TRADE Act of 2005

[AI summary unavailable — showing source text] Tariff Relief Assistance for Developing Economies Act of 2005 (TRADE Act of 2005) - Authorizes the President to designate Afghanistan, Bangladesh, Bhutan, Cambodia, Kiribati, Lao People's Democratic Republic, Maldives, Nepal, Samoa, Solomon Islands, Timor-Leste (East Timor), Tuvalu, Vanuatu, Yemen, and Sri Lanka or their successor political entities as TRADE Act of 2005 beneficiary countries eligible to receive duty-free treatment for certain articles that are the growth, product, or manufacture of such countries, if after receiving the advice of the International Trade Commission (ITC) the President determines that such articles are not import-sensitive in the context of imports from such countries. Basis such designation upon eligibility requirements of the African Growth and Opportunity Act (AGOA) and theTrade Act of 1974. Prescribes the rule of origin for such articles for the duty-free treatment. Applies duty-free treatment, without any quantitative limitations, and under certain conditions, to textile and apparel articles assembled in one or more TRADE Act of 2005 beneficiary countries, apparel articles from regional fabric or yarns, and sweaters knit-to-shape from cashmere o…