Sec. 4. Authority to provide duty-free treatment for goods and services of companies moving from the People’s Republic of China to Latin America or the Caribbean
171 words·~1 min read·
/bill/119/hr/509/ih/section-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding any other provision of law, the President shall proclaim duty-free treatment (or other preferential treatment) for any good or service made or produced in a Latin American or Caribbean country by a qualified corporation that has received assistance under section 3, subject to such terms and conditions as the President determines to be appropriate. The President shall prescribe such regulations as may be necessary to carry out this section. Subsection
(a)shall apply with respect to a good or service made or produced in a Latin American or Caribbean country by a corporation for the 15-year period beginning on the date on which the corporation begins operations in such country. Nothing in this section may be construed to affect duty-free treatment (or other preferential treatment) for any good or service made or produced in a Latin American or Caribbean country by a qualified corporation after the 15-year period described in paragraph
(1)if goods and services from such country are otherwise generally eligible for duty-free treatment (or other preferential treatment).