(f) All provisions of law (other than this Act, the Trade Expansion Act of 1962, and the Trade Agreements Extension Act of 1951) in effect after the date of enactment of this Act, referring to section 350 of the Tariff Act of 1930, to that section as amended, to the Act entitled "An Act to amend the Tariff Act of 1930," approved June 12, 1934, to that Act as amended or to the Trade Expansion Act of 1962, or to agreements entered into, or proclamations issued, or actions taken under any of such provisions, shall be construed, unless clearly precluded by the context, to refer also to this Act, or to agreements entered into or proclamations or orders issued, pursuant to this Act.

Sec. 603. International Trade Commission.

(a) In order to expedite the performance of its functions under this Act, the International Trade Commission may conduct preliminary investigations, determine the scope and manner of its proceedings, and consolidate proceedings before it.

(b) In performing its functions under this Act, the Commission may exercise any authority granted to it under any other Act.

(c) The Commission shall at all times keep informed concerning the operation and effect of provisions relating to duties or other import restrictions of the United States contained in trade agreements entered into under the trade agreements program.

Sec. 604. Consequential Changes in the Tariff Schedules.

The President shall from time to time, as appropriate, embody in the Tariff Schedules of the United States the substance of the relevant provisions of this Act, and of other Acts affecting import treatment, and actions thereunder, including modification, continuance, or imposition of any rate of duty or other import restriction.

Sec. 605. Separability.

If any provision of this Act or the application of any provision to any circumstances or persons shall be held invalid, the validity of the remainder of this Act, and of the application of such provision to other circumstances or persons, shall not be affected thereby.

Sec. 606. International Drug Control.

The President shall submit a report to Congress at least once each calendar year listing those foreign countries in which narcotic drugs and other controlled substances (as listed under section 202 of the Comprehensive Drug Abuse Prevention and Control Act of 1970 (21 U.S.C. 812)) are produced, processed, or transported for unlawful entry into the United States. Such report shall include a description of the measures such countries are taking to prevent such production, processing, or transport.

Sec. 607. Voluntary Limitations on Exports of Steel to the United States.

No person shall be liable for damages, penalties, or other sanctions. under the Federal Trade Commission Act (15 U.S.C. 41-77) or the Antitrust Acts (as defined in section 4 of the Federal Trade Commission Act (15 U.S.C. 44)), or under any similar State law, on account of his negotiating, entering, into, participating in, or implementing an arrangement providing for the voluntary limitation on

exports of steel and steel products to the United States, or any modification or renewal of such an arrangement, if such arrangement or such modification or renewal

(1) was undertaken prior to the date of the enactment of this Act at the request of the Secretary of State or his delegate, and (2) ceases to be effective not later than January 1, 1975.

Sec. 608. Uniform Statistical Data on Imports, Exports, and Production.

(a) Section 484 (e) of the Tariff Act of 1930 (19 U.S.C. 1484 (e) ) is amended to read as follows:

"(e) STATISTICAL ENUMERATION.-The Secretary of the Treasury, the Secretary of Commerce, and the United States International Trade Commission are authorized and directed to establish from time to time for statistical purposes an enumeration of articles in such detail as in their judgment may be necessary, comprehending all merchandise imported into the United States and exported from the United States, and shall seek, in conjunction with statistical programs for domestic production, to establish the comparability thereof with such enumeration of articles. All import entries and export declarations shall include or have attached thereto an accurate statement specifying, in terms of such detailed enumeration, the kinds and quantities of all merchandise imported and exported and the value of the total quantity of each kind of article."

(b) In carrying out the responsibilities under section 484 (c), Tariff Act of 1930 and other pertinent statutes, the Secretary of Commerce and the United States International Trade Commission shall conduct jointly a study of existing commodity classification systems with a view to identifying the appropriate principles and concepts which should guide the organization and development of an enumeration of articles which would result in comparability of United States import, production, and export data. The Secretary and the United States International Trade Commission shall submit a report to both Houses of Congress and to the President with respect to such study no later than August 1, 1975.

