Page:United States Statutes at Large Volume 104 Part 1.djvu/689

 PUBLIC LAW 101-382—AUG. 20, 1990 104 STAT. 655 TITLE II—CARIBBEAN BASIN ECONOMIC ^^^^^ ^asin Recovery Expansion Act of 1990. RECOVERY Subtitle A—Short Title and Findings SEC. 201. SHORT TITLE. This title may be cited as the "Caribbean Basin Economic Recovery Expansion Act of 1990". SEC. 202. CONGRESSIONAL FINDINGS. The Congress finds that— (1) a stable political and economic climate in the Caribbean region is necessary for the development of the countries in that region and for the security and economic interests of the United States; (2) the Caribbean Basin Economic Recovery Act was enacted in 1983 to assist in the achievement of such a climate by stimulating the development of the export potential of the region; and (3) the commitment of the United States to the successful development of the region, as evidenced by the enactment of the Caribbean Basin Economic Recovery Act, should be reaffirmed, and further strengthened, by amending that Act to improve its operation. Subtitle B—Amendments to the Caribbean Basin Economic Recovery Act and Related Provisions PART 1—AMENDMENTS TO CARIBBEAN BASIN ECONOMIC RECOVERY ACT SEC. 211. REPEAL OF TERMINATION DATE ON DUTY-FREE TREATMENT UNDER THE ACT. Section 218 of the Caribbean Basin Economic Recovery Act (19 U.S.C 2706(b)) is repealed. SEC. 212. DUTY REDUCTION FOR CERTAIN LEATHER-RELATED PRODUCTS. (a) IN GENERAL. — Section 213 of the Caribbean Basin Economic Recovery Act (19 U.S.C. 2703) is amended by adding at the end thereof the following new subsection: "(h)(1) Subject to paragraph (2), the President shall proclaim reductions in the rates of duty on handbags, luggage, flat goods, work gloves, and leather wearing apparel that— "(A) are the product of any beneficiary country; and "(B) were not designated on August 5, 1983, as eligible articles for purposes of the generalized system of preferences under title V of the Trade Act of 1974. "(2) The reduction required under paragraph (1) in the rate of duty on any article shall— "(A) result in a rate that is equal to 80 percent of the rate of duty that applies to the article on December 31, 1991, except 19 USC 2701 note. 19 USC 2701 note. President of U.S.

