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Proc 6714--ProclamationClinton · D

Proclamation 6714--

To Amend the Generalized System of Preferences

President Clinton designated Belarus and Uzbekistan as beneficiary developing countries under the Generalized System of Preferences (GSP), adding them to the Harmonized Tariff Schedule. The tariff benefits apply to articles entered or withdrawn from warehouse for consumption on or after 15 days after Federal Register publication (August 19, 1994), making the effective date September 3, 1994.

Federal Register 59 FR 43023
No PDF available for this document.

Impact dates

  1. GSP benefits effective for articles entered or withdrawn from warehouse for consumption

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 — Belarus and Uzbekistan exporters gain preferential (reduced/zero) tariff access to US market for eligible products
  • ProtectiveImporter — US importers of Belarus/Uzbekistan goods benefit from lower tariff costs on GSP-eligible items
  • AdverseDomestic producer — US domestic producers of goods competing with Belarus/Uzbekistan imports face potential price competition from preferential tariff treatment

Geographies

USLIOTHER

Exposure dates

  • — GSP benefits effective for articles entered or withdrawn from warehouse for consumption

Illustrative public companies

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

MMM3MAAPLAppleCATCaterpillarFCXFreeport-McMoRanGEVGE VernovaHONHoneywellSPYSPDR S&P 500 ETF

Confidence: high · Policy alerts

Key directives

  • Designate Belarus as GSP beneficiary developing country
  • Designate Uzbekistan as GSP beneficiary developing country
  • Modify HTS General Note 4(a) to add Belarus and Uzbekistan alphabetically
  • Supersede inconsistent prior proclamations and Executive orders

Timeline

Immediate

  • Proclamation signed August 17, 1994
  • Published in Federal Register August 19, 1994

Near term (90d)

  • GSP benefits become effective September 3, 1994 (15 days after Federal Register publication)

Long term

  • Ongoing preferential tariff treatment for Belarus and Uzbekistan exports to US

Risks & tensions

  • Post-Soviet transition countries' eligibility for trade preferences amid democratic governance concerns
  • Potential tension with Congress over executive trade authority
Proclamation 6714--: To Amend the Generalized System of Preferences · Executive Orders