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this section referred to as the "Trade Representative") in carrying out the functions set forth in section 141 of the Trade Act of 1974;

(B) to assist the President, and advise the Trade Representative, with respect to the development and implementation of the international trade policy objectives of the United States; and

(C) to advise the President and the Trade Representative with respect to the relationship between the international trade policy objectives of the United States and other major policy areas which may significantly affect the overall international

trade policy and trade competitiveness of the United States. (3) The interagency organization shall be composed of the following:

(A) The Trade Representative, who shall be chairperson.
(B) The Secretary of Commerce.
(C) The Secretary of State.
(D) The Secretary of the Treasury.
(E) The Secretary of Agriculture.

(F) The Secretary of Labor. The Trade Representative may invite representatives from other agencies, as appropriate, to attend particular meetings if subject matters of specific functional interest to such agencies are under consideration. It shall meet at such times and with respect to such matters as the President or the Chairman shall direct. (b) In assisting the President, the organization shall

(1) make recommendations to the President on basic policy issues arising in the administration of the trade agreements program,

(2) make recommendations to the President as to what action, if any, he should take on reports submitted to him by the United States International Trade Commission under section 201(d) of the Trade Act of 1974,

(3) advise the President of the results of hearings held pusuant to section 302(b)(2) of the Trade Act of 1974, and recommend appropriate action with respect thereto, and

(4) perform such other functions with respect to the trade agreements program as the President may from time to time

designate. In carrying out its functions under this subsection, the organization shall take into account the advice of the congressional advisers and private sector advisory committees, as well as that of any committee or other body established to advise the department, agency, or office which a member of the organization heads.

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TARIFF CLASSIFICATION ACT OF 1962

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TITLE II-ADMINISTRATIVE AND SAVING PROVISIONS

[SEC. 201. The Commission is authorized to issue, at appropriate intervals, and to keep up to date, a publication containing current tariff schedules and related matters, including such matter as may be needed for reporting statistics.]

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[CHAPTER 8-BARRIERS TO MARKET ACCESS] CHAPTER 8IDENTIFICATION OF MARKET BARRIERS AND CERTAIN UNFAIR TRADE

PRACTICES

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Sec. 181. Actions concerning barriers to market access.
Sec. 182. Identification of countries that deny adequate protection, or market access,

for intellectual property rights.

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TITLE II-RELIEF FROM INJURY CAUSED BY IMPORT COMPETITION

[CHAPTER 1-IMPORT RELIEF
[Sec. 201. Investigation by International Trade Commission.
[Sec. 202. Presidential action after investigations.
[Sec. 203. Import relief.]

CHAPTER 1~POSITIVE ADJUSTMENT BY INDUSTRIES INJURED BY IMPORTS
Sec. 201. Action to facilitate positive adjustment to import competition.
Sec. 202. Investigations, determinations, and recommendations by Commission.
Sec. 203. Action by President after determination of import injury.
Sec. 204. Monitoring, modification, and termination of action.

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Sec. 286. Trade Adjustment Trust Fund.
Sec. 287. Imposition of additional fee.

TITLE III-RELIEF FROM UNFAIR TRADE PRACTICES [CHAPTER 1-ENFORCEMENT OF UNITED STATES RIGHTS UNDER TRADE AGREEMENTS

AND RESPONSE TO CERTAIN FOREIGN TRADE PRACTICES [Sec. 301. Determination and action by President. (Sec. 302. Initiation of Investigations by United States Trade Representative. [Sec. 303. Consultation upon initiation of investigation. [Sec. 304. Recommendations by the Special Representative. [Sec. 305. Requests for information. [Sec. 306. Administration.] CHAPTER 1-ENFORCEMENT OF UNITED STATES Rights UNDER TRADE AGREEMENTS

AND RESPONSES TO FOREIGN TRADE PRACTICES
Sec. 301. Actions by United States Trade Representative.
Sec. 302. Initiation of investigations.
Sec. 303. Consultation upon initiation of investigation.
Sec. 304. Determinations by the Trade Representative.
Sec. 305. Implementation of actions.
Sec. 306. Monitoring of foreign compliance.
Sec. 307. Modification and termination of actions.

