COMMITTEE ON FINANCE

COMMITTEE ON AGRICULTURE, NUTRITION, AND FORESTRY

COMMITTEE ON GOVERNMENTAL AFFAIRS OF THE (случен

UNITED STATES, SENATE '

"

TO ACCOMPANY

S. 2467

NOVEMBER 22, 1994.-Ordered to be printed

Filed under authority of the order of the Senate of October 3 (legislative

day, September 12), 1994

84-457-CC

U.S. GOVERNMENT PRINTING OFFICE

WASHINGTON: 1994

19948

CONTENTS

man

I. Reports and Other Materials of the Committees:

Preliminary Statement

Part I: Report of the Committee on Finance

A. Background:

Overview of the Negotiations and Agreements

Congressional Consideration of the Agreements

B. Summary of the Bill

C. General Description of the Bill:

Short Title and Table of Contents (Section 1)

Definitions (Section 2)

Title I-Approval of, and General Provisions Relating to, the Uru-
guay Round Agreements

Subtitle A-Approval of Agreements and Related Provisions:

Approval and Entry into Force of the Agreements (Section

101)

Relationship of the Agreements to U.S. Law and State Law

(Section 102)

Implementing Actions; Regulations (Section 103)

Subtitle B-Tariff Modifications:

Tariff Modifications (Section 111)

Implementation of Schedule XX Provisions on Ship Repairs

(Section 112)

Liquidation or Reliquidation and Refund of Duty Paid on Cer-

tain Entries (Section 113)

Modifications to the HTSUS (Section 114)

Consultation and Layover Requirements for, and Effective

Date of, Proclaimed Actions (Section 115)

Effective Date (Section 116)

Subtitle C-Uruguay Round Implementation and Dispute Settle-

ment:

Definitions (Section 121) ....

Implementation of Agreements (Section 122)

Dispute Settlement Panels and Procedures (Section 123)

Annual Report on the WTO (Section 124)

Review of Participation in the WTO (Section 125)

Increased Transparency (Section 126)

Access to the WTO Dispute Settlement Process (Section 127)

Advisory Committee Participation (Section 128)

Administrative Action Following WTO Panel Reports (Section

129).

Effective Date (Section 130)

Subtitle D-Related Provisions:

Working Party on Worker Rights (Section 131)

Implementation of Rules of Origin Work Program (Section

132)

Membership in WTO of Boycotting Countries (Section 133)

Africa Trade and Development Policy (Section 134)

Objectives for Extended Negotiations (Section 135)

Repeal of Tax on Imported Perfumes; Drawback of Tax on

Distilled Spirits Used in Perfume Manufacture (Section 136)

Certain Nonrubber Footwear (Section 137)

Effective Date (Section 138)

Title II-Antidumping and Countervailing Duty Provisions:
Overview of Title II

.................

(III)