ExecutiveOrdersEO
Proc 6763ProclamationClinton · D Quiet signal

Proclamation 6763

Proclamation 6763To Implement the Trade Agreements Resulting From the Uruguay Round of Multilateral Trade Negotiations, and for Other Purposes

This proclamation implements the Uruguay Round trade agreements by modifying the Harmonized Tariff Schedule of the United States, including staged duty reductions, tariff-rate quotas for agricultural products, and termination of certain quantitative restrictions. It also makes technical corrections to prior proclamations implementing NAFTA, the Andean Trade Preference Act, and the Compact of Free Association with Palau, while extending existing EC retaliatory duties to new member states.

Federal Register Open PDF 60 FR 1007

Impact dates

  1. Effective date for Annex section D(6) contingent on USTR announcement about government procurement entity coverage

  2. Effective date for Annex section D(7) announced by USTR in Federal Register notice

  3. Effective dates for Annex sections B, D(1)-(5), F, G, H, L as set forth in those sections

  4. Later of WTO Agreement entry into force or this date for wheat section 22 termination

  5. Cheese tariff-rate quota expansion delayed until this date for certain countries

  6. Most HTS modifications effective for goods entered or withdrawn from warehouse

Market exposure

Policy exposure mapping — not investment advice. Illustrative public companies are incomplete and not recommendations.

Sectors

AgricultureSteel & aluminumAutosPharmaChemicalsOther industrial

Mechanisms

TariffQuotaSubsidy / incentive

Role pressure

  • MixedImporter — Staged duty reductions lower costs for many products but new tariff-rate quotas and potential safeguard measures create barriers for agricultural imports
  • MixedDomestic producer — Agricultural producers gain quota protection and safeguard mechanisms but face competition from tariff-reduced imports; some sectors benefit from retained section 22 fees on wheat
  • MixedTrading-partner exporter — WTO members generally gain improved market access but EC faces continued retaliatory duties; certain countries face delayed cheese quota access until July 1995
  • ProtectiveDownstream manufacturer — Government procurement staged reductions may be withheld, protecting domestic suppliers if foreign coverage inadequate

Geographies

USEUMXCACHLIOTHER

Exposure dates

  • — Most HTS modifications effective for goods entered or withdrawn from warehouse
  • — Cheese tariff-rate quota expansion delayed until this date for certain countries

Illustrative public companies

Curated watchlist matches by sector/role — incomplete; not a recommendation.

MMM3MALBAlbemarleAAAlcoaAAPLAppleADMArcher Daniels MidlandBASFYBASFBGBungeCATCaterpillarCENXCentury AluminumCLFCleveland-CliffsCTVACortevaDOWDowDDDuPontLLYEli LillyFFordFCXFreeport-McMoRanGEVGE VernovaGMGeneral MotorsHONHoneywellHYMTFHyundai MotorJNJJohnson & JohnsonLYBLyondellBasellMRKMerckNVSNovartis

Confidence: high · Policy alerts

Key directives

  • Modify HTS per Annex to implement Uruguay Round tariff commitments
  • Terminate section 22 quantitative limitations and fees (except wheat, effective later September 12, 1995 or WTO entry)
  • Authorize USTR to allocate agricultural tariff-rate quotas among supplying countries
  • Authorize Secretary of Agriculture to make and publish special safeguard determinations
  • Extend EC retaliatory duties to new member states effective January 1, 1995
  • Delay cheese quota expansion until July 1, 1995 for certain countries
  • Supersede inconsistent prior proclamations and Executive orders

Who is ordered

Timeline

Immediate

  • HTS modifications effective January 1, 1995 for most provisions
  • Termination of section 22 quantitative limitations and fees (except wheat)
  • Duty-free treatment for Palau products
  • EC retaliatory duties extended to new member states

Near term (90d)

  • Cheese tariff-rate quota expansion delayed until July 1, 1995 (Section K)
  • Potential USTR determination on Government Procurement staged reductions (Section D(6)-(7))

Long term

  • Staged rate reductions under Schedule XX continuing per Annex
  • Agricultural tariff-rate quota administration ongoing
  • Potential future modifications to EC duty subheadings by USTR

Risks & tensions

  • USTR retains discretionary authority to withhold staged duty reductions if other countries fail to provide adequate government procurement coverage, creating policy uncertainty
  • Cheese quota delay with Austria, Finland, Sweden, Poland, Switzerland may provoke trade friction
  • EC retaliatory hormone-related duties maintained and extended, perpetuating long-running US-EC agricultural dispute
  • Delegation of significant authority to USTR, Secretary of Agriculture, and Secretary of Treasury concentrates implementation power in executive branch agencies
  • Potential vagueness in Annex sections not fully reproduced in proclamation text creates interpretive uncertainty
Proclamation 6763: Proclamation 6763To Implement the Trade Agreements Resulting From the Uruguay Round of Multilateral Trade Negotiations, and for Other Purposes · Executive Orders