Page:United States Statutes at Large Volume 110 Part 1.djvu/987

 PUBLIC LAW 104-127 —APR. 4, 1996 110 STAT. 963 (7) in subsection (1)(1)— (A) by striking "1991 through 1995" and inserting "1996 through 2002"; and (B) by inserting ", and to provide technical assistance for monetization programs," after "monitoring of food assistance programs"; and (8) in subsection (m)^ (A) by striking "with respect to the independent states of the former Soviet Union"; (B) by striking "private voluntary organizations and cooperatives" each place it appears and inserting "agricultural trade organizations, intergovernmental organizations, private voluntary organizations, and cooperatives"; and (C) in paragraph (2), by striking "in the independent states". SEC. 228. USE OF FOREIGN CURRENCY PROCEEDS FROM EXPORT SALES FINANCING. Section 402 of the Mutual Security Act of 1954 (22 U.S.C. 1922) is repealed. SEC. 229. STIMULATION OF FOREIGN PRODUCTION. Section 7 of the Act of December 30, 1947 (61 Stat. 947, chapter 526; 50 U.S.C. App. 1917), is repealed. Subtitle B—Amendments to Agricultural Trade Act of 1978 SEC. 241. AGRICULTURAL EXPORT PROMOTION STRATEGY. (a) IN GENERAL.—Section 103 of the Agricultural Trade Act of 1978 (7 U.S.C. 5603) is amended to read as follows: "SEC. 103. AGRICULTURAL EXPORT PROMOTION STRATEGY. "(a) IN GENERAL. —The Secretary shall develop a strategy for implementing Federal agricultural export promotion programs that takes into account the new market opportunities for agricultural products, including opportunities that result from— "(1) the North American Free Trade Agreement and the Uruguay Round Agreements; "(2) any accession to membership in the World Trade Organization; "(3) the continued economic growth in the Pacific Rim; and "(4) other developments. "(b) PURPOSE OF STRATEGY.—The strategy developed under subsection (a) shall encourage the maintenance, development, and expansion of export markets for United States agricultural commodities and related products, including high-value and value-added products. "(c) GOALS OF STRATEGY.— The strategy developed under subsection (a) shall have the following goals: "(1) Increase the value of United States agricultural exports each year. "(2) Increase the value of United States agricultural exports each year at a faster rate than the rate of increase in the value of overall world export trade in agricultural products.

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