Page:United States Statutes at Large Volume 98 Part 3.djvu/646

 98 STAT. 3018 19 USC 1337, 19 USC 2251 et seq., 2411 et seq.

PUBLIC LAW 98-573—OCT. 30, 1984

v n of the Tariff Act of 1930, chapter 1 of title II and chapter 1 of which relief from injury caused by import competition or by unfair import trade practices may be sought.
 * ^*^? ^^^ °^ *^® Trade Act of 1974, or any other provision of law under

Generalized SSnces

TITLE V—GENERALIZED SYSTEM OF PREFERENCES RENEWAL

Renewal Act of 1984.

SECTION 501. SHORT TITLE; STATEMENT OF PURPOSE.

19 USC 2101 note. 19 USC 2461

(a) This title may be cited as the "Generalized System of Preferences Renewal Act of 1984". (b) The purpose of this title is to—

not®-

(1) promote the development of developing countries, which

often need temporary preferential advantages to compete effectively with industrialized countries; (2) promote the notion that trade, rather than aid, is a more effective and cost-efficient way of promoting broad-based sustained economic development; (3) take advantage of the fact that developing countries provide the fastest growing markets for United States exports and that foreign exchange earnings from trade with such countries through the Generalized System of Preferences can further stimulate United States exports; (4) allow for the consideration of the fact that there are significant differences among developing countries with respect to their general development and international competitiveness; (5) encourage the providing of increased trade liberalization measures, thereby setting an example to be emulated by other industrialized countries; (6) recognize that a large number of developing countries must generate sufficient foreign exchange earnings to meet international debt obligations; (7) promote the creation of additional opportunities for trade among the developing countries; (8) integrate developing countries into the international trading system with its attendant responsibilities in a manner commensurate with their development; (9) encourage developing countries— (A) to eliminate or reduce significant barriers to trade in goods and services and to investment, (B) to provide effective means under which foreign nationals may secure, exercise, and enforce exclusive intellectual property rights, and (C) to afford workers internationaly recognized worker rights; and (10) address the concerns listed in the preceding paragraphs in a manner that— (A) does not adversely affect United States producers and workers, and (B) conforms to the international obligations of the United States under the General Agreement on Tariffs and TIAS1700.

Trade. SEC.

502. CONSIDERATION OF A BENEFICIARY DEVELOPING COUNTRY'S COMPETITIVENESS IN EXTENDING PREFERENCES.

Section 501 of the Trade Act of 1974 (19 U.S.C. 2461) is amended—

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