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Code · STATUTE-COMPILATIONS · Trade Act of 1974 · Sec. 126

Sec. 126. RECIPROCAL NONDISCRIMINATORY TREATMENT

322 words·~1 min read·/statute-compilations/comps-10384/sec-126

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## SEC. 126 RECIPROCAL NONDISCRIMINATORY TREATMENT ###
(a)Except as otherwise provided in this Act or in any other provision of law, any duty or other import restriction or duty-free treatment proclaimed in carrying out any trade agreement under this title shall apply to products of all foreign countries, whether imported directly or indirectly. ###
(b)The President shall determine, after the conclusion of all negotiations entered into under this Act or at the end of the 5-year period beginning on the date of enactment of this Act, whichever is earlier, whether any major industrial country has failed to make concessions under trade agreements entered into under this Act which provide competitive opportunities for the commerce of the United States in such country substantially equivalent to the competitive opportunities, provided by concessions made by the United States under trade agreements entered into under this Act, for the commerce of such country in the United States. ###
(c)If the President determines under subsection
(b)that a major industrial country has not made concessions under trade agreements entered into under this Act which provide substantially equivalent competitive opportunities for the commerce of the United States, he shall, either generally with respect to such country or by article produced by such country, in order to restore equivalence of competitive opportunities, recommend to the Congress— ####
(1)legislation providing for the termination or denial of the benefits of concessions of trade agreements entered into under this Act made with respect to rates of duty or other import restrictions by the United States; and ####
(2)that any legislation necessary to carry out any trade agreement under section 102 shall not apply to such country. ###
(d)For purposes of this section, “major industrial country” means Canada, the European Economic Community, the individual member countries of such Community, Japan, and any other foreign country designated by the President for purposes of this subsection. **[**[19 U.S.C. 2136](/us/usc/t19/s2136)**]**
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Sec. 126
RECIPROCAL NONDISCRIMINATORY TREATMENT
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