Page:United States Statutes at Large Volume 102 Part 5.djvu/992

 102 STAT. 4998

PROCLAMATION 5805—APR. 29, 1988

NOW, THEREFORE, I, RONALD REAGAN, President of the United States of America, do hereby proclaim Friday, April 29, 1988, as National Arbor Day. I call upon the people of the United States to observe this day with appropriate programs, ceremonies, and activities. IN WITNESS WHEREOF, I have hereunto set my hand this twentyninth day of April, in the year of our Lord nineteen hundred and eightyeight, and of the Independence of the United States of America the two hundred and twelfth. RONALD REAGAN

Proclamation 5805 of April 29, 1988

Amending the Generalized System of Preferences By the President of the United States of America A Proclamation 1. Pursuant to subsections 501[1) and [4), 502(c)(2), and sections 504 and 604 of the Trade Act of 1974, as amended (the Trade Act) (19 U.S.C. 2461(1) and (4), 2462(c)(2), 2464, and 2483), I have determined that it is appropriate to terminate the preferential tariff treatment under the Generalized System of Preferences (GSP) for articles that are currently eligible for such treatment and that are imported from Hong Kong, the Republic of Korea, Singapore, and Taiwan. I have determined that these countries are sufficiently advanced in economic development and improved in trade competitiveness that continued preferential treatment under the GSP is not warranted. 2. Subsections 501(1) and (4) of the Trade Act provide that, in affording duty-free treatment under the GSP, the President shall have due regard for the effect such action will have on furthering the economic development of developing countries and the extent of the beneficiary developing country's competitiveness with respect to eligible articles. Subsection 502(c)(2) provides that, in determining whether to designate any country a beneficiary developing country under this section, the President shall take into account the level of economic development of such country. Section 504 authorizes the President to withdraw, suspend, or limit the application of duty-free treatment under the GSP with respect to any article or to any country upon consideration of the factors set forth in sections 501 and 502(c) of the Trade Act. 3. Pursuant to subsection 504(f) of the Trade Act (19 U.S.C. 2464(f)), I have determined that it is appropriate to terminate the preferential tariff treatment under the GSP for articles that are currently eligible for such treatment and that are imported from Bahrain, Bermuda, Brunei Darussalam, and Nauru. Such termination is the result of my determination that the per capita gross national product for each such country for calendar year 1985 (calculated on the basis of the best available information, including that of the World Bank) exceeds the applicable limit provided in subsection 504(f). 4. Subsection 504(f) provides that if the President determines that the per capita gross national product (calculated on the basis of the best available information, including that of the World Bank) for any benefi-

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