A bill to provide a remedy to damaging imports of men's and boys' tailored wool apparel assembled in Canada from third country fabric and imported at preferential tariff rates.
Emergency Safeguard Act of 1996 - Declares that: (1) no more than 50 percent of the total square meter equivalents of wool apparel assembled in Canada and eligible for preferential duty treatment under the North American Free Trade Agreement (NAFTA) and entered, or withdrawn from warehouse, for consumption during any year shall be tailored wool; and (2) no more than 50 percent of such sublimit shall be men's and boys' wool suits, wool sport coats, or wool slacks.
Grants nondiscriminatory (most-favored-nation) treatment of Canadian tailored wool apparel that is eligible for preferential duty treatment under NAFTA.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S8553-8555)
Read twice and referred to the Committee on Finance.
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