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

In simple terms

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

Record & deadlines

Aug 28, 2002Signed
Signed by the President
Aug 30, 2002FR published
Published in the Federal Register · 67 FR 56207
Federal Register PDF
Mar 1, 2004
HTS modifications deleted unless earlier modified or terminated
Sep 1, 2002
Tariff-rate quota takes effect; HTS modifications effective for goods entered or withdrawn from warehouse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

Prior policy

supersedeinconsistent provisions of previous proclamations and Executive Orders

What to expect

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