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 Proc. 7383 Title 3--The President Proclamation 7383 of December 1, 2000 To Implement Title V of the Trade and Development Act of 2000 and To Modify the Generalized System of Preferences By the President of the United States of America A Proclamation 1. Title V of the Trade and Development Act of 2000 (Public Law 106-200) (the "Act") modifies the tariff treatment of certain imported wool articles. 2. Section 501(a)(1) of the Act amends the Harmonized Tariff Schedule of the United States (HTS) to create a now heading, 9902.51.11, for imports of certain worsted wool fabrics with average fiber diameters greater than 18.5 microns. Section 501(d) of the Act limits the quantity of imports under heading 9902.51.11, on an annual basis, to 2,500,000 square meter equiva- lents or such other quantity proclaimed by the President pursuant to sec- tion 504(b)(3) of the Act. 3. Section 501(b)(1) of the Act amends the HTS to create a new heading, 9902.51.12, for imports of certain worsted wool fabrics with average fiber diameters of 18.5 microns or less. Section 501(d) of the Act limits the quan- tity of imports under heading 9902.51.12, on an annual basis, to 1,500,000 square meter equivalents or such other quantity proclaimed by the Presi- dent pursuant to section 504(b)(3) of the Act. 4. Section 501(b)(2) of the Act authorizes the President to proclaim a reduc- tion in the rate of duty applicable to imports of worsted wool fabrics classi- fied under heading 9902.51.12 of the HTS that is necessary to equalize such rate of duty with the most favored nation rate of duty applicable to imports of such worsted wool fabrics into Canada. 5. Section 501(e) of the Act provides that in implementing the limitation on the quantity of imports of worsted wool fabrics under headings 9902.51.11 and 9902.51.12 of the HTS, the President, consistent with U.S. international obligations, shall take such action as he determines appro- priate to ensure that such fabrics are fairly allocated to persons who cut and sew men's and boys' worsted wool suits and suit-type jackets and trou- sers in the United States and who apply for an allocation based on the amount of such suits cut and sewn during the prior calendar year. 6. Section 503(a) of the Act requires the President to proclaim 8-digit tariff categories for certain wool yarn and wool fabrics with an average fiber di- ameter of 18.5 microns or less, and men's or boys' suits, suit-type jackets, and trousers of worsted wool fabric, made of wool yarn with an average diameter of 18.5 microns or less. Section 503(b) of the Act authorizes the President to make conforming changes in the HTS to take into account the new tariff categories proclaimed under section 503(a). 7. Section 504(a) of the Act requires the President to monitor market condi- tions in the United States, including domestic demand, domestic supply, and increases in domestic production, of worsted wool fabrics and their components in the market for (i) men's or boys' worsted wool suits, suit- type jackets, and trousers, (ii) worsted wool fabrics and yarn used in the manufacture of such apparel articles, and (iii) wool used in the production of such fabrics and yarn. 212

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