Page:United States Statutes at Large Volume 121.djvu/1477

 121 STAT. 1456

PUBLIC LAW 110–138—DEC. 14, 2007

Sec. Sec. Sec. Sec. Sec. Sec.

323. 324. 325. 326. 327. 328.

Period of relief. Articles exempt from relief. Rate after termination of import relief. Termination of relief authority. Compensation authority. Confidential business information.

Subtitle C—Cases Under Title II of the Trade Act of 1974 Sec. 331. Findings and action on goods of Peru. TITLE IV—PROCUREMENT Sec. 401. Eligible products. TITLE V—TRADE IN TIMBER PRODUCTS OF PERU Sec. 501. Enforcement relating to trade in timber products of Peru. Sec. 502. Report to Congress. TITLE VI—OFFSETS Sec. 601. Customs user fees. Sec. 602. Time for payment of corporate estimated taxes. SEC. 2. PURPOSES.

The purposes of this Act are— (1) to approve and implement the free trade agreement between the United States and Peru entered into under the authority of section 2103(b) of the Bipartisan Trade Promotion Authority Act of 2002 (19 U.S.C. 3803(b)); (2) to strengthen and develop economic relations between the United States and Peru for their mutual benefit; (3) to establish free trade between the United States and Peru through the reduction and elimination of barriers to trade in goods and services and to investment; and (4) to lay the foundation for further cooperation to expand and enhance the benefits of the Agreement. SEC. 3. DEFINITIONS.

In this Act: (1) AGREEMENT.—The term ‘‘Agreement’’ means the United States-Peru Trade Promotion Agreement approved by Congress under section 101(a)(1). (2) COMMISSION.—The term ‘‘Commission’’ means the United States International Trade Commission. (3) HTS.—The term ‘‘HTS’’ means the Harmonized Tariff Schedule of the United States. (4) TEXTILE OR APPAREL GOOD.—The term ‘‘textile or apparel good’’ means a good listed in the Annex to the Agreement on Textiles and Clothing referred to in section 101(d)(4) of the Uruguay Round Agreements Act (19 U.S.C. 3511(d)(4)), other than a good listed in Annex 3–C of the Agreement.

TITLE I—APPROVAL OF, AND GENERAL PROVISIONS RELATING TO, THE AGREEMENT SEC. 101. APPROVAL AND ENTRY INTO FORCE OF THE AGREEMENT.

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(a) APPROVAL OF AGREEMENT AND STATEMENT OF ADMINISTRATIVE ACTION.—Pursuant to section 2105 of the Bipartisan Trade Promotion Authority Act of 2002 (19 U.S.C. 3805) and section 151 of the Trade Act of 1974 (19 U.S.C. 2191), Congress approves—

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