Federal Register / Vol. 86, No. 129 / Friday, July 9, 2021 / Notices 36313 

to oversight by the Board, to oversee the 

Subadvisers and recommend their 

hiring, termination, and replacement. 

3. The Adviser will provide general 

management services to each 

Subadvised Fund, including overall 

supervisory responsibility for the 

general management and investment of 

the Subadvised Fund’s assets, and 

subject to review and oversight of the 

Board, will (i) set the Subadvised 

Fund’s overall investment strategies, (ii) 

evaluate, select, and recommend 

Subadvisers for all or a portion of the 

Subadvised Fund’s assets, (iii) allocate 

and, when appropriate, reallocate the 

Subadvised Fund’s assets among 

Subadvisers, (iv) monitor and evaluate 

the Subadvisers’ performance, and (v) 

implement procedures reasonably 

designed to ensure that Subadvisers 

comply with the Subadvised Fund’s 

investment objective, policies and 

restrictions. 

4. Subadvised Funds will inform 

shareholders of the hiring of a new 

Subadviser within 90 days after the 

hiring of the new Subadviser pursuant 

to the Modified Notice and Access 

Procedures. 

5. At all times, at least a majority of 

the Board will be Independent Trustees, 

and the selection and nomination of 

new or additional Independent Trustees 

will be placed within the discretion of 

the then-existing Independent Trustees. 

6. Independent Legal Counsel, as 

defined in Rule 0–1(a)(6) under the Act, 

will be engaged to represent the 

Independent Trustees. The selection of 

such counsel will be within the 

discretion of the then-existing 

Independent Trustees. 

7. Whenever a Subadviser is hired or 

terminated, the Adviser will provide the 

Board with information showing the 

expected impact on the profitability of 

the Adviser. 

8. The Board must evaluate any 

material conflicts that may be present in 

a subadvisory arrangement. Specifically, 

whenever a subadviser change is 

proposed for a Subadvised Fund 

(‘‘Subadviser Change’’) or the Board 

considers an existing Subadvisory 

Agreement as part of its annual review 

process (‘‘Subadviser Review’’): 

(a) The Adviser will provide the 

Board, to the extent not already being 

provided pursuant to section 15(c) of 

the Act, with all relevant information 

concerning: 

(i) Any material interest in the 

proposed new Subadviser, in the case of 

a Subadviser Change, or the Subadviser 

in the case of a Subadviser Review, held 

directly or indirectly by the Adviser or 

a parent or sister company of the 

Adviser, and any material impact the 

proposed Subadvisory Agreement may 

have on that interest; 

(ii) any arrangement or understanding 

in which the Adviser or any parent or 

sister company of the Adviser is a 

participant that (A) may have had a 

material effect on the proposed 

Subadviser Change or Subadviser 

Review, or (B) may be materially 

affected by the proposed Subadviser 

Change or Subadviser Review; 

(iii) any material interest in a 

Subadviser held directly or indirectly by 

an officer or Trustee of the Subadvised 

Fund, or an officer or board member of 

the Adviser (other than through a 

pooled investment vehicle not 

controlled by such person); and 

(iv) any other information that may be 

relevant to the Board in evaluating any 

potential material conflicts of interest in 

the proposed Subadviser Change or 

Subadviser Review. 

(b) the Board, including a majority of 

the Independent Trustees, will make a 

separate finding, reflected in the Board 

minutes, that the Subadviser Change or 

continuation after Subadviser Review is 

in the best interests of the Subadvised 

Fund and its shareholders and, based on 

the information provided to the Board, 

does not involve a conflict of interest 

from which the Adviser, a Subadviser, 

any officer or Trustee of the Subadvised 

Fund, or any officer or board member of 

the Adviser derives an inappropriate 

advantage. 

9. Each Subadvised Fund will 

disclose in its registration statement the 

Aggregate Fee Disclosure. 

10. In the event that the Commission 

adopts a rule under the Act providing 

substantially similar relief to that in the 

order requested in the Application, the 

requested order will expire on the 

effective date of that rule. 

11. Any new Subadvisory Agreement 

or any amendment to an existing 

Investment Advisory Agreement or 

Subadvisory Agreement that directly or 

indirectly results in an increase in the 

aggregate advisory fee rate payable by 

the Subadvised Fund will be submitted 

to the Subadvised Fund’s shareholders 

for approval. 

For the Commission, by the Division of 

Investment Management, under delegated 

authority. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2021–14651 Filed 7–8–21; 8:45 am] 

BILLING CODE 8011–01–P 

OFFICE OF THE UNITED STATES 

TRADE REPRESENTATIVE 

Suspension of Action: Enforcement of 

U.S. WTO Rights in the Large Civil 

Aircraft Dispute 

AGENCY: Office of the United States 

Trade Representative (USTR). 

