Page:United States Statutes at Large Volume 115 Part 1.djvu/271

 PUBLIC LAW 107-43—SEPT. 28, 2001 115 STAT. 249 (2) an increase in the rate of duty imposed on such article to a level that does not exceed the lesser of— (A) the column 1 general rate of duty imposed under the HTS on like articles at the time the import relief is provided; or (B) the column 1 general rate of duty imposed under the HTS on like articles on the day before the date on which the Agreement enters into force; or (3) in the case of a duty applied on a seasonal basis to that article, an increase in the rate of duty imposed on the article to a level that does not exceed the column 1 general rate of duty imposed under the HTS on the article for the corresponding season occurring immediately before the date on which the Agreement enters into force. (d) PERIOD OF RELIEF. —The import relief that the President is authorized to provide under this section may not exceed 4 years. \ (e) RATE AFTER TERMINATION OF IMPORT RELIEF. —W hen import relief under this subtitle is terminated with respect to an article— (1) the rate of duty on that article after such termination and on or before December 31 of the year in which termination occurs shall be the rate that, according to the United States Schedule to Annex 2.1 of the Agreement for the staged elimination of the tariff, would have been in effect 1 year after the initiation of the import relief action under section 211; and (2) the tariff treatment for that article after December 31 of the year in which termination occurs shall be, at the discretion of the President, either— (A) the rate of duty conforming to the applicable rate set out in the United States Schedule to Annex 2.1; or (B) the rate of duty resulting from the elimination of the tariff in equal annual stages ending on the date set out in the United States Schedule to Annex 2.1 for the elimination of the tariff. SEC. 214. TERMINATION OF RELIEF AUTHORITY. 19 USC 2112 (a) GENERAL RULE.— Except as provided in subsection (b), no import relief may be provided under this subtitle after the date that is 15 years after the date on which the Agreement enters into force. (b) EXCEPTION. —Import relief may be provided under this subtitle in the case of a Jordanian article after the date on which such relief would, but for this subsection, terminate under subsection (a), but only if the Government of Jordan consents to such provision. SEC. 215. COMPENSATION AUTHORITY. 19 USC 2112 For purposes of section 123 of the Trade Act of 1974 (19 U.S.C. 2133), any import relief provided by the President under section 213 shall be treated as action taken under chapter 1 of title II of such Act. SEC. 216. SUBMISSION OF PETITIONS. 19 USC 2112 A petition for import relief may be submitted to the Commission under— (1) this subtitle; (2) chapter 1 of title II of the Trade Act of 1974; or

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