Page:United States Statutes at Large Volume 88 Part 2.djvu/669

 88 STAT. ]

PUBLIC LAW 93-618-JAN. 3, 1975

SEC. 106. AGREEMENTS WITH DEVELOPING COUNTRIES. A United States negotiating objective under sections 101 and 102 shall be to enter into trade agreements which promote the economic growth of both developing countries and the United States and the mutual expansion of market opportunities. SEC. 107. INTERNATIONAL SAFEGUARD PROCEDURES. (a) A principal United States negotiating objective under section 102 shall be to obtain internationaly agreed upon rules and procedures, in the context of the harmonization, reduction, or elimination of barriers to, and other distortions of, international trade, which permit the use of temporary measures to ease adjustment to changes occurring in competitive conditions in the domestic markets of the parties to an agreement resulting from' such negotiations due to the expansion of international trade. (b) Any agreement entered into under section 102 may include provisions establishing procedures for— (1) notification of affected exporting countries, (2) international consultations, (3) international review of changes in trade flows, (4) making adjustments in trade flows as the result of such changes, and (5) international mediation. Such agreements may also include provisions which— (A) exclude, under specified conditions, the parties thereto from compensation obligations and retaliation, and (B) permit domestic pviblic procedures through which interested parties have the right to participate. SEC. 108. ACCESS TO SUPPLIES. (a) A principal United States negotiating objective under section 102 shall be to enter into trade agreements with foreign countries and instrumentalities to assure the United States of fair and equitable access at reasonable prices to supplies of articles of commerce which are important to the economic requirements of the United States and for which the United States does not have, or cannot easily develop, the necessary domestic productive capacity to supply its own requirements. (b) Any agreement entered into under section 102 may include provisions which— (1) assure to the United States the continued availability of important articles at reasonable prices, and (2) provide reciprocal concessions or comparable trade obligations, or both, by the United States. SEC. 109. STAGING REQUIREMENTS AND ROUNDING AUTHORITY. (a) Except as otherwise provided in this section, the aggregate reduction in the rate of duty on any article which is in effect on any day pursuant to a trade agreement under section 101 shall not exceed the aggregate reduction which would have been in effect on such day if— (1) a reduction of 3 percent ad valorem or a reduction of one-tenth of the total reduction, whichever is greater, had taken effect on the effective date of the first reduction proclaimed pursuant to section 101(a)(2) to carry out such agreement with respect to such article, and (2) a reduction equal to the amount applicable under paragraph (1) had taken effect at 1-year intervals after the effective date of such first reduction. This subsection shall not apply in any case where the total reduction in the rate of duty does not exceed 10 percent of the rate before the reduction.

1985 19 USC 2lie.

19 USC 2117.

19 USC 2118.

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19 USC 2119.

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