[Congressional Record (Bound Edition), Volume 158 (2012), Part 13]
[Senate]
[Page 18085]
[From the U.S. 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 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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