|
U.S. Code as of:
01/19/04
Section 2503. Approval of trade agreements
(a) Approval of agreements and statements of administrative action
In accordance with the provisions of sections 2112 and 2191 of
this title, the Congress approves the trade agreements described in
subsection (c) of this section submitted to the Congress on June
19, 1979, and the statements of administrative action proposed to
implement such trade agreements submitted to the Congress on that
date.
(b) Acceptance of agreements by the President
(1) In general
The President may accept for the United States the final legal
instruments or texts embodying each of the trade agreements
approved by the Congress under subsection (a) of this section.
The President shall submit a copy of each final instrument or
text to the Congress on the date such text or instrument is
available, together with a notification of any changes in the
instruments or texts, including their annexes, if any, as
accepted and the texts of such agreements as submitted to the
Congress under subsection (a) of this section. Such final legal
instruments or texts shall be deemed to be the agreements
submitted to and approved by the Congress under subsection (a) of
this section if such changes are -
(A) only rectifications of a formal character or minor
technical or clerical changes which do not affect the substance
or meaning of the texts as submitted to the Congress on June
19, 1979, or
(B) changes in annexes to such agreements, and the President
determines that the balance of United States rights and
obligations under such agreements is maintained.
(2) Application of agreement between the United States and other
countries
No agreement accepted by the President under paragraph (1)
shall apply between the United States and any other country
unless the President determines that such country -
(A) has accepted the obligations of the agreement with
respect to the United States, and
(B) should not otherwise be denied the benefits of the
agreement with respect to the United States because such
country has not accorded adequate benefits, including
substantially equal competitive opportunities for the commerce
of the United States to the extent required under section
2136(c) (!1) of this title, to the United States.
(3) Limitation on acceptance concerning major industrial
countries
The President may not accept an agreement described in
paragraph (1), (2), (3), (4), (5), (6), (7), (9), (10), or (11)
of subsection (c) of this section, unless he determines that each
major industrial country (as defined in section 2136(d) (!1) of
this title) is also accepting the agreement. Notwithstanding the
preceding sentence, the President may accept such an agreement,
if he determines that only one major industrial country is not
accepting that agreement and the acceptance of that agreement by
that country is not essential to the effective operation of the
agreement, and if -
(A) that country is not a major factor in trade in the
products covered by that agreement,
(B) the President has authority to deny the benefits of the
agreement to that country and has taken steps to deny the
benefits of the agreement to that country, or
(C) a significant portion of United States trade would
benefit from the agreement, notwithstanding such nonacceptance,
and the President determines and reports to the Congress that
it is in the national interest of the United States to accept
the agreement.
For purposes of this paragraph, the acceptance of an agreement by
the European Communities on behalf of its member countries shall
also be treated as acceptance of that agreement by each member
country, and acceptance of an agreement by all the member
countries of the European Communities shall also be treated as
acceptance of that agreement by the European Communities.
(c) Trade agreements to which this Act applies
The trade agreements to which subsection (a) of this section
applies are the following:
(1) The Agreement on Implementation of Article VII of the
General Agreement on Tariffs and Trade (relating to customs
valuation).
(2) The Agreement on Government Procurement.
(3) The Agreement on Import Licensing Procedures.
(4) The Agreement on Technical Barriers to Trade (relating to
product standards).
(5) The Agreement on Interpretation and Application of Articles
VI, XVI, and XXIII of the General Agreement on Tariffs and Trade
(relating to subsidies and countervailing measures).
(6) The Agreement on Implementation of Article VI of the
General Agreement on Tariffs and Trade (relating to antidumping
measures).
(7) The International Dairy Arrangement.
(8) Certain bilateral agreements on cheese, other dairy
products, and meat.
(9) The Arrangement Regarding Bovine Meat.
(10) The Agreement on Trade in Civil Aircraft.
(11) Texts Concerning a Framework for the Conduct of World
Trade.
(12) Certain Bilateral Agreements to Eliminate the Wine-Gallon
Method of Tax and Duty Assessment.
(13) Certain other agreements to be reflected in Schedule XX of
the United States to the General Agreement on Tariffs and Trade,
including Agreements -
(A) to Modify United States Watch Marking Requirements, and
to Modify United States Tariff Nomenclature and Rates of Duty
for Watches,
(B) to Provide Duty-Free Treatment for Agricultural and
Horticultural Machinery, Equipment, Implements, and Parts
Thereof, and
(C) to Modify United States Tariff Nomenclature and Rates of
Duty for Ceramic Tableware.
(14) The Agreement with the Hungarian People's Republic.
|
|