[House Document 109-70]
[From the U.S. Government Publishing Office]
109th Congress, 1st Session - - - - - - - - - - - - - House Document 109-70
NOTIFICATION TO ENTER INTO AN AGREEMENT WITH THE EUROPEAN UNION, JAPAN,
THE REPUBLIC OF KOREA, AND TAIWAN
__________
MESSAGE
from
THE PRESIDENT OF THE UNITED STATES
transmitting
NOTICE OF INTENTION TO ENTER INTO AN AGREEMENT WITH THE EUROPEAN UNION,
JAPAN, THE REPUBLIC OF KOREA, AND TAIWAN ON TARIFF TREATMENT FOR MULTI-
CHIP INTEGRATED CIRCUITS IN ACCORDANCE WITH SECTION 2103(a)(1) OF THE
TRADE ACT OF 2002
November 16, 2005.--Message and accompanying papers referred to the
Committee on Ways and Means and ordered to be printed
To the Congress of the United States:
Consistent with section 2103(a)(1) of the Trade Act of
2002, I am pleased to notify the Congress of my intention to
enter into an agreement with the European Union, Japan, the
Republic of Korea, and Taiwan on tariff treatment for multi-
chip integrated circuits. Multi-chip integrated circuits are
semiconductor devices used in computers, cell phones, and other
high-technology products.
United States-based companies are the principal suppliers
to the world of multi-chip integrated circuits. In 2004, global
sales of finished multi-chip integrated circuits were estimated
to be $4.2 billion, and U.S. semiconductor companies account
for roughly half of those sales.
The United States, the European Union, the Republic of
Korea, and Taiwan will apply zero duties on these products as
of an agreed date. The target date for entry into force of the
Agreement is January 1, 2006. Japan already applies zero duties
on these products and expects to ratify the Agreement formally
in 2006. Further, although all major producers of multi-chip
integrated circuits will be parties to the Agreement, we will
seek to build on this Agreement by joining together to work in
the World Trade Organization to increase the number of
countries granting duty-free treatment to these products.
George W. Bush.
The White House, November 14, 2005.