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MemoMemorandumClinton · D

Presidential Memorandum

Imposition of Prohibitions Pursuant to Section 8(a)(4) of the Fishermen's Protective Act of 1967, as Amended

President Clinton directed the Secretary of the Treasury, in consultation with the Secretary of the Interior, to prohibit the importation of fish and wildlife products from Taiwan under the Fishermen's Protective Act of 1967. The prohibition covers reptile leather goods, coral jewelry, edible frogs' legs, aquarium fish, and bird feathers/products, effective 10 days after Federal Register publication, and remains until the President determines otherwise.

Federal Register 59 FR 40463
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Impact dates

  1. Import prohibitions take effect for exports to US from Taiwan

Market exposure

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

Sectors

AgricultureOther industrial

Mechanisms

Ban / prohibition

Role pressure

  • AdverseTrading-partner exporter — Taiwanese exporters of fish and wildlife products lose access to US market for reptile leather, aquarium fish, coral jewelry, frogs' legs, and bird products
  • AdverseImporter — US importers must cease sourcing specified fish and wildlife products from Taiwan or face prohibition
  • ProtectiveDomestic producer — US producers of substitute goods (reptile leather alternatives, domestic aquarium fish, synthetic coral jewelry) may benefit from reduced competition

Geographies

USTW

Exposure dates

  • — Import prohibitions take effect for exports to US from Taiwan

Illustrative public companies

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

MMM3MAAPLAppleADMArcher Daniels MidlandBGBungeCATCaterpillarCTVACortevaFCXFreeport-McMoRanGEVGE VernovaHONHoneywellSPYSPDR S&P 500 ETFTSNTyson Foods

Confidence: high · Policy alerts

Key directives

  • Prohibit importation of fish or wildlife and their parts and products from Taiwan
  • Consult with Secretary of the Interior
  • Publish memorandum in Federal Register

Who is ordered

Timeline

Immediate

  • Memorandum issued August 2, 1994
  • Decision to prohibit made April 11, 1994

Near term (90d)

  • Import prohibitions take effect 10 days after Federal Register publication (published August 9, 1994, so effective August 19, 1994)

Long term

  • Prohibitions remain in effect until President determines otherwise (no fixed end date)

Risks & tensions

  • Trade friction with Taiwan over wildlife protection enforcement
  • Indefinite duration creates uncertainty for affected traders
  • Potential WTO/GATT compatibility questions given unilateral trade restriction
Presidential Memorandum: Imposition of Prohibitions Pursuant to Section 8(a)(4) of the Fishermen's Protective Act of 1967, as Amended · Executive Orders