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FGMSD-80-7 1 (1980-01-24)

handle is hein.gao/gaobabads0001 and id is 1 raw text is: COMPTROLLUIR GENERAL OF THM UNITED STATES WASHNGTON. O.C. ZUAS B-197242 JANUARY 24, 1980 The Honorable Abraham Ribicoff Chairman, Subcommittee on International Trade 0 L 'u\ Senate Committee on Finance 111377 The Honorable Charles A. Vanik Chairman, Subcommittee on Trade House Committee on Ways and Means b C) Subject: Barriers Still Exist to the Full Development f the Trade Monitoring System Required by the Trade Act of 197A7 (FGMSD-80-7) We met with representatives of your offices to discuss our observations concerning the status of development of the Trade Monitoring System and uses made of the system-produced data required by the Trade Act of 1974. Because your offices felt that our observations and findings would stimulate action to improve the system and would highlight the system's prob- lems for members of the full committees as well as for other congressional committees and executive branch officials re- sponsible for trade monitoring activities, your offices sug- gested we formally transmit our observations. In addition to this report, in an earlier report 1/ we discussed trade monitoring activities as they affect the Com- munity Adjustment Assistance Program described in Chapter 4 of the Trade Act of 1974. The Trade Monitoring System was authorized by section 282 of the Trade Act of 1974 (Public Law 93-618), to (1) pro- vide information on the volume of all foreign imports, (2) compare the volume of specific imports with the changes in volume of domestic production of like goods, and (3) relate this information to changes in employment. The system is in- tended to provide such trade monitoring data by region. The act requires adequate procedures for safequarding American industry against unfair or injurious import com- petition, and to assist industries, firms, workers, and l/More Can be Done to Identify and Help Communities Adjust to Economic Problems Caused by Increased Imports, CED- 79-42, May 15, 1979. (910303)

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