Page:United States Statutes at Large Volume 94 Part 2.djvu/1278

 94 STAT. 2556

PUBLIC LAW 96-490—DEC. 2, 1980

Public Law 96-490 96th Congress An Act Dec. 2, 1980 [H.R. 7942] Customs valuation. Trade agreement protocol, approval and implementation. 19 USC 2503 note.

To approve and implement the protocol to the trade agreement relating to customs valuation, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. APPROVAL OF PROTOCOL TO THE TRADE AGREEMENT RELATING TO CUSTOMS VALUATION.

(a) APPROVAL OF PROTOCOL.—In accordance with the provisions of sections 102 and 151 of the Trade Act of 1974 (19 U.S.C. 2112 and 2191), the Congress approves— (1) the trade agreement entitled "Protocol to the Agreement on Implementation of Article VII of the General Agreement on Tariffs and Trade" (hereinafter in this Act referred to as the "Protocol") submitted to the Congress on August 1, 1980; and (2) the statement of administrative action proposed to implement such trade agreement submitted to the Congress on that date. (b) ACCEPTANCE OF PROTOCOL BY THE PRESIDENT.—

(1) IN GENERAL.—Subject to paragraph (2), the President may accept the Protocol for the United States. (2) LIMITATION ON ACCEPTANCE OF PROTOCOL.—Paragraph (3) of

section 203) of the Trade Agreements Act of 1979 (19 U.S.C. 2503(b)(3)) (relating to the limitation on acceptance of trade agreements concerning major industrial countries) applies to the Protocol and for such purpose the Protocol shall be treated as a trade agreement that is referred to in such paragraph (3). (c) APPLICATION OF PROTOCOL.—Paragraph (2) of section 2(b) of such Act of 1979 (19 U.S.C. 2503a>)(2)) (relating to the application of agreements between the United States and other countries) applies to the Protocol and for such purpose the Protocol shall be treated as a trade agreement that is accepted by the President under paragraph (1) of such section 2(b). (d) RELATIONSHIP OF PROTOCOL TO UNITED STATES LAW.—Subsec-

19 USC 2503.

tions (a), (b), (c), and (f) of section 3 of such Act of 1979 (19 U.S.C. 2504 (a), (b), (c), and (f)) (relating to the priority of domestic law in case of conflict, implementing regulations, statutory changes to implement agreement amendments, and disclaimer regarding the creation of any private right of action or remedy) apply to the Protocol and for such purpose the Protocol shall be treated as a trade agreement approved by the Congress under section 2(a) of such Act of 1979.

19 USC 1401a note.

SEC. 2. CONSEQUENTIAL AMENDMENT TO UNITED STATES LAW RELATING TO CUSTOMS VALUATION.

93 Stat. 194. 19 USC 1202.

Effective on the latest of— (1) the date on which the amendments made by title II of the Trade Agreements Act of 1979 (except the amendments made by section 223(b)) take effect,

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