106 STAT. 5320 PROCLAMATION 6447-JUNE 15, 1992 HTS Subheading 5404.10.40 5404.10.80 ANNEX V 1993 3.9% 3.9% 1994 3.1% 3.1% 1995 2.3% 2.3% 1996 1.5% 1.5% 1997 0.7% 0.7% 1998 Free Free Effective with respect to products of Israel which are entered, or withdrawn from warehouse for consumption, on or after January 1, 1995. For each of the following subheadings created by Annex I to this proclamation, in the Rates of Duty 1-Special subcolunm of the HTS, delete the symbol "(IL)" and the duty rate preceding it, and insert in the par«itheses following the "Free" rate the symbol "IL" in alphabetical ordo". 2908.20.15 2908.20.60 2925.20.15 2925.20.40 5404.10.40 5404.10.80 Proclamation 6447 of June 15, 1992 To Modify Duty-Free Treatment Under the Generalized System of Preferences and for Other Purposes By the President of the United states of America A Proclamation 1. Pursuant to title V of the Trade Act of 1974, as amended (the 1974 Act) (19 U.S.C. 2461, et seq.), the President may designate specified articles provided for in the Harmonized Tariff Schedule of the United States (HTS) as eligible for preferential tariff treatment under the Generalized System of Preferences (GSP) when imported from designated beneficiary developing countries. 2. Pursuant to section 504(c) of the 1974 Act (19 U.S.C. 2464(c)), beneficiary developing countries, except those designated as least-developed beneficiary developing countries pursuant to section 504(c)(6) of the 1974 Act (19 U.S.C. 2464(c)(6)), are subject to limitations on the preferential treatment afforded under the GSP. Pursuant to section 504(c)(5) of the 1974 Act (19 U.S.C. 2464(c)(5)), a country that is no longer treated as a beneficiary developing country with respect to an eligible article may be redesignated as a beneficiary developing country with respect to such article if imports of such article from such country did not exceed the limitations in section 504(c)(1) (after application of paragraph (c)(2)) during the preceding calendar year. Pursuant to section 504(d)(1) of the 1974 Act (19 U.S.C. 2464(d)(1)), the limitation provided for in section 504(c)(1)(B) of the 1974 Act (19 U.S.C. 2464(c)(1)(B)) shall not apply with respect to an eligible article if a like or directly competitive article was not produced in the United States on January 3. 1985. Further, pursuant to section 504(d)(2) of the 1974 Act (19 U.S.C. 2464(d)(2)), the President may disregard the limitation provided for in section 504(c)(1)(B) with respect to any eligible article if the appraised value of the total imports of such article into the United States during the preceding calendar year is not in excess of an amount which bears the same ratio to $5,000,000 as the gross national product of the United States for that calendar year (as determined by the Department of Commerce) bears to the gross national product of the United States for calendar year 1979.
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