96 STAT. 2332
Publication in Federal Register.
Territorial shares.
Allocations.
PUBLIC LAW 97-446—JAN. 12, 1983
mission pursuant to paragraph (d) of this headnote), whichever is greater; "(II) be decreased by more than 10 percent of the quantity established for the immediately preceding calendar year; and "(III) be increased to more than 7,000,000 units, or by more than 20 percent of the quantity established for the immediately preceding calendar year, whichever is greater. "(e) On or before April 1 of each calendar year (beginning with the first year in which watch imports from the United States insular possessions exceed 9,000,000 units), the International Trade Commission shall determine the apparent United States consumption of watches and watch movements (including solid state timepieces) during the preceding calendar year, shall report such determination to the Secretaries, and shall publish such determination in the Federal Register. "(f)(i) In calendar year 1983, not more than 3,000,000 units of the total quantity of articles described in paragraph (d) which may be entered free of duty shall be the product of the Virgin Islands, not more than 1,200,000 imits shall be the product of Guam, and not more than 600,000 units shall be the product of American Samoa, "(ii) For calendar year 1984 and thereafter, the Secretaries may establish new territorial shares of the total amount which may be entered free of duty, taking into account the capacity of each territory to produce and ship its assigned amounts. A territory's share in any year shall not be reduced— "(I) by more than 200,000 units in calendar year 1984 or 1985, and "(II) by more than 500,000 units in calendar year 1986 or thereafter, except that no territorial share shall be established at less than 500,000 units. "(g) The Secretaries, acting jointly, shall allocate the calendar year duty exemptions provided by paragraphs (b), (d), and (f) of this headnote on a fair and equitable basis among producers located in the insular possessions, and shall issue appropriate licenses therefor. Allocations made by the Secretaries shall be final. In making the allocations, the Secretaries shall consider the potential impact of territorial production on domestic production of like articles and shall establish allocation criteria (including minimum assembly requirements) that will reasonably maximize the net amount of direct economic benefits to the insular possessions. "(h)(i) In the case of each calendar year beginning after December 31, 1982, and before Jemuary 1, 1995, the Secretaries, acting jointly, shall"(I) verify the wages paid by each producer to permanent residents of the insular possessions during the preceding calendar year, and "(II) issue to each producer (not later than March 1 of such year) a certificate for the applicable amount, "(ii) For purposes of subparagraph (i), except as provided in subparagraphs (iii) and (iv), the term 'applicable amount' means an amount equal to the sum of— "(I) 90 percent of the producer's creditable wages on the assembly during the preceding calendar year of the first 300,000 units, plus "(II) the applicable graduated declining percentage (determined each year by the Secreteries) of the producer's crediteble
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