Page:United States Statutes at Large Volume 108 Part 6.djvu/1031

 PROCLAMATION 6704-JUNE 30, 1994 108 STAT. 5599 Generalized System of Preferences ("GSP") when imported from designated beneficiary developing countries. Pursuant to section 504(a)(1) of the 1974 Act (19 U.S.C. 2464(a)(1)), the President may withdraw, suspend, or limit the application of duty-free treatment accorded under section 501 of the 1974 Act (19 U.S.C. 2461) with respect to any article or with respect to any country, after considering the factors set forth in sections 501 and 502(c) of the 1974 Act (19 U.S.C. 2462(c)). Pursuant to section 504(c) of the 1974 Act (19 U.S.C. 2464(c)), beneficiary developing countries, except those designated as least-developed beneficiary developing countries pursuant to section 504(c)(6) of the 1974 Act, are subject to limitations on the preferential treatment afforded under the GSP. Pursuant to section 504(c)(5) of the 1974 Act, a country that is no longer treated as a beneficiary developing country with respect to an eligible article may be redesignated as a beneficiary developing country with respect to such article if imports of such article from such country did not exceed the limitations in section 504(c)(1) (after application of paragraph (c)(2)) during the preceding calendar year. Further, pursuant to section 504(d)(2) of the 1974 Act (19 U.S.C. 2464(d)(2), the President may disregard the limitations provided in section 504(c)(1)(B) with respect to any eligible article if the appraised value of the total imports of such article into the United States during the preceding calendar year is not in excess of an amount that bears the same ratio to $5,000,000 as the gross national product of the United States for that calendar year (as determined by the Department of Commerce) bears to the gross national product of the United States for calendar year 1979. 2. Pursuant to sections 501, 503(a), and 504(a) of the 1974 Act (19 U.S.C. 2461, 2463(a), and 2464(a)), in order to subdivide and amend the nomenclatiue of existing provisions of the HTS to modify tariff treatment under the GSP, I have determined, after taking into account information and advice received under section 503(a), that the HTS should be modified to adjust the original designation of eligible articles. In addition, pursuant to title V of the 1974 Act, I have determined that it is appropriate to designate specified articles provided for in the HTS as eligible for preferential tariff treatment under the GSP when imported from designated beneficiary developing countries, and that such treatment for other articles should be terminated. I have also determined, pursuant to section 504(a)(1) of the 1974 Act, having considered the factors set forth in sections 501 and 502(c) of the 1974 Act, and pursuant to sections 504(c)(1) and (c)(2) of the 1974 Act, that certain beneficiary countries should not receive preferential tariff treatment under the GSP with respect to certain eligible articles. Further, I have determined, pursuant to section 504(c)(5) of the 1974 Act, that certain countries should be redesignated as beneficiary developing countries with respect to certain eligible articles. These countries have been previously excluded from benefits of the GSP with respect to such eligible articles pursuant to section 504(c)(1) of the 1974 Act. Last, I have determined that section 504(c)(1)(B) of the 1974 Act should not apply with respect to certain eligible articles pursuant to section 504(d)(2) of the 1974 Act. 3. Proclamation 6641 of December 15, 1993, implemented the North American Free Trade Agreement. Certain conforming changes and technical corrections to the HTS were omitted from this proclamation.

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