Common use of Specific Limits Clause in Contracts

Specific Limits. In the first Agreement Period, the Government of the Socialist Republic of Vietnam shall limit exports to the United States of cotton, wool, man-made fiber, silk blend and non-cotton vegetable fiber textiles of Vietnamese origin to two-thirds of the Specific Limits set out in Annex B, as such Specific Limits may be adjusted in accordance with this Agreement. During each subsequent Agreement Period, the Government of the Socialist Republic of Vietnam shall limit exports to the United States of cotton, wool, man-made fiber, silk blend and non-cotton vegetable fiber textiles of Vietnamese origin to the Specific Limits set out in Annex B, as increased by the appropriate annual growth rates, and as such Specific Limits may be adjusted in accordance with this Agreement.

Appears in 2 contracts

Sources: Bilateral Textile Agreement, Bilateral Agreement