The Presidents authority to retaliate in the case of unfair trade practices by our trading partners. both against American imports in their own markets or to third country markets. is expanded. Additionally. title IV of the bill provides carefully circumscribed authority for the President to extend nondiscriminatory tariff treatment to countries which are not now entitled to that treatment. The right to grant this treatment would. as the Members know. be limited to insure that it is not extended to countries with restrictive emigration policies. The bill also provides authority for the United States to participate in a generalized system if tariff preferences to underdeveloped countries. This carefully limited authority will enable the United States to join with our trading partners in providing a system of tariff preferences to enable these countries to develop their own productive capacity.
Keywords matched
emigration