ACTION: Notice. 

SUMMARY: On June 15 and June 17, 2021, 

the United States reached 

understandings on cooperative 

frameworks with, respectively, the 

European Union (EU) and the United 

Kingdom (UK) regarding the World 

Trade Organization (WTO) disputes 

involving large civil aircraft (LCA). In 

accordance with the understandings 

reached with the EU and the UK, the 

U.S. Trade Representative has 

determined to suspend for a period of 

five years the action being taken in the 

Section 301 investigation involving the 

enforcement of U.S. WTO rights in the 

LCA dispute. 

DATES: The beginning of the five-year 

suspension period is July 4, 2021, with 

respect to tariffs on goods of the UK, 

and July 11, 2021, with respect to tariffs 

on goods of EU member States. 

FOR FURTHER INFORMATION CONTACT: For 

questions about the investigation or this 

notice, contact Senior Associate General 

Counsel Brian Janovitz, at (202) 395– 

5725, or Director for Europe Michael 

Rogers, at (202) 395–3320. 

SUPPLEMENTARY INFORMATION: 

A. Proceedings in the Investigation 

For background on the proceedings in 

this investigation, please see prior 

notices including: Notice of initiation, 

84 FR 15028 (April 12, 2019); notice of 

determination and action, 84 FR 54245 

(October 9, 2019); and notices 

concerning revisions or modifications of 

action, 85 FR 10204 (February 21, 2020), 

85 FR 50866 (August 18, 2020), 86 FR 

674 (January 6, 2021), 86 FR 9420 

(February 12, 2021), 86 FR 13961 

(March 11, 2021), and 86 FR 14513 

(March 16, 2021). 

B. Suspension of Action 

On June 15 and June 17, 2021, the 

United States reached similar 

understandings on cooperative 

frameworks with the EU and the UK, 

respectively, regarding trade in large 

civil aircraft and the parties’ WTO 

disputes. The understandings provide, 

inter alia, that each party intends to: 

• Provide any financing to its LCA 

producer for the production or 

development of large civil aircraft on 

market terms. 


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36314 Federal Register / Vol. 86, No. 129 / Friday, July 9, 2021 / Notices 

• provide any funding for research 

and development (R&D) for large civil 

aircraft to its LCA producer through an 

open and transparent process and 

intends to make the results of fully 

government funded R&D widely 

available, to the extent permitted by 

law, and intends not to provide R&D 

funding or other support that is specific, 

to its LCA producer in a way that would 

cause negative effects to the other side. 

• collaborate on jointly analyzing and 

addressing non-market practices of third 

parties that may harm their respective 

large civil aircraft industries. The two 

sides will implement the annexed 

understanding on cooperation on nonmarket economies through the Working 

Group. 

• suspend application of 

countermeasures for a period of five 

years. 

To effectuate the suspension of the 

U.S. countermeasures for the five-year 

period, the U.S. Trade Representative 

has determined to terminate the current 

tariff action and to undertake 

procedures in advance of the end of the 

five-year period for the possible reimposition of tariffs under Section 301. 

In particular, pursuant to sections 

307(a)(1) and 301(a)(2)(B) of the Trade 

Act, the U.S. Trade Representative has 

determined to terminate the current 

action, which was first imposed in the 

notice of October 9, 2019 (84 FR 54245) 

and modified in subsequent notices, 

effective July 4, 2021, with respect to 

goods of the UK, and effective July 11, 

2021, with respect to goods of EU 

member States. Pursuant to Section 306 

of the Trade Act, and in advance of the 

end of the five-year suspension period, 

the U.S. Trade Representative will 

review implementation by the EU and 

UK of the framework understandings 

and their respective measures related to 

the matters covered in the LCA dispute, 

and consider a re-imposition of a tariff 

action under Section 301. 

The decision of the U.S Trade 

Representative to effectuate the five-year 

suspension in accordance with the 

framework understandings considers 

the advice of the interagency Section 

301 Committee, advisory committees, 

and public comments received in 

response to prior notices issued in the 

investigation, and consultations with 

the domestic industry concerned 

regarding the suspension. 

