Page:United States Statutes at Large Volume 110 Part 1.djvu/999

 PUBLIC LAW 104-127—APR. 4, 1996 110 STAT. 975 (A) by striking "(b)"; and (B) by striking paragraphs (1) through (4) and inserting the following: "(1) be the premier supplier of agricultural and food products to world markets and expand exports of high value products; "(2) support the principle of free trade and the promotion of fair trade in agricultural commodities and products; "(3) cooperate fully in all efforts to negotiate with foreign countries further reductions in tariff and nontariff barriers to trade, including sanitary and phytosanitary measures and trade-distorting subsidies; "(4) aggressively counter unfair foreign trade practices as a means of encouraging fairer trade;". SEC. 268. POLICY ON TRADE LIBERALIZATION. Section 1122 of the Food Security Act of 1985 (7 U.S.C. 1736q) is repealed. SEC. 269. AGRICULTURAL TRADE NEGOTIATIONS. Section 1123 of the Food Security Act of 1985 (7 U.S.C. 1736r) is amended to read as follows: "SEC. 1123. TRADE NEGOTIATIONS POLICY. " (a) FINDINGS. —Congress fmds that— "(1) on a level playing field, United States producers are the most competitive suppliers of agricultural products in the world; "(2) exports of United States agricultural products accounted for $54,000,000,000 in 1995, contributing a net $24,000,000,000 to the merchandise trade balance of the United States and supporting approximately 1,000,000 jobs; "(3) increased agricultural exports are critical to the future of the farm, rural, and overall United States economy, but the opportunities for increased agricultural exports are limited by the unfair subsidies of the competitors of the United States, and a variety of tariff and nontariff barriers to highly competitive United States agricultural products; "(4) international negotiations can play a key role in breaking down barriers to United States agricultural exports; "(5) the Uruguay Round Agreement on Agriculture made significant progress in the attainment of increased market access opportunities for United States exports of agricultural products, for the first time— "(A) restraining foreign trade-distorting domestic support and export subsidy programs; and "(B) developing common rules for the application of sanitary and phytosanitary restrictions; that should result in increased exports of United States agricultural products, jobs, and income growth in the United States; "(6) the Uruguay Round Agreement on Agriculture did not succeed in completely eliminating trade distorting domestic support and export subsidies by— "(A) allowing the European Union to continue unreasonable levels of spending on export subsidies; and "(B) failing to discipline monopolistic state trading entities, such as the Canadian Wheat Board, that use

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