[Federal Register Volume 60, Number 33 (Friday, February 17, 1995)]
[Notices]
[Pages 9321-9322]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-4041]
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DEPARTMENT OF AGRICULTURE
Limited Global Cotton Import Quota Announcement
AGENCY: Office of the Secretary, USDA.
ACTION: Notice.
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SUMMARY: A limited global import quota for upland cotton equal to
193,632,858 kilograms (426,887,727 pounds) is established in accordance
with section 103B(n) of the Agricultural Act of 1949, as amended (1949
Act). This quota is covered under Presidential Proclamation 6301 of
June 7, 1991, and is referenced as the Secretary of Agriculture's
Limited Global Cotton Import Quota Announcement, chapter 99, subchapter
III, subheading 9903.52.00 of the Harmonized Tariff Schedule (HTS).
DATES: The quota is established for the 90-day period beginning on
January 6 and ending on April 6, 1995.
FOR FURTHER INFORMATION CONTACT: Janise Zygmont, Consolidated Farm
Service Agency, United States Department of Agriculture, Room 3756-
[[Page 9322]] S, PO Box 2415, Washington, DC 20013-2415 or call 202-
720-8841.
SUPPLEMENTARY INFORMATION: The 1949 Act requires that a limited global
import quota for upland cotton be determined and announced immediately
whenever the average price of the base quality of upland cotton in the
designated spot markets for a month exceeds 130 percent of the average
price of such quality of cotton in such markets for the preceding 36
months. The limited global import quota means a quantity of imports
that is not subject to the over-quota tariff rate of a tariff-rate
quota. The December 1994 spot market average for base quality cotton
was 81.92 cents per pound, which is 136 percent of the 60.06 cents-per-
pound average of the previous 36-month period from December 1991
through November 1994.
The 1949 Act requires that if a quota has been established under
the authority of section 103(B)(n) during the preceding 12 months, the
quantity of the quota shall be the smaller of 21 days of domestic mill
consumption at the seasonally-adjusted average rate of the most recent
3 months for which data are available (21-day supply) or the quantity
required to increase supply to 130 percent of demand. Since the 21-day
supply is smaller than the amount needed to increase supply to 130
percent of demand, the quota is equal to 21 days of domestic mill
consumption of upland cotton at the seasonally-adjusted average rate
for the period September through November 1994. The quota is not
divided by staple length or by country of origin. The quota does not
affect existing tariff rates or phytosanitary regulations.
Authority: 7 U.S.C. 1444-2 (n) and U.S. Note 6(b), Subchapter
III, Chapter 99 of the HTS.
Signed at Washington, DC, on February 10, 1995.
Richard E. Rominger,
Acting Secretary.
[FR Doc. 95-4041 Filed 2-16-95; 8:45 am]
BILLING CODE 3410-05-P