7,777,000 |
II. Discussion and Analysis
This final rule implements the new thresholds in the clause prescriptions at DFARS 225.1101 and 225.7503.
Dates:
The Effective Date for this final rule is 30 January 2012.
Click here to read the entire Federal Register notice for this rule.