To authorize the President to enter into a trade agreement concerning Northern Ireland and certain Border Counties of the Republic of Ireland, and for other purposes.

Authorizes the President to enter into a free trade agreement with qualified areas of Northern Ireland and the Republic of Ireland that provides for the: (1) reduction and elimination of trade barriers; (2) prohibition or limitations on the imposition of such barriers; and (3) elimination or reduction of duties imposed by the United States. Sets forth criteria for the duty-free treatment of qualified area products. Limits such qualified areas of Northern Ireland and the Republic of Ireland to those suffering from the severest form of economic deprivation, with a higher than average unemployment. Requires employers to comply with the MacBride Principles of economic justice.

Requires the International Trade Commission to advise the President, before any reduction or elimination of duty is proclaimed with respect to an article, of any economic effect on U.S. industries producing like or directly competitive articles, and on consumers, in providing duty-free treatment for such articles.

Requires the President to consult with the Congress before entering into, or implementing, any free trade agreement under this Act.