1.Generalized system of
preferences
(a)Congress
makes the following findings:
(1)The generalized
system of preferences (GSP) is an important economic tool which gives
developing countries duty free access to United States markets for certain
products.
(2)Brazil has
utilized the benefits of the generalized system of preferences to gain access
into United States markets and to increase Brazil's imports of automotive
brakes, refined copper cathodes, refined copper wires, plywood, parts of
generators, and other products.
(3)Brazil is the
third leading beneficiary under the generalized system of preferences with
respect to access into the United States markets. The total value of imports
from Brazil under the generalized system of preferences was over $3,600,000,000
in 2005.
(4)When granting
benefits under the generalized system of preferences to a country, the
President is directed to consider the country’s commitment to a liberal trade
policy.
(5)Brazil has
imposed prohibitive antidumping duties of over 100 percent against United
States and Argentine exports of polyethylene terephthalate (PET), which is a
resin widely used to make plastic packaging for soft drinks, foods, cosmetics,
and pharmaceuticals.
(6)Brazil failed to
conduct antidumping investigations properly, in apparent violation of Article
VI of the General Agreement on Tariffs and Trade 1994, giving the United States
companies no opportunity to fully defend themselves or cure alleged defects in
their responses, despite their attempts to cooperate fully.
(b)Ineligibility
for generalized system of preferences
(1)Section 502(b)(1) of the Trade Act of 1974 (19 U.S.C.
2462(b)(1)) is amended by adding at the end the following:
(J)Brazil.
.
(2)The amendment made by this subsection applies to goods
entered, or withdrawn from warehouse for consumption, on or after the 15th day
after the date of enactment of this Act.