rate of duty imposed on the article to a level 
that does not exceed the lesser of— 
(i) the column 1 general rate of duty 
imposed under the HTS on like articles for 
the immediately preceding corresponding 
season; or 
(ii) the column 1 general rate of duty 
imposed under the HTS on like articles on 
the day before the date on which the 
Agreement enters into force. 
(2) PROGRESSIVE LIBERALIZATION.—If the pe-
riod for which import relief is provided under this 
section is greater than 1 year, the President shall 
provide for the progressive liberalization of such re-
lief at regular intervals during the period in which 
the relief is in effect. 
(d) PERIOD OF RELIEF.—
(1) IN GENERAL.—Subject to paragraph (2), 
any import relief that the President provides under 
this section may not be in effect for more than 3 
years. 
(2) EXTENSION.— 
(A) IN
GENERAL.—Subject to subpara-
graph (C), the President, after receiving an af-
firmative determination from the Commission
under subparagraph (B), may extend the effec-
tive period of any import relief provided under 
this section if the President determines that— 
(i) the import relief continues to be 
necessary to remedy or prevent serious in-
jury and to facilitate adjustment by the do-
mestic industry to import competition; and 
(ii) there is evidence that the industry 
is making a positive adjustment to import 
competition. 
(B) ACTION BY COMMISSION.—(i) Upon a 
petition on behalf of the industry concerned 
that is filed with the Commission not earlier 
than the date which is 9 months, and not later 
than the date which is 6 months, before the 
date any action taken under subsection (a) is to 
terminate, the Commission shall conduct an in-
vestigation to determine whether action under 
this section continues to be necessary to remedy 
or prevent serious injury and to facilitate ad-
justment by the domestic industry to import 
competition and whether there is evidence that 
the industry is making a positive adjustment to 
import competition.
(ii) The Commission shall publish notice of 
the commencement of any proceeding under 
this subparagraph in the Federal Register and 
shall, within a reasonable time thereafter, hold 
a public hearing at which the Commission shall 
afford interested parties and consumers an op-
portunity to be present, to present evidence, 
and to respond to the presentations of other 
parties and consumers, and otherwise to be 
heard. 
(iii) The Commission shall transmit to the 
President a report on its investigation and de-
termination under this subparagraph not later 
than 60 days before the action under subsection 
(a) is to terminate, unless the President speci-
fies a different date. 
(C) PERIOD OF IMPORT RELIEF.—Any im-
port relief provided under this section, including 
any extensions thereof, may not, in the aggre-
gate, be in effect for more than 5 years. 
(e) RATE AFTER TERMINATION
OF IMPORT RE-
LIEF.—When import relief under this section is termi-
nated with respect to an article, the rate of duty on that 
article shall be the rate that would have been in effect,
but for the provision of such relief, on the date on which 
the relief terminates. 
(f) ARTICLES EXEMPT FROM RELIEF.—No import 
relief may be provided under this section on any article 
that—
(1) is subject to an assessment of additional 
duty under section 202(b); or 
(2) has been subject to import relief under this 
subtitle after the date on which the Agreement en-
ters into force. 
SEC. 314. TERMINATION OF RELIEF AUTHORITY. 
(a) GENERAL RULE.—Subject to subsection (b), no 
import relief may be provided under this subtitle with re-
spect to a good after the date that is 5 years after the 
date on which duty-free treatment must be provided by 
the United States to that good pursuant to Annex IV of 
the Agreement. 
(b) PRESIDENTIAL DETERMINATION.—Import relief 
may be provided under this subtitle in the case of a Moroc-
can article after the date on which such relief would, but 
for this subsection, terminate under subsection (a), if the 
President determines that Morocco has consented to such 
relief.