Changes Needed in Administering Relief to Industries Hurt By Overseas Competition.
GENERAL ACCOUNTING OFFICE WASHINGTON DC INTERNATIONAL DIV
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The Trade Act of 1974 contains an escape clause which allows industries adversely affected by overseas competition an opportunity to become more competitive. If the International Trade Commission determines that an industry is or may be injured from increased imports, it recommends an appropriate remedy to the President, who takes the U.S. national economic interest into consideration in deciding whether or not to provide relief. GAO recommends a number of steps the International Trade Commission and the Office of the U.S. Trade Representative should take to improve adminstration of this program. Author
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