The Annex to this notice modifies the 

Harmonized Tariff Schedule of the 

United States to reflect the suspension 

of the tariff action. The additional duties 

imposed by subheadings 9903.89.05, 

9903.89.07, 9903.89.10, 9903.89.13, 

9903.89.16, 9903.89.19, 9903.89.22, 

9903.89.25, 9903.89.28, 9903.89.31, 

9903.89.34, 9903.89.40, 9903.89.43, 

9903.89.46, 9903.89.49, 9903.89.50 and 

9903.89.55, and as provided by their 

associated subchapter notes, will not 

apply to products of the UK that are 

entered for consumption, or withdrawn 

from warehouse for consumption, on or 

after 12:01 a.m. eastern daylight time on 

July 4, 2021. The additional duties 

imposed by subheadings 9903.89.05, 

9903.89.07, 9903.89.10, 9903.89.13, 

9903.89.16, 9903.89.19, 9903.89.22, 

9903.89.25, 9903.89.28, 9903.89.31, 

9903.89.34, 9903.89.37, 9903.89.40, 

9903.89.43, 9903.89.46, 9903.89.52, 

9903.89.55, 9903.89.57, 9903.89.59, 

9903.89.61, and 9903.89.63, and as 

provided by their associated subchapter 

notes, will not apply to products of 

Austria, Belgium, Bulgaria, Croatia, 

Republic of Cyprus, Czech Republic, 

Denmark, Estonia, Finland, France, 

Germany, Greece, Hungary, Ireland, 

Italy, Latvia, Lithuania, Luxembourg, 

Malta, Netherlands, Poland, Portugal, 

Romania, Slovakia, Slovenia, Spain, or 

Sweden that are entered for 

consumption, or withdrawn from 

warehouse for consumption, on or after 

12:01 a.m. eastern daylight time on July 

11, 2021. 

Any product of the UK that was 

admitted into a U.S. foreign trade zone 

in ‘privileged foreign status’ as defined 

in 19 CFR 146.41, before 12:01 a.m. 

eastern standard time on March 4, 2011, 

will remain subject to the applicable 

duties in subheadings 9903.89.05, 

9903.89.07, 9903.89.10, 9903.89.13, 

9903.89.16, 9903.89.19, 9903.89.22, 

9903.89.25, 9903.89.28, 9903.89.31, 

9903.89.34, 9903.89.40, 9903.89.43, 

9903.89.46, 9903.89.49, 9903.89.50 and 

9903.89.55 upon entry for consumption. 

Any product of Austria, Belgium, 

Bulgaria, Croatia, Republic of Cyprus, 

Czech Republic, Denmark, Estonia, 

Finland, France, Germany, Greece, 

Hungary, Ireland, Italy, Latvia, 

Lithuania, Luxembourg, Malta, 

Netherlands, Poland, Portugal, Romania, 

Slovakia, Slovenia, Spain, or Sweden, 

that was admitted into a U.S. foreign 

trade zone in ‘privileged foreign status’ 

as defined in 19 CFR 146.41, before 

12:01 a.m. eastern standard time on 

March 11, 2021, will remain subject to 

the applicable duties in subheadings 

9903.89.05, 9903.89.07, 9903.89.10, 

9903.89.13, 9903.89.16, 9903.89.19, 

9903.89.22, 9903.89.25, 9903.89.28, 

9903.89.31, 9903.89.34, 9903.89.37, 

9903.89.40, 9903.89.43, 9903.89.46, 

9903.89.52, 9903.89.55, 9903.89.57, 

9903.89.59, 9903.89.61, and 9903.89.63 

upon entry for consumption. 

Any product of the UK covered by 

paragraph 3 of the Annex to this notice, 

that is admitted into a U.S. foreign trade 

zone on or after 12:01 a.m. eastern 

daylight time on July 4, 2021, and any 

product of Austria, Belgium, Bulgaria, 

Croatia, Republic of Cyprus, Czech 

Republic, Denmark, Estonia, Finland, 

France, Germany, Greece, Hungary, 

Ireland, Italy, Latvia, Lithuania, 

Luxembourg, Malta, Netherlands, 

Poland, Portugal, Romania, Slovakia, 

Slovenia, Spain, or Sweden, covered by 

paragraph 3 of the Annex to this notice, 

that is admitted into a U.S. foreign trade 

zone on or after 12:01 a.m. eastern 

daylight time on July 11, 2021, may be 

admitted in any status, as applicable, as 

defined in 19 CFR 146, Subpart D. 

In accordance with section 306 of the 

Trade Act, in addition to the five-year 

review, the U.S. Trade Representative 

will monitor implementation by the EU 

and UK of the framework 

understandings and their respective 

measures related to the matters covered 

in the LCA dispute, including whether 

the EU or UK provides new financing to 

an LCA producer for the production or 

development of LCA that is not on 

market terms. If USTR considers that the 

implementation of the framework 

understandings or measures related to 

the WTO dispute are not satisfactory, 

then USTR will take the most effective 

action under Section 301 to enforce U.S. 

