(a) the regional value-content requirement shall be, for a producer's fiscal year beginning nearest to January 1, 1998 and thereafter, 56 percent under the net cost method, and for a producers's fiscal year beginning nearest to January 1, 2002 and thereafter, 62.5 percent under the net cost method, for the following
(i) a motor vehicle provided for in subheading 8702.xx
(vehicles for the transport of 15 or fewer
persons), 8703.21 through 8703.90, 8704.21 or
8704.31, and
(ii) a good provided for in heading 8407 or 8408 or
subheading 8708.40 which is for use as original
equipment in the production of a motor vehicle
identified in subparagraph (a)(i); and
(b) the regional value-content requirement shall be, for a producer's fiscal year beginning nearest to January 1, 1998 and thereafter, 55 percent under the net cost method, and for a motor vehicle producers's fiscal year beginning nearest to January 1, 2002 and thereafter, 60 percent under the net cost method, for the following
(i) a motor vehicle provided for in heading 8701,
subheadings 8702.yy (vehicles for the transport of
16 or more persons), 8704.10, 8704.22, 8704.23,
8704.32 and 8704.90, and heading 8705 or 8706,
(ii) a good provided for in heading 8407 or 8408 or
subheading 8708.40 which is for use as original
equipment in the production of a motor vehicle
identified in subparagraph (b)(i), and
(iii) except for a good identified in subparagraph (a)(ii) or provided for in subheadings 8482.10 through 8482.80 or subheadings 8483.10 through 8483.40, a good identified in Annex 403.1 which is for use as original equipment in the production of a motor vehicle identified in subparagraphs (a)(i) or (b)(i).
7. Notwithstanding paragraph 6,
(a) the regional value content of a motor vehicle referred
to in Article 403(1) or 403(2) shall not be less than
50 percent for a period of five years from the date on
which the first motor vehicle prototype is produced in
a plant by a motor vehicle assembler, provided that
(i) it is a motor vehicle of a class, or marque, or, for a motor vehicle identified in Article 403(1)(a), size and underbody, not previously produced by the motor vehicle assembler in the territory of any of the Parties,