Generalized System of Preferences Reform Act of 1992

[AI summary unavailable — showing source text] Generalized System of Preferences Reform Act of 1992 - Amends the Trade Act of 1974 to require the United States Trade Representative (USTR) to promulgate regulations with respect to certain procedural requirements for the filing of petitions requesting designation of an imported article as eligible for duty-free treatment under the Generalized System of Preferences. Requires the President annually to publish and furnish (currently, from time to time) the International Trade Commission (ITC) with lists of articles which may be considered for designation as eligible for such preference. Requires the ITC: (1) to review such lists without regard to the effect that any prospective withdrawal or suspension of the beneficiary developing country designation of any country that produces like articles may have; and (2) in the public version of its digest set forth the reasoning on which its advice to the President with respect to the article is based. Declares the following articles as import-sensitive and not eligible for duty-free treatment under the Generalized System of Preferences: (1) certain mushrooms; (2) certain glassware; (3) certain goya cheese; (4) sulfazaline; (5) nitro-cellulo…