Child Labor Deterrence Act of 1992

Child Labor Deterrence Act of 1992 - Urges the President to seek an agreement with governments that trade with the United States to secure an international ban on trade in products of child labor.

Requires the Secretary of Labor (Secretary) to identify foreign countries that: (1) utilize child labor in the export of products; and (2) have on a continuing basis exported such products to the United States.

Authorizes any person to file a petition with the Secretary requesting that a particular foreign industry and its host country be identified. Requires the Secretary, before making such identification, to: (1) consult with the U.S. Trade Representative, the Secretary of State, the Secretary of Commerce, and the Secretary of the Treasury; and (2) publish notice in the Federal Register that such identification is being considered and invite public comment.

Prohibits the importation of products which have been produced by child labor. Sets forth civil and criminal penalties.