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Trade Act of 1974 : ウィキペディア英語版 | Trade Act of 1974
The Trade Act of 1974 (, codified at 〔(19 U.S.C. ch.12—Trade Act of 1974 )〕) was passed to help industry in the United States become more competitive or phase workers into other industries or occupations. ==Fast track authority==
The Trade Act of 1974 created fast track authority for the President to negotiate trade agreements that Congress can approve or disapprove but cannot amend or filibuster. The Act provided the President with tariff and non-tariff trade barrier negotiating authority for the Tokyo Round of multilateral trade negotiations. Gerald Ford was the President at the time. The fast track authority created under the Act was set to expire in 1980, was extended for 8 years in 1979,〔Trade Agreements Act of 1979, , 〕 was renewed again in 1988 until 1993 to accommodate negotiation of the Uruguay Round conducted within the framework of the General Agreement on Tariffs and Trade (GATT),〔Omnibus Trade and Competitiveness Act of 1988, 〕 and was again extended to 16 April 1994,〔, enacted July 2, 1993, codified at 〕 a day after the Uruguay Round concluded in the Marrakech Agreement transforming the GATT into the World Trade Organization (WTO). It and was restored in 2002 by the Trade Act of 2002. The Obama Administration sought renewal for fast-track in 2012.
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