Page:United States Statutes at Large Volume 100 Part 5.djvu/945

 PROCLAMATION 5453—MAR. 31, 1986 1. Effective January 1, 1987: 407.11 407.13 407.17 407.19 413.52 413.54 432.26 432.28

100 STAT. 4419

- " ' '^ J*^' ' > tji . 3% ad vaL, but not less than the highest rate applicable to component material 3% ad val., but not less than the highest rate applicable to component material 0.7^ per lb. + 5.4% ad val., but not less than the highest applicable to any component material 0.7$ per lb. + 5.4% ad val., but not less than the highest applicable to any component material 4% ad val, but not less than the highest rate applicable to component material 4% ad val., but not less than the highest rate applicable to component material 1.5% ad val, but not less than the highest rate applicable to component material 1.5% ad val., but not less than the highest rate applicable to component material

Proclamation 5453 of March 31, 1986

Amending the Generalized System of Preferences

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By the President of the United States of America A Proclamation 1. Pursuant to Title V of the Trade Act of 1974, as amended (the Trade Act) [19 U.S.C. 2461 et seq.], in Proclamation 5365 of August 30, 1985 [50 FR 36220), I designated specified articles provided for in the Tariff Schedules of the United States [TSUS) (19 U.S.C. 1202) as eligible for preferential tariff treatment under the Generalized System of Preferences (GSP) when imported from designated beneficiary developing countries. I also designated certain such countries as least-developed beneficiary developing countries, pursuant to section 504(c)(6) of the Trade Act, as amended [19 U.S.C. 2464(c)(6)), in order to afford such preferential tariff treatment without regard to the limitations imposed in section 504(c), as amended. 2. Pursuant to section 504(c) of the Trade Act, as amended, those beneficiary countries not designated as least-developed beneficiary developing countries are subject to limitations on the preferential treatment afforded under the GSP. Pursuant to section 504(c)(5) of the Trade Act, as amended, a country which has not been treated as a beneficiary developing country with respect to an eligible article may be redesignated with respect to such article, if imports of such article from such country did not exceed the limitations in section 504(c)(1) during the preceding calendar year. Further, pursuant to section 504(d)(1) of the Trade Act, as amended (19 U.S.C. 2464(d)(1)), the limitation provided in section 504(c)(1)(B) shall not apply with respect to an eligible article if a like or directly competitive article was not produced in the United States on January 3, 1985. 3. I have determined, pursuant to section 504(a) and (c)(1) of the Trade Act, that certain beneficiary developing countries should no longer receive preferential tariff treatment under the GSP with respect to certain previously designated eligible articles. I have also determined, pursuant to section 504(c)(5) of the Trade Act, that certain countries should be redesignated as beneficiary developing countries with respect to specified previously designated eligible articles. These countries have been excluded from the benefits of the GSP with respect to such eligible articles pursuant to section 504(c)(1) of the Trade Act. Further, I have determined that section 504(c)(1)(B) of the Trade Act should not apply with respect to certain eligible articles because no like or directly competitive article was produced in the United States on January 3, 1985.

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