Page:Title 3 CFR 2002 Compilation.djvu/301

 Title 3--The President Similarly, I instruct the USTR, after receiving advice from the TPSC, to de- termine whether any particular products should be added to the list of those excluded from the safeguard measures and, if so, to publish a notice in the Federal Register in March of any year in which he receives such a recommendation to modify subchapter III of chapter 99 to exclude such particular products from the measures. I further instruct the USTR, no later than 90 days from today, to publish in the Federal Register a notice of the procedures by which interested persons may request the TPSC to rec- ommend whether to exclude a particular product. I also instruct the USTR, prior to the effective date of the safeguard meas- ures established in the Proclamation, to conduct consultations under Arti- cle 12.3 of the Agreement on Safeguards with any WTO member having a substantial interest as an exporter of a product subiect to such safeguard measures, provided that the WTO member requests such consultations in a timely fashion. I instruct the USTR to report to me on the results of such consultations. I instruct the Secretary of the Treasury, pursuant to section 505(a) of the Tariff Act of 1930 (\1779 U.S.C. \177505(a)), to prescribe by regula- tion a date no later than 45 days after today at which estimated duties for merchandise entered, or withdrawn from warehouse for consumption, on or after \1772:0\177 a.m., EST, March 20, 2002, and up to the 30th day after today, shall be deposited. I instruct the Secretary of the Treasury and the Secretary of Commerce to establish a system of import licensing to facilitate the monitoring of im- ports of certain steel products. Pursuant to the authority granted me by sec- tion 203(g) of the Trade Act to provide for the efficient and fair administra- tion of all actions taken for the purpose of providing import relief under section 203, I further instruct the Secretary of Commerce, within 120 days of the effective date of the safeguard measures established by the Proclama- tion, to publish regulations in the Federal Register establishing such a sys- tem of import licensing. I have determined that the safeguard measures will facilitate efforts by the domestic industries to make a positive adiustment to import competition and will provide greater economic and social benefits than costs. If I deter- mine that further action is appropriate and feasible to facilitate efforts by the pertinent domestic industry to make a positive adiustment to import competition and to provide greater economic and social benefits than costs, or if I determine that the conditions under section 204(b)(\177) of the Trade Act are met, I shall reduce, modify, or terminate the safeguard measures. In making this determination, I shall consider the pertinent factors set out in section 203(a)(2) of the Trade Act and, in particular, changes in capital and labor productivity in the domestic industries; actual and planned per- manent closures of inefficient steel production facilities in the United States and in other countries; consolidation of United States steel pro- ducers; capital expenditures in the domestic industries; prices for certain steel products in the United States; and the overall effect that maintaining the measure will have on consuming industries, workers, and the United States economy as a whole. 288

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