[House Document 112-121]
[From the U.S. Government Publishing Office]



112th Congress, 2d Session - - - - - - - - - - - - House Document 112-121


 
TERMINATION OF GIBRALTAR AND TURKS AND CAICOS AS BENEFICIARY DEVELOPING 
     COUNTRIES UNDER THE GENERALIZED SYSTEM OF PREFERENCES PROGRAM

                               __________

                                MESSAGE

                                  from

                     THEPRESIDENTOFTHEUNITEDSTATES

                              transmitting

 NOTIFICATION OF THE TERMINATION OF GIBRALTAR AND TURKS AND CAICOS AS 
   BENEFICIARY DEVELOPING COUNTRIES UNDER THE GENERALIZED SYSTEM OF 
                          PREFERENCES PROGRAM




    June 29, 2012.--Message and accompanying papers referred to the 
         Committee on Ways and Means and ordered to be printed
To the Congress of the United States:
    In accordance with section 502(f)(2) of the Trade Act of 
1974, as amended (the ``1974 Act'') (19 U.S.C. 2462(f)(2)), I 
am providing notification of my intent to terminate the 
designations of Gibraltar and the Turks and Caicos Islands as 
beneficiary developing countries under the Generalized System 
of Preferences (GSP) program. Section 502(e) of the 1974 Act 
(19 U.S.C. 2462(e)) provides that if the President determines 
that a beneficiary developing country has become a ``high 
income'' country, as defined by the official statistics of the 
International Bank for Reconstruction and Development (i.e., 
the World Bank), then the President shall terminate the 
designation of such country as a beneficiary developing country 
for purposes of GSP, effective on January 1 of the second year 
following the year in which such determination is made.
    Pursuant to section 502(e) of the 1974 Act, I have 
determined that it is appropriate to terminate Gibraltar's 
designation as a beneficiary developing country under the GSP 
program, because it has become a high income country as defined 
by the World Bank. Accordingly, Gibraltar's eligibility for 
trade benefits under the GSP program will end on January 1, 
2014.
    In addition, pursuant to section 502(e) of the 1974 Act, I 
have determined that it is appropriate to terminate Turks and 
Caicos Islands' designation as a beneficiary developing country 
under the GSP program, because it has become a high income 
country as defined by the World Bank. Accordingly, Turks and 
Caicos Islands' eligibility for trade benefits under the GSP 
program will end on January 1, 2014.

                                                      Barack Obama.
    The White House, June 29, 2012.

                                  
