Page:United States Statutes at Large Volume 102 Part 2.djvu/870

 102 STAT. 1874

PUBLIC LAW 100-449—SEPT. 28, 1988 (1) The objectives of the United States in negotiations conducted under subsection (a)(l)(A) to liberalize trade in services include— (A) with respect to developing services sectors not covered in the Agreement, the elimination of those tariff, nontariff, and subsidy trade distortions that have potential to affect significant bilateral trade; (B) the elimination or reduction of measures grandfathered by the Agreement that deny or restrict national treatment in the provision of services; (C) the elimination of local presence requirements; and (D) the liberalization of government procurement of services. In conducting such negotiations, the President shall consult with the services advisory committees established under section 135 of the Trade Act of 1974 (19 U.S.C. 2155). (2) The objectives of the United States in any negotiations conducted under subsection (a)(l)(B) to liberalize investment rules include— (A) the elimination of direct investment screening; (B) the extension of the principles of the Agreement to energy and cultural industries, to the extent such industries are not currently covered by the Agreement; (C) the elimination of technology transfer requirements and other performance requirements not currently barred by the Agreement; and (D) the subjection of all investment disputes to dispute resolution under chapter 18 of the Agreement. In conducting such negotiations, the President shall consult with persons representing diverse interests in the United States in investment. (3) The objectives of the United States in any negotiations conducted under subsection (a)(l)(C) to improve the protection of intellectual property rights include— (A) the recognition and adequate protection of intellectual property, including copyrights, patents, process patents, trademarks, mask works, and trade secrets; and (B) the establishment of dispute resolution procedures and binational enforcement of intellectual property standards. In conducting such negotiations, the President shall consult with persons representing diverse interests in the United States in intellectual property, (c) NEGOTIATING OBJECTIVES REGARDING AUTOMOTIVE PRODUCTS.—

(1) In conducting negotiations under subsection (a)(l)(D) regarding the value requirement for automotive products, the President shall seek to conclude an agreement by no later than January 1, 1990, to increase the vgdue requirement from 50 percent to at least 60 percent. (2) The President is authorized, through January 1, 1999, to proclaim any agreed increase in the value requirement. (3) As used in this section, the term "value requirement" means the minimum percenta^ge of the value of an automotive product that must be accounted for by the value of the materials in the product that originated in the United States or Csuiada, or both, plus the direct cost of processing or assembly

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