If—
section 3105(a) of this title the President has taken action under with respect to any foreign country, and
section 3501 of this title such action is found to be inconsistent with the international obligations of the United States, including the WTO Agreement and the multilateral trade agreements (as such terms are defined in paragraphs (9) and (4), respectively, of ),
the President may enter into trade agreements with such foreign country for the purpose of granting new concessions as compensation for such action in order to maintain the general level of reciprocal and mutually advantageous concessions.
Pub. L. 100–418, title I, § 1378102 Stat. 1222 Pub. L. 103–465, title VI, § 621(a)(6)108 Stat. 4993 (, , ; , , .)
Editorial Notes
Amendments
Pub. L. 103–465section 3501 of this title1994—Par. (2). substituted “the WTO Agreement and the multilateral trade agreements (as such terms are defined in paragraphs (9) and (4), respectively, of )” for “the General Agreement on Tariffs and Trade”.
Statutory Notes and Related Subsidiaries
Effective Date of 1994 Amendment
Pub. L. 103–465section 621(b) of Pub. L. 103–465section 1677k of this titleAmendment by effective on the date on which the WTO Agreement enters into force with respect to the United States (), see , set out as a note under .