114 STAT. 3340 PROCLAMATION 7325-^JUNE 29, 2000 NOW, THEREFORE, I, WILLIAM J. CLINTON, President of the United States of America, do hereby urge all Americans to observe the 50th Anniversary of the Korean War and do hereby proclaim July 27, 2000, as National Korean War Veterans Armistice Day. I call upon all Americans to observe these periods with appropriate ceremonies and activities that honor and give thanks to our distinguished Korean War veterans. I also ask Federal departments and agencies and interested groups, organizations, and individuals to fly the flag of the United States at half-staff on July 27, 2000, in memory of the Americans who died as a result of their service in Korea. IN WITNESS WHEREOF, I have hereunto set my hand this twenty- third day of June, in the year of our Lord two thousand, and of the Independence of the United States of America the two hundred and twenty-fourth. WILLIAM J. CLINTON Proclamation 7325 of June 29, 2000 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 sections 501, 503(a)(1)(A), and 503(c)(1) of title V of the Trade Act of 1974, as amended (the "1974 Act") (19 U.S.C. 2461, 2463(a)(1)(A), and 2463(c)(1)), the President may designate or withdraw designation of 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 503(c)(2)(A) of the 1974 Act (19 U.S.C. 2463(c)(2)(A)), beneficiary developing countries, except those designated as least-developed beneficiary developing countries pursuant to section 503(c)(2)(D) of the 1974 Act (19 U.S.C. 2463(c)(2)(D)), are subject to competitive need limitations on the preferential treatment af- forded under the GSP to eligible articles. 3. Pursuant to section 503(c)(2)(C) of the 1974 Act (19 U.S.C. 2463(c)(2)(C)), 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 competitive need limitations in section 503(c)(2)(A) (19 U.S.C. 2463(c)(2)(A)) during the preceding calendar year. 4. Pursuant to section 503(c)(2)(F) of the 1974 Act (19 U.S.C. 2463(c)(2)(F)), the President may disregard the competitive need limitation provided in section 503(c)(2)(A)(i)(n) of the 1974 Act (19 U.S.C. 2463(c)(2)(A)(i)(n)) 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 does not exceed an amount set forth in section 503(c)(2)(F)(ii) of the 1974 Act (19 U.S.C. 2463(c)(2)(F)(ii)).
�
