[Congressional Record (Bound Edition), Volume 161 (2015), Part 11]
[House]
[Page 15497]
[From the U.S. Government Publishing Office, www.gpo.gov]




 INTENT TO TERMINATE SEYCHELLES, URUGUAY, AND VENEZUELA AS BENEFICIARY 
   DEVELOPING COUNTRIES UNDER THE GENERALIZED SYSTEM OF PREFERENCES 
 PROGRAM--MESSAGE FROM THE PRESIDENT OF THE UNITED STATES (H. DOC. NO. 
                                114-59)

  The SPEAKER pro tempore laid before the House the following message 
from the President of the United States; which was read and 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 Seychelles, 
Uruguay, and Venezuela 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 of the World Bank (the ``World 
Bank''), the President shall terminate the designation of such country 
as a beneficiary developing country for purposes of the GSP program, 
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 designations of Seychelles, Uruguay, 
and Venezuela as beneficiary developing countries under the GSP 
program, because they have become high income countries as defined by 
the World Bank. Accordingly, their eligibility for trade benefits under 
the GSP program will end on January 1, 2017.
                                                        Barack Obama.  
The White House, September 30, 2015.

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