(c) In further connection with its responsibilities pursuant to subsections (a) and (b), the United States International Trade Commission shall undertake an investigation under section 332(g) of the Tariff Act of 1930 28 which would provide the basis for

(1) a report on the appropriate concepts and principles which should underlie the formulation of an international commodity code adaptable for modernized tariff nomenclature purposes and for recording, handling, and reporting of transactions in national and international trade, taking into account how such a code could meet the needs of sound customs and trade reporting practices reflecting the interests of United States and other countries, such report to be submitted to both Houses of Congress and to the President as soon as feasible, but in any event, no later than June 1, 1975; and

(2) full and immediate participation by the United States International Trade Commission in the United States contribu

19 U.S.C. 1332.

tion to technical work of the Harmonized Systems Committee under the Customs Cooperation Council to assure the recognition of the needs of the United States business community in the development of a Harmonized Code reflecting sound principles of commodity identification and specification and modern producing methods and trading practices, and, in carrying out such responsibilities, the Commission shall report to both Houses of Congress and to the President, as it deems appropriate.

(d) The President is requested to direct the appropriate agencies to cooperate fully with the Secretary of Commerce and the United States International Trade Commission in carrying out their responsibilities under subsections (a), (b), and (c).

(e) The amendment made by subsection (a) insofar as it relates to export declarations shall take effect on January 1, 1976.

Sec. 609. Submission of Statistical Data on Imports and Exports. (a) Section 301 of title 13, United States Code, is amended—

(1) by inserting "(a)" before "The Secretary"; and

(2) by adding at the end thereof the following new subsections: "(b) The Secretary shall submit to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate, on quarterly and cumulative bases, statistics on United States imports for consumption and United States exports by country and by product. Statistics on United States imports shall be submitted in accordance with the Tariff Schedules of the United States Annotated and general statistical headnote 1 thereof, in detail as follows:

"(1) net quantity;

"(2) United States customs value;
"(3) purchase price or its equivalent;

"(4) equivalent of arm's length value;

"(5) aggregate cost from port of exportation to United States port of entry;

"(6) a United States port of entry value comprised of (5) plus (4), if applicable, or, if not applicable, (5) plus (3); and "(7) for transactions where (3) and (4) are equal, the total value of such transactions.

The data for paragraphs (1), (2), (3), (5), and (6) shall be reported separately for nonrelated and related party transactions, and shall also be reported as a total of all transactions.

"(c) In submitting any information under subsection (b) with respect to exports, the Secretary shall state separately from the total value of all exports

"(1)(A) the value of agricultural commodities exported under the Agricultural Trade Development and Assistance Act of 1954, as amended; and

"(B) the total amount of all export subsidies paid to exporters by the United States under such Act for the exportation of such commodities; and

"(2) the value of goods exported under the Foreign Assistance. Act of 1961.

"(d) To assist the Secretary to carry out the provisions of subsections (b) and (c)—

"(1) the Secretary of Agriculture shall furnish information to the Secretary concerning the value of agricultural commodities exported under provisions of the Agricultural Trade Development and Assistance Act of 1954, as amended, and the total amounts of all export subsidies paid to exporters by the United States under such Act for the exportation of such commodities; and

"(2) the Secretary of State shall furnish information to the Secretary concerning the value of goods exported under the provisions of the Foreign Assistance Act of 1961, as amended." (b) The amendments made by subsection (a) shall take effect on January 1, 1975.

Sec. 610. Gifts Sent from Insular Possessions.

(a) Section 321(a)(2)(A) of the Tariff Act of 1930 (19 U.S.C. 1321(a)(2)(A)) is amended by inserting after "United States" the following: "($20, in the case of articles sent as bona fide gifts from persons in the Virgin Islands, Guain, and American Samoa)

(b) The amendment made by subsection (a) shall apply with respect to articles entered, or withdrawn from warehouse, for consumption after the date of the enactment of this Act.

Sec. 611. Review of Protests in Import Surcharge Cases.

Notwithstanding the provisions of section 515(a) of the Tariff Act of 1930 (19 U.S.C. 1515(a)), in the case of any protest under section 514 of such Act involving the imposition of an import surcharge in the form of a supplemental duty pursuant to Presidential Proclamation 4074, dated August 17, 1971, the time for review and allowing or denying the protest shall not expire until five years from the date the protest was filed in accordance with such section 514.

Sec. 612. Trade Relations With Canada.

It is the sense of the Congress that the United States should enter into a trade agreement with Canada which will guarantee continued stability to the economies of the United States and Canada. In order to promote such economic stability, the President may initiate negotiations for a trade agreement with Canada to establish a free trade area covering the United States and Canada. Nothing in this section shall be construed as prior approval of any legislation which may be necessary to implement such a trade agreement.

