Page:United States Statutes at Large Volume 121.djvu/1504

 PUBLIC LAW 110–138—DEC. 14, 2007

121 STAT. 1483

(1) the rate of duty on that article after such termination and on or before December 31 of the year in which such termination occurs shall be the rate that, according to the Schedule of the United States to Annex 2.3 of the Agreement, would have been in effect 1 year after the provision of relief under subsection (a); and (2) the rate of duty for that article after December 31 of the year in which such termination occurs shall be, at the discretion of the President, either— (A) the applicable rate of duty for that article set forth in the Schedule of the United States to Annex 2.3 of the Agreement; or (B) the rate of duty resulting from the elimination of the tariff in equal annual stages ending on the date set forth in the Schedule of the United States to Annex 2.3 of the Agreement for the elimination of the tariff. (f) ARTICLES EXEMPT FROM RELIEF.—No import relief may be provided under this section on— (1) any article that is subject to import relief under— (A) subtitle B; or (B) chapter 1 of title II of the Trade Act of 1974 (19 U.S.C. 2251 et seq.); or (2) any article on which an additional duty assessed under section 202(b) is in effect. SEC. 314. TERMINATION OF RELIEF AUTHORITY.

(a) GENERAL RULE.—Subject to subsection (b), no import relief may be provided under this subtitle after the date that is 10 years after the date on which the Agreement enters into force. (b) EXCEPTION.—If an article for which relief is provided under this subtitle is an article for which the period for tariff elimination, set forth in the Schedule of the United States to Annex 2.3 of the Agreement, is greater than 10 years, no relief under this subtitle may be provided for that article after the date on which that period ends. SEC. 315. COMPENSATION AUTHORITY.

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 313 shall be treated as action taken under chapter 1 of title II of such Act (19 U.S.C. 2251 et seq.). SEC. 316. CONFIDENTIAL BUSINESS INFORMATION.

Section 202(a)(8) of the Trade Act of 1974 (19 U.S.C. 2252(a)(8)) is amended in the first sentence— (1) by striking ‘‘and’’; and (2) by inserting before the period at the end ‘‘, and title III of the United States-Peru Trade Promotion Agreement Implementation Act’’.

Subtitle B—Textile and Apparel Safeguard Measures SEC. 321. COMMENCEMENT OF ACTION FOR RELIEF.

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(a) IN GENERAL.—A request for action under this subtitle for the purpose of adjusting to the obligations of the United States

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