RELATION TO OTHER LAWS.

SEC. 257. RELATION TO OTHER LAWS. (a) The first sentence of subsection (b) of section 350 of the Tariff Act of 1930 is amended by striking out “this section” each place it appears and inserting in lieu thereof “this section or the Trade Expansion Act of 1962”. The second sentence of such subsection (b) is amended by striking out “this Act” and inserting in lieu thereof “this Act or the Trade Expansion Act of 1962”. The third sentence of such subsection (b) is amended by striking out “1955,” in paragraph (2) and inserting in lieu thereof “1955, and before July 1, 1962,” and by adding at the end thereof the following new paragraph: “(3) In order to carry out a foreign trade agreement entered into after June 30, 1962, and before July 1, 1967, below the lowest rate permissible by applying title II of the Trade Expansion Act of 1962 to the rate of duty (however established, and even though 76 Stat. 882temporarily suspended by Act of Congress or otherwise) existing on July 1, 1962, with respect to such product.” (b) Subsections (a) (5) and (e) of section 350 of the Tariff Act of 1930 are repealed. (c) For purposes only of entering into trade agreements pursuant to the notices of intention to negotiate published in the Federal Register of May 28, 1960, and the Federal Register of November 23, 1960, the period during which the President is authorized to enter into foreign trade agreements under section 350 of the Tariff Act of 1930 is hereby extended from the close of June 30, 1962, until the close of December 31, 1962. (d) The second and third sentences of section 2(a) of the Act entitled “An Act to amend the Tariff Act of 1930”, approved June 12, 1934, as amended (19 U.S.C., sec. 1352(a)), are each amended by striking out “this Act” and inserting in lieu thereof “this Act or the Trade Expansion Act of 1962”. (e) (1) Sections 5, 6, 7, and 8(a) of the Trade Agreements Extension Act of 1951 are repealed. (2) Action taken by the President under section 5 of such Act and in effect on the date of the enactment of this Act shall be considered as having been taken by the President under section 231. (3) Any investigation by the Tariff Commission under section 7 of such Act which is in progress on the date of the enactment of this Act shall be continued under section 301 as if the application by the interested party were a petition under such section for tariff adjustment under section 351. For purposes of section 301(f), such petition shall be treated as having been filed on the date of the enactment of this Act. (f) Section 2 of the Act entitled “An Act to extend the authority of the President to enter into trade agreements under section 350 of the Tariff Act of 1930, as amended”, approved July 1, 1954, is repealed. Any action (including any investigation begun) under such section 2’ before the date of the enactment of this Act shall be considered as having been taken or begun under section 232. (g) (1) Section 102(1) of the Tariff Classification Act of 1962 is amended by striking out “of schedules 1 to 7, inclusive,”. (2) Section 203 of the Tariff Classification Act of 1962 is amended to read as follows: “Sec. 203. For purposes of applying sections 323 and 350 of the Tariff Act of 1930, as amended, and the Trade Expansion Act of 1962 with respect to the Tariff Schedules of the United States— “(1) The rate of duty in rate column numbered 2 for each item in schedules 1 to 7, inclusive, of the Tariff Schedules of the United States shall be treated as the rate of duty existing on July 1, 1934. “(2) The lowest preferential or nonpreferential rate of duty in rate column numbered 1 for each item in schedules 1 to 7, inclusive, of the Tariff Schedules of the United States on the effective date provided in section 501(a) of this Act shall be treated as the lowest preferential or nonpreferential rate of duty, respectively, existing on July 1, 1962; except that in the case of any such item included in a supplemental report made pursuant to section 101 (c) of this Act to reflect a change proclaimed by the President after July 1, 1962 (other than a change to which the United States was committed on July 1, 1962), the rate treated as the lowest nonpreferential rate of duty existing on July 1, 1962, shall be the rate which the Commission specifically declares in such supplemental report to be the rate which, in its judgment, conforms to the fullest extent practicable to the rate regarded as existing on July 1, 1962, under section 256(4) of the Trade Expansion Act of 1962. 76 Stat. 883 “(3) Legislation entering into force after the effective date provided for in section 501(a) of this Act which results in the permanent reclassification of any article without specifying the rate of duty applicable thereto, and proclamations under section 202(c) of this Act, shall be considered as having been in effect since June 30, 1962.” (h) Nothing contained in this Act shall be construed to affect in any way the provisions of section 22 of the Agricultural Adjustment Act, or to apply to any import restriction heretofore or hereafter imposed under such section. (i) Part I of title III of the Tariff Act of 1930 is amended by adding at the end thereof the following new section: “SEC. 323. CONSERVATION OF FISHERY RESOURCES. “Upon the convocation of a conference on the use or conservation of international fishery resources, the President shall, by all appropriate means at his disposal, seek to persuade countries whose domestic fishing practices or policies affect such resources, to engage in negotiations in good faith relating to the use or conservation of such resources. If, after such efforts by the President and by other countries which have agreed to engage in such negotiations, any other country whose conservation practices or policies affect the interests of the United States and such other countries, has, in the judgment of the President, failed or refused to engage in such negotiations in good faith, the President may, if he is satisfied that such action is likely to be effective in inducing such country to engage in such negotiations in good faith, increase the rate of duty on any fish (in any form) which is the product of such country, for such time as he deems necessary, to a rate not more than 50 percent above the rate existing on July 1, 1934.”