To provide relief for domestic producers of tailored wool apparel from increased imports of such apparel from Canada.

Directs the President, by January 1, 1998, to take the necessary steps to negotiate with Canada the annual quantity limitations of tailored wool apparel eligible for certain preferential tariff treatment under the North American Free Trade Agreement (NAFTA), but which is assembled in Canada from fabric or yarn produced or obtained in a non-NAFTA country. Requires such negotiations to reflect current conditions in the Canadian or American wool textile and apparel industry (including the ability of tailored wool apparel producers to obtain wool fabric supplies within Canadian and United States territories).