Sec. 308. Request for information.
Sec. 309. Administration.
Sec. 310. Identification of trade liberalization priorities.

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SEC. 121. STEPS TO BE TAKEN TOWARD GATT REVISION; AUTHORIZATION

OF APPROPRIATIONS FOR GATT. [(a) The President shall, as soon as practicable, take such action as may be necessary to bring trade agreements heretofore entered into, and the application thereof, into conformity with principles promoting the development of an open, nondiscriminatory, and fair world economic system. The action and principles referred to in the preceding sentence include, but are not limited to, the following

[(1) the revision of decisionmaking procedures in the General Agreement on Tariffs and Trade (hereinafter in this subsection referred to as “GATT”) to more nearly reflect the balance of economic interests,

[(2) the revision of article XIX of the GATT into a truly international safeguard procedure which takes into account all forms of import restraints countries use in response to injurious competition or threat of such competition,

[(3) the extension of GATT articles to conditions of trade not presently covered in order to move toward more fair trade practices,

[(4) the adoption of international fair labor standards and of public petition and confrontation procedures in the GATT,

[(5) the revision of GATT articles with respect to the treatment of border adjustments for internal taxes to redress the disadvantage to countries relying primarily on direct rather than indirect taxes for revenue needs,

[(6) the revision of the balance-of-payments provision in the GATT articles so as to recognize import surcharges as the preferred means by which industrial countries may handle balance-of-payments deficits insofar as import restraint measures are required

[(7) the improvement and strengthening of the provisions of GATT and other international agreements governing access to supplies of food, raw materials, and manufactured or semimanufactured products, including rules and procedures governing the imposition of export controls, the denial of fair and equitable access to such supplies, and effective consultative procedures on problems of supply shortages,

[(8) the extension of the provisions of GATT or other international agreements to authorize multilateral procedures by contracting parties with respect to member or nonmember countries which deny fair and equitable access to supplies of food, raw materials, and manufactured or semi-manufactured products, and thereby substantially injure the international community,

[(9) any revisions necessary to establish procedures for regular consultation among countries and instrumentalities with respect to international trade and procedures to adjudicate commercial disputes among such countries or instrumentalities,

[(10) any revisions necessary to apply the principles of reciprocity and nondiscrimination, including the elimination of special preferences and reverse preferences, to all aspects of international trade,

[(11) any revisions necessary to define the forms of subsidy to industries producing products for export and the forms of subsidy to attract foreign investment which are consistent with an open, nondiscriminatory, and fair system of international trade, and

[(12) consistent with the provisions of section 107, any revisions necessary to establish within the GATT an international agreement on articles (include footwear), including the creation of regular and institutionalized mechanisms for the settlement of disputes, and of a surveillance body to monitor all interna

tional shipments in such articles. [(b) The President shall, to the extent feasible, enter into agreements with foreign countries or instrumentalities to establish the principles described in subsection (a) with respect to international trade between the United States and such countries or instrumentalities.

[(c) If the President enters into a trade agreement which establishes rules or procedures, including those set forth in subsection (a), promoting the development of an open, nondiscriminatory, and fair world economic system and if the implementation of such agreement will change any provision of Federal law (including a material change in an administrative rule), such agreement shall take effect with respect to the United States only if the appropriate implementing legislation is enacted by the Congress unless implementation of such agreement is effected pursuant to authority delegated by Congress. Such trade agreement may be submitted to the Congress for approval in accordance with the procedures of section 151. Nothing in this section shall be construed as prior approval of any legislative necessary to implement a trade agreement entered into under this section.]

[(d)] There are authorized to be appropriated annually such sums as may be necessary for the payment by the United States of its share of the

expenses of the Contracting Parties to the General Agreement on Tariffs and Trade. This authorization does not imply approval or disapproval by the Congress of all articles of the General Agreement on Tariffs and Trade.

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SEC. 123. COMPENSATION AUTHORITY.

[(a) Whenever any action has been taken under section 203 to increase or impose any duty or other import restriction, the President

[(1) may enter into trade agreements with foreign countries of instrumentalities for the purpose of granting new conces

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