WTO rights, which could include the reimposition of duties. 

Annex 

1. The additional duties imposed by 

subheadings 9903.89.05 through 9903.89.63 

of the Harmonized Tariff Schedule of the 

United States (HTSUS), and as provided by 

their associated subchapter notes, on 

products of Austria, Belgium, Bulgaria, 

Croatia, Republic of Cyprus, Czech Republic, 

Denmark, Estonia, Finland, France, Germany, 

Greece, Hungary, Ireland, Italy, Latvia, 

Lithuania, Luxembourg, Malta, Netherlands, 

Poland, Portugal, Romania, Slovakia, 

Slovenia, Spain, Sweden or the United 

Kingdom are terminated as follows. For 

entries from the United Kingdom, the 

termination is effective for entries on or after 

July 4, 2021. For entries from Austria, 

Belgium, Bulgaria, Croatia, Republic of 

Cyprus, Czech Republic, Denmark, Estonia, 

Finland, France, Germany, Greece, Hungary, 

Ireland, Italy, Latvia, Lithuania, Luxembourg, 

Malta, Netherlands, Poland, Portugal, 

Romania, Slovakia, Slovenia, Spain, or 

Sweden the termination is effective for 

entries on or after July 11, 2021. 

2. Note 21(a) to subchapter III of chapter 

99 of the HTSUS is modified by deleting 

‘‘notes 21(u) and 21(v) of this subdivision,’’ 

and by inserting ‘‘notes 21(u), 21(v), 21(w) 

and 21(x) of this subdivision,’’ in lieu 

thereof. 

3. Note 21 to subchapter III of chapter 99 

of the HTSUS is modified by inserting the 

following new subchapter notes in 

alphabetical order: 


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Federal Register / Vol. 86, No. 129 / Friday, July 9, 2021 / Notices 36315 

‘‘(w) The U.S. Trade Representative has 

determined that the additional duties 

imposed by subheadings 9903.89.05, 

9903.89.07, 9903.89.10, 9903.89.13, 

9903.89.16, 9903.89.19, 9903.89.22, 

9903.89.25, 9903.89.28, 9903.89.31, 

9903.89.34, 9903.89.40, 9903.89.43, 

9903.89.46, 9903.89.49, 9903.89.50 and 

9903.89.55, and as provided by their 

associated subchapter notes, shall not apply 

to articles the product of the United Kingdom 

that are entered on or after 12:01 a.m. eastern 

daylight time on or after July 4, 2021.’’ 

‘‘(x) The U.S. Trade Representative has 

determined that additional duties imposed 

by subheadings 9903.89.05, 9903.89.07, 

9903.89.10, 9903.89.13, 9903.89.16, 

9903.89.19, 9903.89.22, 9903.89.25, 

9903.89.28, 9903.89.31, 9903.89.34, 

9903.89.37, 9903.89.40, 9903.89.43, 

9903.89.46, 9903.89.52, 9903.89.55, 

9903.89.57, 9903.89.59, 9903.89.61, and 

9903.89.63, and as provided by their 

associated subchapter notes, shall not apply 

to articles the product of Austria, Belgium, 

Bulgaria, Croatia, Republic of Cyprus, Czech 

Republic, Denmark, Estonia, Finland, France, 

Germany, Greece, Hungary, Ireland, Italy, 

Latvia, Lithuania, Luxembourg, Malta, 

Netherlands, Poland, Portugal, Romania, 

Slovakia, Slovenia, Spain, or Sweden that are 

entered on or after 12:01 a.m. eastern 

daylight time on or after July 11, 2021.’’ 

Greta Peisch, 

General Counsel, Office of the United States 

Trade Representative. 

[FR Doc. 2021–14550 Filed 7–8–21; 8:45 am] 

BILLING CODE 3290–F1–P 

OFFICE OF THE UNITED STATES 

TRADE REPRESENTATIVE 

Reallocation of Unused Fiscal Year 

2021 WTO Tariff-Rate Quota Volume 

for Raw Cane Sugar 

AGENCY: Office of the United States 

Trade Representative. 

ACTION: Notice. 

SUMMARY: The Office of the United 

States Trade Representative (USTR) is 

providing notice of country-by-country 

reallocations of the fiscal year (FY) 2021 

in-quota quantity of the World Trade 

Organization (WTO) tariff-rate quota 

(TRQ) for imported raw cane sugar. 

DATES: The changes made by this notice 

are applicable as of July 9, 2021. 

