Page:United States Statutes at Large Volume 103 Part 3.djvu/1076

 103 STAT. 3144 PROCLAMATION 6058—OCT. 31, 1989 Proclamation 6058 of October 31, 1989 To Amend the Generalized System of Preferences By the President of the United States of America A Proclamation I- 1. Section 1903 of the Omnibus Trade and Competitiveness Act of 1988 (the 1988 Act) (Public Law No. 100-418, 102 Stat. 1313) amends section 503(c)(1)(B) of the Trade Act of 1974 (the 1974 Act) (19 U.S.C. 2463(c)(1)(B)) to provide for the continued exclusion of watches as eligi- ble articles under the Generalized System of Preferences (GSP) except V those watches entered after June 30, 1989, that the President specifical- ly determines, after public notice and comment, will not cause material injury to watch or watch band, strap, or bracelet manufactming and as- sembly operations in the United States or the United States insular possessions. 2. Pursuant to Title V of the 1974 Act, as amended (19 U.S.C. 2461 et seg.], the President may designate specified articles provided for in the Harmonized Tariff Schedule of the United States (HTS) as eligible for preferential tariff treatment under the GSP when imported from desig- nated beneficiary developing countries. 3. Pursuant to section 503(c)(1)(B) of the 1974 Act, as amended, I have determined that the addition of certain specified watches (HTS sub- headings in Aimex I to this Proclamation) as articles eligible for prefer- ential treatment under the GSP will not cause material injury to watch or watch band, strap, or bracelet manufacturing and assembly oper- ations in the United States or the United States insular possessions. 4. Pursuant to sections 501 and 503(a) of the 1974 Act (19 U.S.C. 2461 and 2463(a)), I have determined, after taking into account information and advice received under section 503(a) of the 1974 Act, that it is ap- ^ propriate to designate certain specified watches provided for in the HTS as eligible for preferential treatment under the GSP. 5. Section 201(a) of the United States-Canada Free-Trade Agreement Implementation Act of 1988 (the Implementation Act) (Public Law No. 100-449,102 Stat. 1851) authorizes the President to proclaim such modi- fications or continuance of any existing duties, such continuance of ex- isting duty-free or excise treatment, or such additional duties, as the President determines are necessary or appropriate to carry out Article 401 of the United States-Canada Free-Trade Agreement and the sched- ule of duty reductions with respect to goods originating in the territory of Canada set forth in Annexes 401.2 and 401.7 to the Agreement. 6. Pursuant to section 201(a) of the Implementation Act, I have deter- mined that it is necessary to provide for the continued staged reduction . in duties on certain goods originating in the territory of Canada. 7. Section 604 of the 1974 Act (19 U.S.C. 2483) authorizes the President to embody in the HTS the substance of the provisions of that Act, and of other Acts affecting import treatment, and actions thereunder. NOW, THEREFORE, I, GEORGE BUSH, President of the United States of America, acting under the authority vested in me by the Constitution and the statutes of the United States, including but not limited to Title

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