Tariff modifications provided for in the Agreement
Proclamation authority
Effect on GSP status
19 U.S.C. 2462(a)(1)19 U.S.C. 2461Notwithstanding section 502(a)(1) of the Trade Act of 1974 (), the President shall terminate the designation of each CAFTA–DR country as a beneficiary developing country for purposes of title V of the Trade Act of 1974 [ et seq.] on the date the Agreement enters into force with respect to that country.
Effect on CBERA status
In general
19 U.S.C. 2702(a)19 U.S.C. 2701Notwithstanding section 212(a) of the Caribbean Basin Economic Recovery Act (), the President shall terminate the designation of each CAFTA–DR country as a beneficiary country for purposes of that Act [ et seq.] on the date the Agreement enters into force with respect to that country.
Exception
Other tariff modifications
Conversion to ad valorem rates
For purposes of subsections (a) and (b), with respect to any good for which the base rate in the Schedule of the United States to Annex 3.3 of the Agreement is a specific or compound rate of duty, the President may substitute for the base rate an ad valorem rate that the President determines to be equivalent to the base rate.
Pub. L. 109–53, title II, § 201119 Stat. 467(, , .)
Termination of Section
section 107(d) of Pub. L. 109–53For termination of section by , see Effective and Termination Dates note below.
Editorial Notes
References in Text
Pub. L. 93–61888 Stat. 1978section 2101 of this titleThe Trade Act of 1974, referred to in subsec. (a)(2), is , , . Title V of the Act is classified generally to subchapter V (§ 2461 et seq.) of chapter 12 of this title. For complete classification of this Act to the Code, see and Tables.
Pub. L. 98–6797 Stat. 384section 2701 of this titleThe Caribbean Basin Economic Recovery Act, referred to in subsec. (a)(3)(A), is title II of , , , which is classified principally to chapter 15 (§ 2701 et seq.) of this title. For complete classification of this Act to the Code, see Short Title note set out under and Tables.
Statutory Notes and Related Subsidiaries
Effective and Termination Dates
section 107 of Pub. L. 109–53section 4001 of this titleSection effective on the date the Dominican Republic-Central America-United States Free Trade Agreement enters into force () and to cease to have effect on the date the Agreement ceases to be in force with respect to the United States, and, during any period in which a country ceases to be a CAFTA–DR country, to cease to have effect with respect to such country, see , set out as a note under .