FOR FURTHER INFORMATION CONTACT: Erin 

Nicholson, Office of Agricultural 

Affairs, at 202–395–9419 or 

erin.h.nicholson@ustr.eop.gov. 

SUPPLEMENTARY INFORMATION: Pursuant 

to Additional U.S. Note 5 to Chapter 17 

of the Harmonized Tariff Schedule of 

the United States (HTSUS), the United 

States maintains WTO TRQs for imports 

of raw cane and refined sugar. Section 

404(d)(3) of the Uruguay Round 

Agreements Act (19 U.S.C. 3601(d)(3)) 

authorizes the President to allocate the 

in-quota quantity of a TRQ for any 

agricultural product among supplying 

countries or customs areas. The 

President delegated this authority to the 

U.S. Trade Representative under 

Presidential Proclamation 6763 (60 FR 

1007). 

On July 9, 2020, the Secretary of 

Agriculture established the FY 2021 

TRQ for imported raw cane sugar at the 

minimum to which the United States is 

committed pursuant to the WTO 

Uruguay Round Agreements (1,117,195 

metric tons raw value (MTRV) 

conversion factor: 1 metric ton = 

1.10231125 short tons). On July 22, 

2020, USTR provided notice of countryby-country allocations of the FY 2021 

in-quota quantity of the WTO TRQ for 

imported raw cane sugar. See 85 FR 

44353. Based on consultation with 

quota holders, the U.S. Trade 

Representative has determined to 

reallocate 76,571 MTRV of the original 

TRQ quantity from those countries that 

have stated they do not plan to fill their 

FY 2021 allocated raw cane sugar 

quantities. The U.S. Trade 

Representative is allocating the 76,571 

MTRV to the following countries in the 

amounts specified below: 

Country 

FY 2021 

raw sugar 

unused 

reallocation 

(MTRV) 

Argentina .............................. 3,962 

Australia ................................ 7,648 

Belize .................................... 1,014 

Bolivia ................................... 737 

Brazil ..................................... 13,361 

Colombia ............................... 2,211 

Costa Rica ............................ 1,381 

Dominican Republic .............. 16,217 

Ecuador ................................ 1,014 

El Salvador ........................... 2,396 

Eswatini (Swaziland) ............ 1,474 

Fiji ......................................... 829 

Guatemala ............................ 4,423 

Guyana ................................. 1,106 

Honduras .............................. 921 

India ...................................... 737 

Jamaica ................................ 1,014 

Malawi ................................... 921 

Mauritius ............................... 1,106 

Mozambique ......................... 1,199 

Nicaragua ............................. 1,935 

Panama ................................ 2,672 

Peru ...................................... 3,778 

South Africa .......................... 2,119 

Thailand ................................ 1,290 

Country 

FY 2021 

raw sugar 

unused 

reallocation 

(MTRV) 

Zimbabwe ............................. 1,106 

These allocations are based on the 

countries’ historical shipments to the 

United States. The allocations of the raw 

cane sugar WTO TRQ to countries that 

are net importers of sugar are 

conditioned on receipt of the 

appropriate verifications of origin. 

Certificates for quota eligibility must 

accompany imports from any country 

for which an allocation has been 

provided. 

Greta Peisch, 

General Counsel, Office of the United States 

Trade Representative. 

[FR Doc. 2021–14659 Filed 7–8–21; 8:45 am] 

BILLING CODE 3290–F1–P 

DEPARTMENT OF TRANSPORTATION 

Federal Aviation Administration 

Supplemental Type Certificates 

ST03718AT, SA03654AT; Original 

Product Type Certificate Numbers 

A32NM, T00006LA, A4SW 

AGENCY: Federal Aviation 

Administration (FAA), DOT. 

ACTION: Surrendered supplemental type 

certificate. 

SUMMARY: This notice announces that 

Avenger Aerospace Solutions, Inc. has 

surrendered its supplement type 

certificates, ST03718AT and 

SA03654AT to the FAA. In accordance 

with policy, the FAA announces 

surrender of aircraft certificates in the 

Federal Register. 

FOR FURTHER INFORMATION CONTACT: 

Send correspondence on this issue to: 

Federal Aviation Administration, 

Atlanta Aircraft Certification Branch, 

1701 Columbia Avenue, College Park, 

GA 30337. ATTN: John R. Marshall. All 

letters must be certified and signed. You 

may also contact John R. Marshall by 

phone at (404) 474–5524, or 

electronically at john.r.marshall@

faa.gov. 

SUPPLEMENTARY INFORMATION: Avenger 

Aerospace Solutions, Inc. notified the 

FAA by letter received October 26, 

2020, that it is voluntarily surrendering 

the following supplemental type 

certificates (STCs): 


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