Daily Rules, Proposed Rules, and Notices of the Federal Government
Annex 3.28 of the CAFTA-DR; Section 1634(a)(2) and (c)(2) of the Pension Protection Act of 2006 (Pub. L. 109-280); Presidential Proclamation 8111 of February 28, 2007.
In an exchange of letters dated March 24 and 27, 2006, Nicaragua agreed that for each square meter equivalent (SME) of exports of cotton and man-made fiber woven trousers entered under the TPL, Nicaragua would export to the United States an equal amount of cotton and man-made fiber woven trousers made of U.S. formed fabric of U.S. formed yarn. Any shortfall in meeting this commitment that was not rectified by April 1 of the succeeding year would be applied against the TPL for the succeeding year. For 2011, the shortfall in meeting the one-to-one commitment is 3,470,941 square meters equivalent. This amount is being deducted from the 2012 TPL, resulting in a new TPL level for 2012 of 96,529,059 square meters equivalent.