Page:United States Statutes at Large Volume 102 Part 2.djvu/117

 PUBLIC LAW 100-418—AUG. 23, 1988

102 STAT. 1121

Subtitle A—United States Trade Agreements PART 1—NEGOTIATION AND IMPLEMENTATION OF TRADE AGREEMENTS SEC. 1101. OVERALL AND PRINCIPAL TRADE NEGOTIATING OBJECTIVES 19 USC 2901. OF THE UNITED STATES.

(a) OVERALL TRADE NEGOTIATING OBJECTIVES.—The overall trade negotiating objectives of the United States are to obtain— (1) more open, equitable, and reciprocal market access; (2) the reduction or elimination of barriers and other tradedistorting policies and practices; and (3) a more effective system of international trading disciplines and procedures. (b) PRINCIPAL TRADE NEGOTIATING OBJECTIVES.— (1) DISPUTE SETTLEMENT.—The principal negotiating objectives of the United States with respect to dispute settlement are— (A) to provide for more effective and expeditious dispute settlement mechanisms and procedures; and (B) to ensure that such mechanisms within the GATT and GATT agreements provide for more effective and expeditious resolution of disputes and enable better enforcement of United States rights. (2) IMPROVEMENT OF THE GATT AND MULTILATERAL TRADE NEGOTIATION AGREEMENTS.—The principal negotiating objectives of

the United States regarding the improvement of GATT and multilateral trade negotiation agreement are— (A) to enhance the status of the GATT; (B) to improve the operation and extend the coverage of the GATT and such agreements and arrangements to products, sectors, and conditions of trade not adequately covered; and (C) to expand country participation in particular agreements or arrangements, where appropriate. (3) TRANSPARENCY.—The principal negotiating objective of the United States regarding transparency is to obtain broader application of the principle of transparency and clarification of the costs and benefits of trade policy actions through the observance of open and equitable procedures in trade matters by Contracting Parties to the GATT. (4) DEVELOPING COUNTRIES.—The principal negotiating objectives of the United States regarding developing countries are— (A) to ensure that developing countries promote economic development by assuming the fullest possible measure of responsibility for achieving and maintaining an open international trading system by providing reciprocal benefits and assuming equivalent obligations with respect to their import and export practices; and (B) to establish procedures for reducing nonreciprocal trade benefits for the more advanced developing countries. (5) CURRENT ACCOUNT SURPLUSES.—The principal negotiating objective of the United States regarding current account sur pluses is to develop rules to address large and persistent global; current account imbalances of countries, including imbalances which threaten the stability of the international trading system,

