“(a) Tariff Modifications Provided for in the Agreement.—The President may proclaim—“(1) such modifications or continuation of any duty,
“(2) such continuation of duty-free or excise treatment, or
“(3) such additional duties,
as the President determines to be necessary or appropriate to carry out or apply articles 2.3, 2.5, and 2.6, and Annex 2–B of the Agreement.
“(b) Other Tariff Modifications.—Subject to the consultation and layover provisions of section 104, the President may proclaim—“(1) such modifications or continuation of any duty,
“(2) such modifications as the United States may agree to with Australia regarding the staging of any duty treatment set forth in Annex 2–B of the Agreement,
“(3) such continuation of duty-free or excise treatment, or
“(4) such additional duties,
as the President determines to be necessary or appropriate to maintain the general level of reciprocal and mutually advantageous concessions with respect to Australia provided for by the Agreement.
“(c) 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 2–B 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.
Take Action
Your position
Add a comment
to comment on this section.
Annotate the text
Highlight any passage on the Full Text tab to attach a note. Annotations appear on the Annotations tab.