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Proc 6767--ProclamationClinton · D Quiet signal

Proclamation 6767--

To Amend the Generalized System of Preferences

This proclamation amends the Generalized System of Preferences (GSP) by adding Armenia as a beneficiary developing country, while removing The Bahamas and Israel due to their per capita GNP exceeding statutory limits. The changes modify the Harmonized Tariff Schedule with staggered effective dates for different provisions.

Federal Register Open PDF 60 FR 7427

Impact dates

  1. Removal of The Bahamas and Israel from GSP effective

  2. Armenia GSP modifications effective (15 days after Federal Register publication)

Market exposure

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

Sectors

Other industrial

Mechanisms

Tariff

Role pressure

  • ProtectiveTrading-partner exporter — Armenian exporters gain preferential duty-free access to US market under GSP
  • AdverseTrading-partner exporter — Bahamian and Israeli exporters lose GSP preferential tariff treatment, facing higher MFN rates
  • MixedImporter — US importers gain cheaper supply option from Armenia but face higher costs from The Bahamas and Israel

Geographies

US

Exposure dates

  • — Armenia GSP modifications effective (15 days after Federal Register publication)
  • — Removal of The Bahamas and Israel from GSP effective

Illustrative public companies

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

AAPLApple

Confidence: high · Policy alerts

Key directives

  • Designate Armenia as GSP beneficiary developing country
  • Suspend and terminate The Bahamas as GSP beneficiary due to per capita GNP exceeding limit
  • Terminate Israel as GSP beneficiary due to per capita GNP exceeding limit
  • Modify HTS General Note 4(a) to insert Armenia, delete The Bahamas and Israel
  • Modify HTS General Note 4(d) per Annex I
  • Supersede inconsistent prior proclamations and Executive orders

Timeline

Immediate

  • Proclamation signed February 3, 1995

Near term (90d)

  • Armenia GSP benefits effective ~15 days after Federal Register publication (February 7, 1995), so approximately February 22, 1995

Long term

  • Removal of The Bahamas and Israel from GSP effective July 1, 1995

Risks & tensions

  • Israel removal from GSP may carry political sensitivities despite technical GNP-based justification
  • Annex I text not provided in excerpt—specific HTS modifications remain opaque
  • Retroactive applicability to imports on or after January 1, 1976 creates complex customs administration
Proclamation 6767--: To Amend the Generalized System of Preferences · Executive Orders