ExecutiveOrdersEO
Proc 7585ProclamationG.W. Bush · R Quiet signal

Proclamation 7585

To Implement an Agreement Regarding Imports of Line Pipe Under Section 203 of the Trade Act of 1974

President George W. Bush issued Proclamation 7585 to implement a negotiated agreement with the Republic of Korea that replaces safeguard duties on circular welded carbon quality line pipe with a tariff-rate quota system. The proclamation modifies the Harmonized Tariff Schedule effective September 1, 2002, and supersedes inconsistent prior proclamations and executive orders.

Federal Register Open PDF 67 FR 56207

Impact dates

  1. HTS modifications deleted unless earlier modified or terminated

  2. Tariff-rate quota takes effect; HTS modifications effective for goods entered or withdrawn from warehouse

Key directives

  • Replace additional duties and 9000 short ton exclusion on Korean line pipe with tariff-rate quota effective September 1, 2002
  • Modify subchapter III of chapter 99 of HTS per Annex
  • Supersede inconsistent provisions of previous proclamations and Executive Orders
  • Delete HTS modifications at close of March 1, 2004 or one year from close of safeguard measure

Timeline

Immediate

  • Proclamation issued August 28, 2002
  • HTS modifications published

Near term (90d)

  • Tariff-rate quota takes effect September 1, 2002

Long term

  • Safeguard measure modifications expire March 1, 2004 or one year after safeguard measure closes

Risks & tensions

  • Potential trade dispute if quota administration perceived as unfair by Korean exporters
  • Uncertainty about exact end date: 'such other date that is 1 year from the close of the safeguard measure' creates ambiguity
Proclamation 7585: To Implement an Agreement Regarding Imports of Line Pipe Under Section 203 of the Trade Act of 1974 · Executive Orders