A bill to provide additional trade benefits to countries that comply with the provisions of the ILO Convention.
Declares that certain competitive need requirements calling for the withdrawal of duty-free treatment of articles exported to the United States from a beneficiary developing country in a quantity having an appraised value in excess of the applicable amount for the calendar year shall not apply (waiver) to an ILO eligible beneficiary country.
Authorizes the President to withdraw, suspend, or limit the designation of a country as an ILO eligible beneficiary country for purposes of the additional benefits if it is determined that: (1) the country no longer meets certain criteria qualifying it as an ILO eligible beneficiary country; or (2) imports of the article to which such benefits have been granted have increased in such amounts as to cause, or threaten to cause, injury to a domestic industry producing an article like or directly competitive with the article.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S2366-2367)
Read twice and referred to the Committee on Finance.
Sponsor introductory remarks on measure. (CR S2388)
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