SEC. 506. AGRICULTURAL EXPORTS OF BENEFICIARY DEVELOPING COUNTRIES. The appropriate agencies of the United States shall assist beneficiary developing countries to develop and implement measures designed to assure that the agricultural sectors of their economies are not directed to export markets to the detriment of the production of foodstuffs for their citizenry. General Note 3(c)(ii) of the Harmonized Tariff Schedule Products of Countries Designated Beneficiary Developing Countries for Purposes of the Generalized System of Preferences (GSP) (A) The following countries, territories and associations of countries eligible for treatment as one country (pursuant to section 502(a)(3) of the Trade Act of 1974 (19 U.S.C. 2462(a)(3)) are designated beneficiary developing countries for the purposes of the Generalized System of Preferences, provided for in Title V of the Trade Act of 1974, as amended (19 U.S.C. 2461 et seq.): (B) The following beneficiary countries are designated as least-developed beneficiary developing countries pursuant to section 504(c)(6) of the Trade Act of 1974, as amended: Bangladesh Bhutan Botswana Burkina Faso Central African Republic Whenever an eligible article which is the growth, product or manufacture of one of the countries designated as a least-developed beneficiary developing country is imported into the customs territory of the United States directly from such country, such article shall be entitled to receive the duty-free treatment provided for in subdivision (c)(ii)(C) of this note without regard to the limitations on preferential treatment of eligible articles in section 504(c) of the Trade Act, as amended (19 U.S.C. 2464(c)). D. CARIBBEAN BASIN INITIATIVE (CBI) Caribbean Basin Economic Recovery Act, as amended [19 U.S.C. 2701 et seq.; P.L. 98-67, title II, as amended by P.L. 98-573, P.L. 99-514, P.L. 99-570, P.L. 100-418, P.L. 100-647, and P.L. 101-382] SEC. 201. SHORT TITLE. This title may be cited as the "Caribbean Basin Economic Recov ery Act". SUBTITLE A-DUTY-FREE TREATMENT SEC. 211. AUTHORITY TO GRANT DUTY-FREE TREATMENT. The President may proclaim duty-free treatment for all eligible articles from any beneficiary country in accordance with the provisions of this title. SEC. 212. BENEFICIARY COUNTRY. (a)(1) For purposes of this title (A) The term "beneficiary country" means any country listed in subsection (b) with respect to which there is in effect a proclamation by the President designating such country as a beneficiary country for purposes of this title. Before the President designates any country as a beneficiary country for purposes of this title, he shall notify the House of Representatives and the Senate of his intention to make such designation, together with the considerations entering into such decision. (B) The term "entered" means entered, or withdrawn from warehouse for consumption, in the customs territory of the United States. (C) The term "HTS" means Harmonized Tariff Schedule of the United States (19 U.S.C. 1202). (2) If the President has designated any country as a beneficiary country for purposes of this title, he shall not terminate such desig nation (either by issuing a proclamation for that purpose or by issuing a proclamation which has the effect of terminating such designation) unless, at least sixty days before such termination, he has notified the House of Representatives and the Senate and has notified such country of his intention to terminate such designation, together with the considerations entering into such decision. (b) In designating countries as "beneficiary countries" under this title the President shall consider only the following countries and territories or successor political entities: Anguilla Antigua and Barbuda Barbados Belize Costa Rica Dominica Dominican Republic Honduras In addition, the President shall not designate any country a beneficiary country under this title (1) if such country is a Communist country; (A) has nationalized, expropriated or otherwise seized ownership or control of property owned by a United States citizen or by a corporation, partnership, or association which is 50 per centum or more beneficially owned by United States citizens, (B) has taken steps to repudiate or nullify— (i) any existing contract or agreement with, or (ii) any patent, trademark, or other intellectual property of, a United States citizen or a corporation, partnership, or association which is 50 per centum or more beneficially owned by United States citizens, the effect of which is to nationalize, expropriate, or otherwise seize ownership or control of property so owned, or (C) has imposed or enforced taxes or other exactions, restrictive maintenance or operational conditions, or other measures with respect to property so owned, the effect of which is to nationalize, expropriate, or otherwise seize ownership or control of such property, unless the President determines that (i) prompt, adequate, and effective compensation has been or is being made to such citizen, corporation, partnership, or association, (ii) good-faith negotiations to provide prompt, adequate, and effective compensation under the applicable provisions of international law are in progress, or such country is otherwise taking steps to discharge its obligations under international law with respect to such citizen, corporation, partnership, or association, or (iii) a dispute involving such citizen, corporation, partnership, or association, over compensation for such a seizure has been submitted to arbitration under the provisions of the Convention for the Settlement of Investment Disputes, or in another mutually agreed upon forum, and promptly furnishes a copy of such determination to the Senate and House of Representatives; (3) if such country fails to act in good faith in recognizing as binding or in enforcing arbitral awards in favor of United States citizens or a corporation, partnership or association which is 50 per centum or more beneficially owned by United States citizens which have been made by arbitrators appointed |