Comprehensive Fair Trade and Export Promotion Act of 1985

[AI summary unavailable — showing source text] Comprehensive Fair Trade and Export Promotion Act of 1985 - Title I: Countervailing and Antidumping Duties - Amends the Tariff Act of 1930 to waive the requirement that the International Trade Commission (ITC) make a preliminary determination of injury in a countervailing duty investigation if the ITC has found injury in an antidumping or countervailing duty investigation with respect to the same merchandise during the year preceding the start of the new investigation. Authorizes the Administering Authority to suspend countervailing duty investigations if the government of the subsidizing country or the chief exporter of the subsidized merchandise agrees to eliminate the subsidy after the date on which the investigation is suspended. Includes within the definition of countervailable subsidy the provision of capital, loans, loan guarantees, goods, or services at preferential rates or on terms inconsistent with commercial considerations. Title II: Relief from Injurious Industrial Targeting and Unfair Trade Practices - Amends the Trade Act of 1974 to provide that injurious industrial targeting may trigger import relief actions. Defines injurious industrial targeting to mean any combin…