Page:United States Statutes at Large Volume 102 Part 2.djvu/123

 PUBLIC LAW 100-418—AUG. 23, 1988

102 STAT. 1127

within an implementing bill provided for under section 1103 and that bill is enacted into law. (h) AGREEMENTS REGARDING NONTARIFF BARRIERS.—

(1) Whenever the President determines that any barrier to, or other distortion of, international trade— (A) unduly burdens or restricts the foreign trade of the United States or adversely affects the United States economy; or (B) the imposition of any such barrier or distortion is likely to result in such a burden, restriction, or effect; and that the purposes, policies, and objectives of this title will be promoted thereby, the President may, before June 1, 1993, enter into a trade agreement with foreign countries providing for— (i) the reduction or elimination of such barrier or other distortion; or (ii) the prohibition of, or limitations on the imposition of, such barrier or other distortion. (2) A trade agreement may be entered into under this subsection only if such agreement makes progress in meeting the applicable objectives described in section 1101. (c) BILATERAL AGREEMENTS REGARDING TARIFF AND NONTARIFF BARRIERS.—

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(1) Before June 1, 1993, the President may enter into bilateral trade agreements with foreign countries that provide for the elimination or reduction of any duty imposed by the United States. A trade agreement entered into under this paragraph may also provide for the reduction or elimination of barriers to, or other distortions of, the international trade of the foreign country or the United States. (2) Notwithstanding any other provision of law, no trade benefit shall be extended to any country by reason of the extension of any trade benefit to another country under a trade agreement entered into under paragraph (1) with such other country. (3) A trade agreement may be entered into under paragraph (1) with any foreign country only if— (A) the agreement makes progress in meeting the applicable objectives described in section 1101; (B) such foreign country requests the negotiation of such an agreement; and (C) the President, at least 60 days before the date notice is provided under section 1103(a)(1)(A)— (i) provides written notice of such negotiations to the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives, and (ii) consults with such committees regarding the negotiation of such agreement. (4) The 60-day period of time described in paragraph (3)(B) shall be computed in accordance with section 1103(f). (5) In any case in which there is an inconsistency between any provision of this Act and any bilateral free trade area agreement that entered into force and effect with respect to the United States before January 1, 1987, the provision shall not apply with respect to the foreign country that is party to that agreement.

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