US Implements FTA with Peru

President Bush issued Jan. 16 a proclamation implementing the U.S. free trade agreement with Peru. Effective Feb. 1 this proclamation will modify the Harmonized Tariff Schedule to reflect the duty benefits and rules of origin under this FTA, remove Peru as a beneficiary country under the Generalized System of Preferences, set forth special provisions concerning textiles and apparel, and make technical and conforming changes in the HTSUS general notes. The proclamation also makes certain technical changes to the HTSUS to properly implement the U.S. FTAs with Morocco, Bahrain and Costa Rica.

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