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 thresholds in the Federal Register (see 76 FR 76808, published on December 8, 2011):
Trade agreement | Supply Contract (equal to or exceeding) | Service Contract (equal to or exceeding) | Construction contract (equal to or exceeding) |
WTO GPA............................................................... | $202,000 | $202,000 | $7,777,000 |
Australia FTA...................................... ........... | 77,494 | 77,494 | 7,777,000 |
Bahrain FTA.................................................... | 202,000 | 202,000 | 10,074,262 |
CAFTA-DR (Costa Rica, Dominican Republic, El | 77,494 | 77,494 | 7,777,000 |
Chile FTA.................................................... | 77,494 | 77,494 | 7,777,000 |
Morocco FTA........................................ ........... | 202,000 | 202,000 | 7,777,000 |
NAFTA: | ................. | ................. | ................. |
--Canada....................................... ........... | 25,000 | 77,494 | 10,074,262 |
--Mexico....................................... ........... | 77,494 | 77,494 | 10,074,262 |
Oman FTA....................................... ........... | 202,000 | 202,000 | 10,074,262 |
Peru FTA....................................... ........... | 202,000 | 202,000 | 7,777,000 |
Singapore FTA...................................... ........... | 77,494 | 77,494 | 7,777,000 |
Israeli Trade Act........................................................ | 50,000 | ................. | ................. |