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 Proclamations Proc. 7325 memorative and educational materials to help inform the American public about our veterans' many contributions and sacrifices. The Congress, by Public Law 106-195, has authorized and requested the President to issue a proclamation in observance of the 50th anniversary of the Korean War, and by Public Law 104-19 (36 U.S.C. 127), the Congress has designated July 27, 2000, as "National Korean War Veterans Armistice Day" and has authorized and requested the President to issue a proclama- tion in observance of that day. NOW, THEREFORE, I, WILLIAM J. CLINTON, President of the United States of America, do hereby urge all Americans to observe the 50th Anni- versary of the Korean War and do hereby proclaim July 27, 2000, as Na- tional Korean War Veterans Armistice Day. I call upon all Americans to ob- serve these periods with appropriate ceremonies and activities that honor and give thanks to our distinguished Korean War veterans. I also ask Fed- eral departments and agencies and interested groups, organizations, and in- dividuals to fly the flag of the United States at half-staff on July 27, 2000, in memory of the Americans who died as a result of their service in Korea. IN WITNESS WHEREOF, I have hereunto set my hand this twenty-third day of June, in the year of our Lord two thousand, and of the Independence of the United States of America the two hundred and twenty-fourth. WILLIAM J. CLINTON Proclamation 7325 of June 29, 2000 To Modify Duty-Free Treatment Under the Generalized System of Preferences and for Other Purposes By the President of the United States of America A Proclamation 1. Pursuant to sections 501, 503(a)(1)(A), and 503(c)(1) of title V of the Trade Act of 1974, as amended (the "1974 Act") (19 U.S.C. 2461, 2463(a)(1)(A), and 2463(c)(1)), the President may designate or withdraw designation of specified articles provided for in the Harmonized Tariff Schedule of the United States (HTS) as eligible for preferential tariff treat- ment under the Generalized System of Preferences (GSP) when imported from designated beneficiary developing countries. 2. Pursuant to section 503(c)(2)(A) of the 1974 Act (19 U.S.C. 2463(c)(2)(A)), beneficiary developing countries, except those designated as least-developed beneficiary developing countries pursuant to section 503(c)(2)(D) of the 1974 Act (19 U.S.C. 2463(c)(2)(D)), are subject to com- petitive need limitations on the preferential treatment afforded under the GSP to eligible articles. 3. Pursuant to section 503(c)(2)(C) of the 1974 Act (19 U.S.C. 2463(c)(2)(C)), a country that is no longer treated as a beneficiary developing country with respect to an eligible article may be redesignated as a beneficiary devel- oping country with respect to such article if imports of such article from such country did not exceed the competitive need limitations in section 503(c)(2)(A) (19 U.S.C. 2463(c)(2)(A)) during the preceding calendar year. 115

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