Exclusive Wheat Importation by NGA

Section 1 exempts wheat grain importation from customs duties, taxes and other charges.
Section 1 applies this exemption to wheat grain importation made under the NGA’s exclusive authority and related government negotiations.

Section 2 requires that, once the NGA has procured the first importation of sufficient quantities of wheat grains and determined it can continue and maintain such importation to meet annual requirements, the NGA must issue a formal declaration.
Section 2 directs the NGA to publish the formal declaration in a newspaper of general circulation once a week for two consecutive weeks.
Section 2 provides that exclusivity becomes effective on the day after the last day of such publication.
Section 2 prohibits private importation of wheat grains effective on that day, except only as to private importation covered by procurement contracts entered into and perfected prior to the day of effectiveness.
Section 2 then requires that the wheat grain requirements of private flour millers, as well as other users be secured from the NGA.

Section 2 requires the NGA to promulgate the necessary rules and regulations to govern the allocation of wheat grains.
Section 2 implements allocation after the formal declaration takes effect and private imports are prohibited (subject to the protected procurement contracts).

Section 3 repeals or modifies provisions of law, decrees, orders, or regulations that are inconsistent or contrary to the decree.

Section 4 provides that the decree takes effect immediately.
Section 4 establishes the date of effect as immediate effectivity upon issuance, with no publication condition for effectivity.