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![handle is hein.usccsset/usconset50635 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Op
104TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 104-495
EXTENSION OF FREE TRADE BENEFITS TO THE WEST
BANK AND GAZA STRIP
MARCH 25, 1996.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Mr. ARCHER, from the Committee on Ways and Means,
submitted the following
REPORT
[To accompany H.R. 3074]
[Including cost estimate of the Congressional Budget Office]
The Committee on Ways and Means, to whom was referred the
bill (H.R. 3074) to amend the United States-Israel Free Trade Area
Implementation Act of 1985 to provide the President with addi-
tional proclamation authority with respect to articles of the West
Bank or Gaza Strip or a qualifying industrial zone, having consid-
ered the same, report favorably thereon without amendment and
recommend that the bill do pass.
I. INTRODUCTION
A. PURPOSES AND SUMMARY
H.R. 3074 would provide the President proclamation authority to
modify or eliminate tariffs on products from the West Bank and
Gaza Strip and qualifying industrial zones.
B. BACKGROUND AND NEED FOR LEGISLATION
On April 25, 1985, the United States and Israel signed the U.S./
Israel Free Trade Agreement. The Agreement was implemented
into U.S. law on June 11, 1985. The main element of the Agree-
ment is the reciprocal elimination of tariffs on all products traded
between the two countries on January 1, 1995 and the elimination
of other restrictive regulations of commerce on bilateral trade as
provided under Article XXIV of the GATT 1994 for free trade areas.
Duties were eliminated by both countries over ten years in four
staging categories depending on the level of import sensitivity of
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