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Proc 7401ProclamationClinton · D Quiet signal

Proclamation 7401

To Implement an Accelerated Schedule of Duty Elimination Under the North American Free Trade Agreement and for Other Purposes

This proclamation accelerates duty elimination schedules for specific Mexican goods under NAFTA and extends identical tariff treatment to corresponding goods from Caribbean Basin Trade Partnership Act (CBTPA) beneficiary countries. The Harmonized Tariff Schedule modifications took effect January 1, 2001, for goods entered or withdrawn from warehouse for consumption.

Federal Register Open PDF 66 FR 7375

Impact dates

  1. HTS amendments effective for goods entered or withdrawn from warehouse for consumption

Key directives

  • Modify HTS tariff treatment per Annex section 1 for NAFTA/CBTPA parity
  • Modify HTS tariff treatment per Annex section 2 for Mexico accelerated duty elimination
  • Supersede inconsistent prior proclamations and Executive orders
  • Apply amendments to goods entered or withdrawn from warehouse on or after January 1, 2001

Timeline

Immediate

  • HTS modifications effective January 1, 2001 for goods entered/withdrawn from warehouse

Near term (90d)

—

Long term

  • Accelerated duty elimination schedule runs to completion per Annex terms

Risks & tensions

  • Accelerated liberalization may face domestic industry adjustment pressures; Annex text not provided limits full assessment of scope
Proclamation 7401: To Implement an Accelerated Schedule of Duty Elimination Under the North American Free Trade Agreement and for Other Purposes · Executive Orders