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Trade Agreements Act of 1979

From Wikipedia, the free encyclopedia

Trade Agreements Act of 1979
Great Seal of the United States
Long titleAn Act to approve and implement the trade agreements negotiated under the Trade Act of 1974, and for other purposes.
NicknamesDistilled Spirits Tax Revision Act of 1979
Enacted bythe 96th United States Congress
EffectiveJuly 26, 1979
Citations
Public law96-39
Statutes at Large93 Stat. 144
Codification
Titles amended19 U.S.C.: Customs Duties
U.S.C. sections created19 U.S.C. ch. 13 § 2501 et seq.
Legislative history

The Trade Agreements Act of 1979 (TAA), Pub. L.Tooltip Public Law (United States) 96–39, 93 Stat. 144, enacted July 26, 1979, codified at 19 U.S.C. ch. 13 (19 U.S.C. §§ 25012581), is an Act of Congress that governs trade agreements negotiated between the United States and other countries under the Trade Act of 1974. It provided the implementing legislation for the Tokyo Round of the General Agreement on Tariffs and Trade.

The stated purposes of the TAA are:

  • Approve and implement the trade agreements negotiated under the Trade Act of 1974
  • Foster the growth and maintenance of an open world trading system
  • Expand opportunities for the commerce of the United States in international trade
  • Improve the rules of international trade and to provide for the enforcement of such rules, and for other purposes[1]

The TAA can restrict procurement of goods and services for federal contracts, if the program management office decides to check TAA compliance. In many ways the TAA supersedes the Buy American Act, because the TAA allows the President to waive the Buy American Act under certain conditions. Federal Acquisition Regulations (FAR) Subpart 25.4 includes guidance for TAA compliance.[2] In general, a product is TAA compliant if it is made in the United States or a "Designated Country". Designated Countries include:

Notably absent from the list is the People's Republic of China. A full list of Designated Countries is in FAR 25.003.[3]

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Transcription

References

  1. ^ 19 U.S.C. § 2502 Archived 2024-02-11 at the Wayback Machine, Congressional statement of purposes
  2. ^ Federal Acquisition Regulations, Subpart 25.4 Archived 2022-08-02 at the Wayback Machine, Trade Agreements
  3. ^ Federal Acquisition Regulations, § 25.003 Archived 2022-05-31 at the Wayback Machine, Definitions ("Designated country")

External links


This page was last edited on 11 February 2024, at 00:46
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