Page:United States Statutes at Large Volume 102 Part 2.djvu/129

 PUBLIC LAW 100-418—AUG. 23, 1988

102 STAT. 1133

102, as appropriate, of the Trade Act of 1974 (19 U.S.C. 2111 or 2112); and (2) any proclamation or Executive order issued pursuant to a trade agreement entered into under section 1102 shall be treated as a proclamation or Executive order issued pursuant to a trade agreement entered into under section 102 of the Trade Act of 1974. (b) RECIPROCAL NONDISCRIMINATORY TREATMENT.—

President of U.S.

(1) The President shall determine, before June 1, 1993, whether any major industrial country has failed to make concessions under trade agreements entered into under section 1102 (a) and (b) which provide competitive opportunities for the commerce of the United States in such country substantially equivalent to the competitive opportunities, provided by concessions made by the United States under trade agreements entered into under section 1102(a) and OJ), for the commerce of such country in the United States. (2) If the President determines under paragraph (1) that a major industrial country has not made concessions under trade agreements entered into under section 1102(a) and 0)) which provide substantially equivalent competitive opportunities for the commerce of the United States, the President shall, either generally with respect to such country or by article produced by such country, in order to restore equivalence of competitive opportunities, recommend to the Congress— (A) legislation providing for the termination or denial of the benefits of concessions of trade agreements entered into under section 1102(a) and (b) that have been made with respect to rates of duty or other import restrictions imposed by the United States, and (B) legislation providing that any law necessary to carry out any trade agreement under section 1102(a) or 0)) not apply to such country. (3) For purposes of this subsection, the term "major industrial country" means Canada, the European Communities, the individual member countries of the European Communities, Japan, and any other foreign country designated by the President for purposes of this subsection. SEC. 1106. ACCESSION OF STATE TRADING REGIMES TO THE GENERAL 19 USC 2905. AGREEMENT ON TARIFFS AND TRADE.

(a) IN GENERAL.—Before any major foreign country accedes, after President of U.S. the date of enactment of this Act, to the GATT the President shall determine— (1) whether state trading enterprises account for a significant share of— (A) the exports of such major foreign country, or (B) the goods of such major foreign country that are subject to competition from goods imported into such foreign country; and (2) whether such state trading enterprises— (A) unduly burden and restrict, or adversely affect, the foreign trade of the United States or the United States economy, or (B) are likely to result in such a burden, restriction, or effect.

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