Proclamation Issued on July 1st GSP Changes, GSP for Suspended India/Pakistan items, GSP for Serbia and Montenegro, HTS Changes for NAFTA/CBTPA, Etc.
On June 29, 2005, President Bush issued Proclamation 7912 to "modify duty-free treatment under the Generalized System of Preferences and certain rules of origin under the North American Free Trade Agreement, and for other purposes."
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This is Part I of a series of summaries on this proclamation, and highlights certain aspects of its text. See future issues of International Trade Today for summaries covering other aspects of its text, as well as its annexes.
According to the text of the proclamation (partial list):
- The Rates of Duty 1-Special subcolumn of certain U.S. Harmonized Tariff Schedule (HTS) subheadings is modified in order to designate certain articles as eligible articles for GSP.
- The nomenclature of certain existing HTS subheadings is amended and subdivided in order to designate certain articles as GSP eligible.
- General note 4(a) to the HTS is modified to reflect the addition of Serbia and Montenegro as a beneficiary country under the GSP, and to reflect the decision to treat current qualifying members of the South Asian Association for Regional Cooperation (SAARC) as one country for purposes of GSP.
- General note 4(d) is modified in order to (1) designate or redesignate one or more countries that have not been treated as GSP beneficiaries with respect to one or more eligible articles, (2) terminate the suspensions of India's and Pakistan's GSP eligibility for certain articles, and (3) no longer treat one or more countries as GSP beneficiary countries with respect to one or more eligible articles.
- HTS general note 12 is modified in order to modify certain NAFTA rules of origin.
Proclamation 7912 (dated 06/30/05) available at http://a257.g.akamaitech.net/7/257/2422/30jun20050800/edocket.access.gpo.gov/2005/pdf/05-13182.pdf