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1 world taken as a whole, taking into account its per capita 2 gross national product, the living standards of its inhabitants, 3 and any other economic factors which he deems appropriate. 4 (3) The term "major developed country" shall mean 5 any developed country which is a member of the Organization 65 for Economic Cooperation and Development and which is 7determined by the President to account for a significant 8 percentage of world trade.

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SEC. 607. EFFECTIVE PERIOD OF PREFERENCES.-No 10 preferential treatment under this title shall remain in effect 11 for a period in excess of ten years after the effective date 12 of the grant of such preferential treatment or after Decem13 ber 31, 1984, whichever is the earlier.

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TITLE VII-GENERAL PROVISIONS

SEC. 701. AUTHORITIES.-(a) The President may 16 delegate the power, authority, and discretion conferred upon 17 him by this Act to the heads of such agencies as he may 18 deem appropriate.

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(b) The head of any agency performing functions under

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(1) authorize the head of any other agency to perform any of such functions;

(2) prescribe such rules and regulations as may be

necessary to perform such functions; and

(3) to the extent necessary to perform such func

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tions, procure the temporary (not in excess of one year) or intermittent services of experts or consultants or organizations thereof, including stenographic reporting services, by contract or appointment, and in such cases such services shall be without regard to the civil service and classification laws, and, except in the case of stenographic reporting services by organizations, without regard to section 3709 of the Revised Statutes (41 U.S.C. 5).

SEC. 702. REPORTS.-(a) The President shall submit to 11 the Congress an annual report on the trade agreements pro12 gram and on import relief and adjustment assistance for 13 workers under this Act. Such report shall include information 14 regarding new negotiations; changes made in duties and non15 tariff barriers and other distortions of trade of the United 16 States; reciprocal concessions obtained; changes in trade 17 agreements (including the incorporation therein of actions 18 taken for import relief and compensation provided therefor); 19 extension or withdrawal of most-favored-nation treatment by 20 the United States with respect to the products of a foreign 21 country; extension, modification, withdrawal, suspension, or 22 limitation of preferential treatment to exports of developing 23 countries; the results of action taken to obtain removal of 24 foreign trade restrictions (including discriminatory restric25 tions) against United States exports; and the measures being

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1 taken to seek the removal of other significant foreign import 2 restrictions; other information relating to the trade agree3 ments program and to the agreements entered into there4 under, and information relating to the provision of adjustment 5 assistance for workers dislocated due to imports.

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(b) The Tariff Commission shall submit to the Con7 gress, at least once a year, a factual report on the operation 8 of the trade agreements program.

9 SEC. 703. TARIFF COMMISSION.-(a) In order to ex10 pedite the performance of its functions under this Act, the 11 Tariff Commission may conduct preliminary investigations, 12 determine the scope and manner of its proceedings, and con13 solidate proceedings before it.

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(b) In performing its functions under this Act, the Tariff Commission may exercise any authority granted to it 16 under any other Act.

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(c) The Tariff Commission shall at all times keep informed concerning the operation and effect of provisions 19 relating to duties or other import restrictions of the United 20 States contained in trade agreements entered into under the

21 trade agreements program.

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SEC. 704. SEPARABILITY.—If any provision of this Act

23 or the application of any provision to any circumstances or 24 persons shall be held invalid, the validity of the remainder

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1 of this Act, and of the application of such provision to other

2 circumstances or persons, shall not be affected thereby.

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SEC. 705. DEFINITIONS.-For the purposes of this Act: 4 (1) The term "agency" includes any United States 5 agency, department, board, instrumentality, commission, or 6 establishment, or any corporation wholly or partly owned 7 by the United States.

8 (2) The term "duty" includes the rate and form of any 9 import duty, including but not limited to tariff-rate quotas. (3) The term "other import restriction" includes a 11 limitation, prohibition, charge, and exaction other than 12 duty, imposed on importation or imposed for the regulation

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(4) The term "firm" includes an individual pro15 prietorship, partnership, joint venture, association, corpora16 tion (including a development corporation), business trust, 17 cooperative, trustees in bankruptcy, and receivers under 18 decree of any court.

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(5) An imported article is "directly competitive with" 20 a domestic article at an earlier or later stage of processing, 21 and a domestic article is "directly competitive with" an 22 imported article at an earlier or later stage of processing, 23 if the importation of the imported article has an economic 24 effect on producers of the domestic article comparable to the

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effect of importation of articles in the same stage of proc

2 essing as the domestic article. For purposes of this para

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graph, the unprocessed article is at an earlier stage of 4 processing.

5 (6) A product of a country or area is an article which 6 is the growth, produce, or manufacture of such country or

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area.

(7) The term "modification", as applied to any duty

or other import restriction, includes the elimination of any 10 duty or other import restriction.

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(8) The term "existing" without the specification of any 12 date, when used with respect to any matter relating to enter13 ing into or carrying out a trade agreement or other action 14 authorized by this Act, means existing on the day on which 15 such trade agreement is entered into or such other action is 16 taken, and, when referring to a rate of duty, refers to the 17 nonpreferential rate of duty (however established, and even 18 though temporarily suspended by Act of Congress or other19 wise) existing in column 1 of the Tariff Schedules of the 20 United States on such day.

21 (9) The term "ad valorem equivalent" means the ad 22 valorem equivalent of a specific rate or, in the case of a combination of rates including a specific rate, the sum of the ad 24 valorem equivalent of the specific rate and of the ad valorem

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25 rate. The ad valorem equivalent shall be determined by the

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