Trade Act of 1974 in the United States

Trade Act of 1974 in the International Business Landscape

Definition of Trade Act of 1974 in the context of U.S. international business and public trade policy: Legislation signed into law on 3 January 1975 which granted the president authority to enter the Tokyo Round and negotiate international agreements to reduce tariffs and NTBs. (See also fast-track procedures.) the act also amended US law governing the escape clause, antidumping, and countervailing duties; expanded trade adjustment assistance; established guidelines for granting MFN status to East bloc states; and granted limited trade preferences (GSP) to less developed countries.

Trade Act of 1974

In Legislation

Trade Act of 1974 in the U.S. Code: Title 19, Chapter 12

The current, permanent, in-force federal laws regulating trade act of 1974 are compiled in the United States Code under Title 19, Chapter 12. It constitutes “prima facie” evidence of statutes relating to Customs Duties (including trade act of 1974) of the United States. The reader can further narrow his/her legal research of the general topic (in this case, Trade Act of 1974 and Trade of the US Code, including trade act of 1974) by chapter and subchapter.