Sec. 613. Limitation on Credit to Russia.

After the date of enactment of the Trade Act of 1974, no agency of the Government of the United States, other than the Commodity Credit Corporation, shall approve any loans, guarantees, insurance, or any combination thereof, in connection with exports to the Union of Soviet Socialist Republics in an aggregate amount in excess of $300,000,000 without prior congressional approval as provided by law.

b. Executive Order 11888, November 24, 1975, 40 F.R. 552761

IMPLEMENTING THE GENERALIZED SYSTEM OF PREFERENCES

The Trade Act of 1974 authorizes the establishment of a Generalized System of Preferences for eligible articles imported from beneficiary developing countries.

The President has designated and may, by Executive order, designate certain countries as beneficiary developing countries, after having determined that such designations are in accordance with the provisions of the Trade Act of 1974 and after having provided the necessary information to the Congress, pursuant to Section 502 of the Trade Act of 1974. The necessary determinations have been made and the appropriate information has been furnished the Congress.

The President may, by Executive order, designate articles eligible for duty-free treatment after receiving advice from appropriate agencies, public comment, and the advice of the International Trade Commission. That advice has been received, as requested, by reference to item numbers, and statistical divisions thereof, contained in the Tariff Schedules of the United States, hereinafter sometimes referred to as TSUS.

Since not every article within the group represented by an item number of the Tariff Schedules of the United States is eligible for duty-free treatment under a Generalized System of Preferences, it is necessary to subdivide some of the existing item numbers.

In order to implement the Generalized System of Preferences and to remove expired provisions of the TSUS, relating to the Philippine Republic and the Trust Territory of the Pacific Islands, it is necessary to amend the Tariff Schedules of the United States, thus embodying the substance of relevant provisions of the Trade Act of 1974, and of actions taken thereunder, into the Tariff Schedules of the United States.

Now, Therefore, by virtue of the authority vested in me by the Constitution and statutes of the United States of America, including

1 Supersedes Executive Order 11844, March 24, 1975, 40 F.R. 13295. Annex I mentioned in this Executive Order may be found in 40 F.R. 55284. Further amendments to Annex I may be found in F.R. 37086 and Executive Order 12041, February 25, 1978. 43 F.R. 8099. Executive Order 11906, February 27, 1976, 41 F.R. 8758, amended Annexes II and III mentioned in the Executive Order. For the new text of Annex II. see 41 F.R. 8762. Annexes II and III were further amended by Executive Order 11934, August 30, 1976, 41 F.R. 37084, Executive Order 11960. January 19, 1977, 42 F.R. 4317 (subsequently revoked on February 25, 1977), Executive Order 11974. February 25, 1977, 42 F.R. 11230A, Executive Order 12032, Dec. 27, 1977, 42 F.R. 64851, and Executive Order 12041, February 25, 1978, 43 F.R. 8099. Annex II was further amended by Executive Order 12104, December 15, 1978, 43 F.R. 59053. For new text of Annex III, see 43 F.R. 8104. Executive Order 11906 provided that the provisions in that Order "shall become effective with respect to articles that are entered for consumption, or withdrawn from warehouse for consumption, on or after February 29. 1976." The amendments made to Annexes I, II, and III by Executive Order 11934 became effective "with respect to articles both imported on or after January 1, 1976. and entered for consumption, or withdrawn from warehouse for consumption, on or after October 1, 1976." Executive Order 11974 provided that amendments made by it shall be effective "with respect to articles both: (1) imported on or after January 1, 1976, and (2) entered, or withdrawn from warehouse, for consumption on or after March 1, 1977." Executive Order 12032 provided that amendments made by it shall be effective "with respect to articles that are both: (1) imported on or after January 1, 1976, and (2) entered or withdrawn from warehouse for consumption, on or after January 1, 1978." Executive Order 12041 provided that amendments made by it shall be effective "with respect to articles that are both: (1) imported on or after January 1, 1976, and (2) entered, or withdrawn from warehouse, for consumption on or after March 1, 1978." Executive Order 12104 provided that amendments made by it shall be effective "with respect to articles entered, or withdrawn from warehouse, for consumption on or after March 13, 1978, and as to which the liquidation of the entries or withdrawals have not become final and conclusive under Section 514 of the Tariff Act of 1930 (19 U.S.C. 1514)."