Page:United States Statutes at Large Volume 90 Part 2.djvu/1637

 PROCLAMATION 4445—JUNE 11, 1976 Proclamation 4445

90 STAT. 3105 June 11, 1976

Temporary Quantitative Limitation on the Importation Into the United States of Certain Articles of Stainless Steel or Alloy Tool Steel

By the President of the United States of America A Proclamation 1. Pursuant to section 201(d)(1) of the Trade Act of 1974 (19 U.S.C. 2251 (d)(1)), hereinafter referred to as "the Trade Act", the United States International Trade Commission, hereinafter referred to as " U S I T C ", on January 16, 1976, reported to the President ( U S I T C Report 201-5) the results of its investigation under subsection (b) of section 201 of the Trade Act (19 U.S.C. 2 2 5 1 (b)). The U S I T C determined that certain articles of stainless steel or alloy tool steel provided for in items 608.52, 608.76, 608.78, 608.85, 608.88, 609.06, 609.07, and 609.08 of the Tariff Schedules of the United States (TSUS) are being imported into the United States in such increased quantities as to be a substantial cause of serious injury, or the threat thereof, to the domestic industry or industries producing articles like or directly competitive with the imported articles. The U S I T C recommended the imposition of certain quantitative restrictions on imports of the above specified articles. 2. On March 16, 1976, pursuant to section 2 0 2 (b)(1) of the Trade Act (19 U.S.C. 2 2 5 2 (b)(1)), and after taking into account the considerations specified in section 202(c) of the Trade Act (19 U.S.C. 2 2 5 2 (c)), I determined to remedy the injury or threat thereof, found to exist by the U S I T C, through the negotiation of orderly marketing agreements pursuant to section 203(a)(4) of the Trade Act (19 U.S.C. 2253(a)(4)); and announced my intention to negotiate such agreements limiting the export from foreign countries and the import into the United States of certain articles of stainless steel or alloy tool steel. I also announced my intention to unilaterally impose quantitative restrictions if satisfactory orderly marketing agreements were not negotiated successfully. O n March 16, 1976, in accordance with Section 203(b)(1) of the Trade Act (19 U.S.C. 2253(b)(1)), I transmitted a report to the Congress setting forth my determination and intention to negotiate orderly marketing agreements and stating the reasons why my decision differed from the action recommended by the U S I T C. 3. Section 2 0 3 (e)(1) of the Trade Act (19 U.S.C. 2 2 5 3 (e)(1)) requires that import relief shall be proclaimed and take effect within 90 days after a Presidential determination to negotiate orderly marketing agreements under subsection (4) or (5) of section 203(a) of the Trade Act (19 U.S.C. 2253(a)(4), (5)). 4. Pursuant to the authority vested in the President by the Constitution and the statutes of the United States, including section 2 0 3 (a)(4) of the Trade Act (19 U.S.C. 2 2 5 3 (a)(4)), an orderly marketing agreement was concluded on June 11, 1976, between the Government of the United States of America and the Government of Japan limiting the export from Japan and the import into the United States of certain articles of stainless steel (except razor blade steel) or alloy tool steel provided for in items 608.52, 608.76, 608.78, 608.85, 608.88, 609.06, 609.07, and 609.08 of the T S U S, to be implemented as set forth in this proclamation.

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