Trade Agreements Act of 1979

[AI summary unavailable — showing source text] Trade Agreements Act of 1979 - Approves specified trade agreements and the statements of administrative action proposed to implement such agreements. Authorizes the President to accept the final legal instruments embodying such agreements. Limits the President's acceptance authority. Requires the President to submit regulations and any amendments of existing statutes necessary to implement such agreements to Congress. Directs the Special Representative for Trade Negotiations to keep the Congressional delegates to trade negotiations informed of any requirements of, amendments to, or recommendations under such agreements. Title I: Countervailing and Antidumping Duties - Amends the Tariff Act of 1930 to require a countervailing duty be imposed on imported merchandise if: (1) the administering authority determines that such merchandise receives any subsidy from a country subject to the Agreement on Subsidies and Countervailing Measures or a similar agreement; and (2) the U.S. International Trade Commission determines that U.S. industry is materially injured or retarded by reason of such imports. Stipulates that such countervailing duty equal the amount of net subsidy. Directs the admin…