Certification in Supplier Diversity Practice Exam

What does the Trade Agreement Act of 1979 aim to facilitate?

1. The creation of small businesses

2. The adoption of fair labor practices

3. The approval and implementation of trade agreements

4. The enforcement of anti-corruption laws

The correct answer is: The approval and implementation of trade agreements

The Trade Agreements Act of 1979 is primarily focused on facilitating the approval and implementation of international trade agreements. This legislation is designed to enable the United States to enter into trade agreements with other countries and to ensure that the U.S. government can effectively negotiate and implement these agreements. By doing so, the Act aims to enhance international trade by promoting better market access for U.S. goods and services, ultimately leading to more competitive trade practices. While considerations about small business creation, fair labor practices, and anti-corruption are important in the broader context of trade and commerce, they are not the central focus of the Trade Agreements Act. This Act predominantly addresses the framework necessary for the effective negotiation and administration of trade treaties, confirming that this process is well-structured and beneficial to U.S. economic interests. Thus, the correct answer reflects the Act's primary purpose in the context of trade facilitation.