SUBMISSION OF STATISTICAL DATA ON IMPORTS AND EXPORTS.

SEC. 609. SUBMISSION OF STATISTICAL DATA ON IMPORTS AND EXPORTS. (a) Section 301 of title 13. United States Code, is amended— (1) by inserting “(a)” before “The Secretary”; and 88 Stat. 2075 (2) by adding at the end thereof the following new subsections: “(b) The Secretary shall submit to the Committee on Ways and Means of the House of Representatives and the Committee on Finance of the Senate, on quarterly and cumulative bases, statistics on United States imports for consumption and United States exports by country and by product. Statistics on United States imports shall be submitted in accordance with the Tariff Schedules of the United States Annotated and general statistical headnote 1 thereof, in detail as follows: “(1) net quantity; “(2) United States customs value; “(3) purchase price or its equivalent; “(4) equivalent of arm’s length value; “(5) aggregate cost from port of exportation to United States port of entry; “(6) a United States port of entry value comprised of (5) plus (4), if applicable, or, if not applicable, (5) plus (3); and “(7) for transactions where (3) and (4) are equal, the total value of such transactions. The data for paragraphs (1), (2), (3), (5), and (6) shall be reported separately for nonrelated and related party transactions, and shall also be reported as a total of all transactions. “(c) In submitting any information under subsection (b) with respect to exports, the Secretary shall state separately from the total value of all exports— “(1) (A) the value of agricultural commodities exported under the Agricultural Trade Development and Assistance Act of 1954, as amended; and “(B) the total amount of all export subsidies paid to exporters by the United States under such Act for the exportation of such commodities; and “(2) the value of goods exported under the Foreign Assistance Act of 1961. “(d) To assist the Secretary to carry out the provisions of subsections (b) and (c)— “(1) the Secretary of Agriculture shall furnish information to the Secretary concerning the value of agricultural commodities exported under provisions of the Agricultural Trade Development and Assistance Act of 1954, as amended, and the total amounts of all export subsidies paid to exporters by the United States under such Act for the exportation of such commodities; and “(2) the Secretary of State shall furnish information to the Secretary concerning the value of goods exported under the provisions of the Foreign Assistance Act of 1961, as amended.” (b) The amendments made by subsection (a) shall take effect on January 1, 1975.