[Congressional Record Volume 158, Number 165 (Thursday, December 20, 2012)]
[Senate]
[Pages S8299-S8300]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




NOTIFICATION OF THE PRESIDENT'S INTENT TO TERMINATE THE DESIGNATION OF 
  THE FEDERATION OF SAINT KITTS AND NEVIS AS A BENEFICIARY DEVELOPING 
 COUNTRY UNDER THE GENERALIZED SYSTEM OF PREFERENCES (GSP) PROGRAM--PM 
                                   64

  The PRESIDING OFFICER laid before the Senate the following message 
from the President of the United States, together with an accompanying 
report; which was referred to the Committee on Finance:

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 designation of the 
Federation of Saint Kitts and Nevis (St. Kitts and Nevis) as a 
beneficiary developing country 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

[[Page S8300]]

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 the 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 the designation of St. Kitts and Nevis as a 
beneficiary developing country under the GSP program because it has 
become a high-income country as defined by the World Bank. Accordingly, 
St. Kitts and Nevis' eligibility for trade benefits under the GSP 
program will end on January 1, 2014.
                                                        Barack Obama.  
The White House, December 20, 2012.

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