104 STAT. 660 PUBLIC LAW 101-382—AUG. 20, 1990 imports from two or more countries of like products subject to investigation if such imports compete with each other and with like products of the domestic industry in the United States market. "(II) CBI EXCEPTION. — Solely for purposes of determining material injury, or the threat thereof, by reason of imports which are products of a country designated as a beneficiary country under the Caribbean Basin Economic Recovery Act (19 U.S.C. 2701 et seq.), the volume and effect of imports from such country may only be cumulatively assessed with imports of like products from one or more other countries designated as beneficiary countries.", (b) THREAT OF MATERIAL INJURY.— Section 771(7)(F)(iv) of the Tariff Act of 1930 (19 U.S.C. 1677(7)(F)(iv)) is amended by striking out "(C)(v)," and inserting "(C)(ivXH) and (v),". 19 USC 1677 (c) EFFECTIVE DATE.The amendments made by subsections (a) °° **- and (b) apply with respect to investigations (including investigations regarding products of Canadian origin) initiated under section 702 or 732 of the Tariff Act of 1930 on or after the date of the enactment of this Act. SEC. 225. ETHYL ALCOHOL. Section 70t)) of the Steel Trade Liberalization Program Implementation Act (19 U.S.C. 2703 note) is amended by striking out calendar years 1990 and 1991." and inserting "calendar years after 1989.". SEC. 226. CONFORMING AMENDMENT. Section 503(b) of the Trade Act of 1974 (19 U.S.C. 2463(b)) is amended to read as follows: "(b)(1) The duty-free treatment provided under section 501 shall apply to any eligible article which is the growth, product, or manufacture of a beneficiary developing country if— "(A) that article is imported directly from a beneficiary developing country into the customs territory of the United States; and "(B) the sum of (i) the cost or value of the materials produced in the beneficiary developing country or any 2 or more countries which are members of the same association of countries which is treated as one country under section 502(a)(3), plus (ii) the direct costs of processing operations performed in such beneficiary developing country or such member countries is not less than 35 percent of the appraised value of such article at the time of its entry into the customs territory of the United States. Regulations. "(2) The Secretary of the Treasury, after consulting with the United States Trade Representative, shall prescribe such regulations as may be necessary to carry out this subsection, including, but not limited to, regulations providing that, in order to be eligible for duty-free treatment under this title, an article must be wholly the growth, product, or manufacture of a beneficiary developing country, or must be a new or different article of commerce which has been grown, produced, or manufactured in the beneficiary developing country; but no article or material of a beneficiary developing country shall be eligible for such treatment by virtue of having merely undergone—
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