Letter to the Speaker of
the House of Representatives and the President of the Senate Transmitting the
Report on the Generalized System of Preferences
Dear
Mr. Speaker: (Dear Mr. President:)
I
herewith transmit my report on the Generalized System of Preferences (GSP), as
required by the Trade Act of 1974, as amended (``the Act'').
Section
504(a)(2) of the Act (19 U.S.C. 2464(a)(2)) requires that I report no later
than January 4, 1988, on the application of sections 501 and 502(c) of the Act
to the GSP program. It also requires me to document the actions I have taken to
limit the application of duty-free treatment under the program with respect to
any country which has failed to adequately take the actions described in
section 502(c).
Sincerely,
Ronald
Reagan
Note: Identical letters
were sent to Jim Wright, Speaker of the House of Representatives, and George
Bush, President of the Senate.