Page:United States Statutes at Large Volume 93.djvu/283

 PUBLIC LAW 96-39—JULY 26, 1979 SEC. 502. EFFECTIVE DATES OF CERTAIN TARIFF REDUCTIONS. (a) GENERAL.—If the President determines that appropriate concessions have been received from foreign countries under trade agreements entered into before January 8, 1980, under title I of the Trade Act of 1974, then the amendments to the Tariff Schedules of the United States under sections 505, 506, 508, 509, 510, 511, 512, and 513 shall be effective with respect to articles entered, or withdrawn from warehouse, for consumption on or after the date proclaimed by the President.

93 STAT. 251 19 USC 1202 ^°^19 USC 2111. 19 USC 1202.

(b) TERMINATION OR WITHDRAWAL.—For purposes of section 125 (19 19 USC 2135

U.S.C. 2135) of the Trade Act of 1974 the amendments made under ^°'*sections 508, 511, 512, and 513 not including the rates of duty appearing in rate column numbered 2, if any, shall be considered to be trade agreement obligations entered into under the Trade Act of 1974, of benefit to foreign countries or instrumentalities. i^ USC 2101. (c) TARIFF REDUCTIONS.—For purposes of sections 101 and 601(7) of 19 USC 2iii the Trade Act of 1974 (19 U.S.C. 2111, 2481), the rates of duty in the ''°^rate column numbered 1 or 2 as the result of the amendments, if any, made under sections 505, 506, 509, 510, 511, and 514 shall be considered to be the rates of duty existing or in effect on January 1, 1975. SEC. 503. STAGING OF CERTAIN TARIFF REDUCTIONS. (a) IN GENERAL.—The aggregate reduction in the rate of duty 19 USC 2119 applicable to items described in this subsection in effect on any day " pursuant to a trade agreement entered into under section 101 of the Trade Act of 1974 before January 3, 1980, may exceed the limitation 19 USC 2111. in section 109(a) of such Act (19 U.S.C. 2119): (1) Items amended under section 223(d) of this Act to the extent that they apply to articles which the President determines were not imported into the United States before January 1, 1978, and were not produced in the United States before May 1, 1978. (2)(A) Items to the extent that they apply to articles which the President determines are not import sensitive and are the product of a least developed developing country as defined in the United Nations General Assembly list of "Least Developed Countries" and which are beneficiary developing countries under section 502 of the Trade Act of 1974. 19 USC 2462. (B) The President may at any time suspend the treatment accorded under subparagraph (A) in which case the aggregate reduction in effect for such products shall be the reduction in . - ' -• effect for countries other than least developed developing countries. (3) Item 628.57. Notwithstanding the first sentence of this subsection, the limitation in section 109(a) of the Trade Act of 19 USC 2119. 1974 may be exceeded only to the extent necessary to permit an aggregate reduction of 4.8 percent ad valorem in the rate of duty in effect under such item during the first 1-year period after the effective date of the first reduction in the rate of duty proclaimed for such item. (4) Items 132.50, 170.10, 170.15, 170.20, 177.62, 186.15, and 429.47. (5) Items 306.31, 306.32, 306.33, and 306.34. Notwithstanding subsection (a), the limitation in section 109(a) of the Trade Act of 1974 may be exceeded only to the extent necessary to permit the total reduction proclaimed under section 101 of the Trade Act of 19 USC 2111. 1974 relating to such item to take effect within 2 years after the

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