                        TITLE 19--CUSTOMS DUTIES
 
                  CHAPTER 21--NORTH AMERICAN FREE TRADE
 
                 SUBCHAPTER V--MISCELLANEOUS PROVISIONS
 
       Part A--Provisions Relating to Performance Under Agreement
 
Sec. 3462. Review of operation and effects of Agreement


(a) Study

    By not later than July 1, 1997, the President shall provide to the 
Congress a comprehensive study on the operation and effects of the 
Agreement. The study shall include an assessment of the following 
factors:
        (1) The net effect of the Agreement on the economy of the United 
    States, including with respect to the United States gross national 
    product, employment, balance of trade, and current account balance.
        (2) The industries (including agricultural industries) in the 
    United States that have significantly increased exports to Mexico or 
    Canada as a result of the Agreement, or in which imports into the 
    United States from Mexico or Canada have increased significantly as 
    a result of the Agreement, and the extent of any change in the 
    wages, employment, or productivity in each such industry as a result 
    of the Agreement.
        (3) The extent to which investment in new or existing production 
    or other operations in the United States has been redirected to 
    Mexico as a result of the Agreement, and the effect on United States 
    employment of such redirection.
        (4) The extent of any increase in investment, including foreign 
    direct investment and increased investment by United States 
    investors, in new or existing production or other operations in the 
    United States as a result of the Agreement, and the effect on United 
    States employment of such investment.
        (5) The extent to which the Agreement has contributed to--
            (A) improvement in real wages and working conditions in 
        Mexico,
            (B) effective enforcement of labor and environmental laws in 
        Mexico, and
            (C) the reduction or abatement of pollution in the region of 
        the United States-Mexico border.

(b) Scope

    In assessing the factors listed in subsection (a) of this section, 
to the extent possible, the study shall distinguish between the 
consequences of the Agreement and events that likely would have occurred 
without the Agreement. In addition, the study shall evaluate the effects 
of the Agreement relative to aggregate economic changes and, to the 
extent possible, relative to the effects of other factors, including--
        (1) international competition,
        (2) reductions in defense spending,
        (3) the shift from traditional manufacturing to knowledge and 
    information based economic activity, and
        (4) the Federal debt burden.

(c) Recommendations of President

    The study shall include any appropriate recommendations by the 
President with respect to the operation and effects of the Agreement, 
including recommendations with respect to the specific factors listed in 
subsection (a) of this section.

(d) Recommendations of certain committees

    The President shall provide the study to the Committee on Ways and 
Means of the House of Representatives and the Committee on Finance of 
the Senate and any other committee that has jurisdiction over any 
provision of United States law that was either enacted or amended by the 
North American Free Trade Agreement Implementation Act. Each such 
committee may hold hearings and make recommendations to the President 
with respect to the operation and effects of the Agreement.

(Pub. L. 103-182, title V, Sec. 512, Dec. 8, 1993, 107 Stat. 2155.)

                       References in Text

    The North American Free Trade Agreement Implementation Act, referred 
to in subsec. (d), is Pub. L. 103-182, Dec. 8, 1993, 107 Stat. 2057. For 
complete classification of this Act to the Code, see Short Title note 
set out under section 3301 of this title and Tables.
