Page:United States Statutes at Large Volume 91.djvu/1743

 PROCLAMATION 4477—NOV. 16, 1976

91 STAT. 1709

IN WITNESS WHEREOF, I have hereunto set my hand this fourth day of November, in the year of our Lord nineteen hundred seventy-six and of the Independence of the United States of America the two hundred and first. GERALD R. FORD

Proclamation 4477

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November 16, 1976

Modification of Temporary Quantitative Limitations on the Importation into the United States of Certain Articles of Alloy Tool Steel

By the President of the United States A Proclamation 1. On January 16, 1976, the United States International Trade Commission (USITC) reported to the President the results of its investigation under section 201 (b) of the Trade Act of 1974 (19 U.S.C. 2251 (b)) (the Trade Act). 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) were 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. 2. 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 TSUS. 3. On June 11, 1976, by Proclamation 4445,1 proclaimed, pursuant to the Con- 90 Stat. 3105. stitution and the statutes of the United States (including section 203 of the Trade Act), the imposition of temporary quantitative limitations on the importation into the 19 USC 2253. United States of certain articles of stainless steel or alloy tool steel. These limitations were effective as to those articles entered, or withdrawn from warehouse, for consumption on or after June 14, 1976, and are to continue for a period of three years from that date unless earlier modified, or terminated. 4. Alloy "tool steel", as that term is defined in statistical headnote 1 (a) of subpart B, part 2, schedule 6 of the TSUS, was included in the finding of the USITC. Steel, so 19 USC 1202. defined, was made subject to the quantitative limitations established by Proclamation 4445, in item 923.24. Subsequent to the issuance of that proclamation I have ascertained that certain alloy tool steel having a chemical composition within the specifications of new headnote 2(a) (iv) proclaimed in paragraph A(iil) below had not either consistently or substantially been historically reported in import statistics as alloy tool steel prior to June 14, 1976. Therefore, the statistics used as a basis for establishing the quantitative limitations for item 923.24 are inaccurate, and the quota quantity provided for that category is substantially understated.

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