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 (76 FR 76808 December 8, 2011):
Trade agreement | Supply contract (equal to or exceeding) | Construction contract (equal to 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-DR (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 |