A bill to provide for the continued treatment of Mexican plywood as a designated eligible article under the generalized system of preferences established by the Trade Act of 1974.

Stipulates that imported Mexican plywood shall remain eligible for duty-free treatment, even though the President determines that the quantity of plywood from Mexico exceeds 50 percent of the total U.S. imports of plywood which would ordinarily make Mexican plywood ineligible for such duty-free treatment.