Extends the application of subsection (d) of section 502 (19 U.S.C. 2462) so that its provisions regarding withdrawal, suspension, limitation of preferential treatment, and mandatory graduation apply with respect to Pacific Island countries to the same extent and in the same manner as they apply to beneficiary developing countries under title V of the Trade Act of 1974.

Makes the authorities and provisions of 19 U.S.C. 2461 et seq. (title V of the Trade Act of 1974) applicable with respect to Pacific Island countries to the same extent and in the same manner as they apply to beneficiary developing countries.

Applies the authority and procedures in 19 U.S.C. 2463 (designation of eligible articles) — including subsections (a)(2) and (b) — to articles from a Pacific Islands country listed as eligible for benefits under section 3(a) of this Act, allowing the President to designate such articles as eligible articles to the same extent and in the same manner as for least-developed beneficiary developing countries.