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Code · STATUTE-COMPILATIONS · United States-Panama Trade Promotion Agreement Implementation Act · Sec. 323

Sec. 323. PERIOD OF RELIEF

129 words·~1 min read·/statute-compilations/comps-9625/sec-323

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## SEC. 323 PERIOD OF RELIEF ###
(a)In General Subject to subsection (b), any import relief that the President provides under section 322(b) may not, in the aggregate, be in effect for more than 3 years. ###
(b)Extension If the initial period for any import relief provided under section 322 is less than 3 years, the President may extend the effective period of any import relief provided under that section, subject to the limitation set forth in subsection (a), if the President determines that— ####
(1)the import relief continues to be necessary to remedy or prevent serious damage and to facilitate adjustment by the domestic industry to import competition; and ####
(2)there is evidence that the industry is making a positive adjustment to import competition.
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