[Federal Register Volume 59, Number 45 (Tuesday, March 8, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-5434]


[[Page Unknown]]

[Federal Register: March 8, 1994]


  


                        Presidential Documents 



                Executive Order 12901 of March 3, 1994

 

Identification of Trade Expansion Priorities

                By the authority vested in me as President by the 
                Constitution and the laws of the United States of 
                America, including sections 141 and 301-310 of the 
                Trade Act of 1974, as amended (the ``Act'') (19 U.S.C. 
                2171, 2411-2420), and section 301 of title 3, United 
                States Code, and to ensure that the trade policies of 
                the United States advance, to the greatest extent 
                possible, the export of the products and services of 
                the United States and that trade policy resources are 
                used efficiently, it is hereby ordered as follows:

                Section 1. Identification. (a) Within 6 months of the 
                submission of the National Trade Estimate Report 
                (required by section 181(b) of the Act (19 U.S.C. 
                2241)) for 1994 and 1995, the United States Trade 
                Representative (``Trade Representative'') shall review 
                United States trade expansion priorities and identify 
                priority foreign country practices, the elimination of 
                which is likely to have the most significant potential 
                to increase United States exports, either directly or 
                through the establishment of a beneficial precedent. 
                The Trade Representative shall submit to the Committee 
                on Finance of the Senate and the Committee on Ways and 
                Means of the House of Representatives, and shall 
                publish in the Federal Register, a report on the 
                priority foreign country practices identified.

                    (b) In identifying priority foreign country 
                practices under paragraph (a) of this section, the 
                Trade Representative shall take into account all 
                relevant factors, including:

                (1) the major barriers and trade distorting practices 
                described in the National Trade Estimate Report;
                (2) the trade agreements to which a foreign country is 
                a party and its compliance with those agreements;
                (3) the medium-term and long-term implications of 
                foreign government procurement plans; and
                (4) the international competitive position and export 
                potential of United States products and services.

                    (c) The Trade Representative may include in the 
                report, if appropriate, a description of the foreign 
                country practices that may in the future warrant 
                identification as priority foreign country practices. 
                The Trade Representative also may include a statement 
                about other foreign country practices that were not 
                identified because they are already being addressed by 
                provisions of United States trade law, existing 
                bilateral trade agreements, or in trade negotiations 
                with other countries and progress is being made toward 
                their elimination.

                Sec. 2. Initiation of Investigation. Within 21 days of 
                the submission of the report required by paragraph (a) 
                of section 1, the Trade Representative shall initiate 
                under section 302(b)(1) of the Act (19 U.S.C. 
                2412(b)(1)) investigations under title III, chapter 1, 
                of the Act with respect to all of the priority foreign 
                country practices identified.

                Sec. 3. Agreements for the Elimination of Barriers. In 
                the consultations with a foreign country that the Trade 
                Representative is required to request under section 
                303(a) of the Act (19 U.S.C. 2413(a)) with respect to 
                an investigation initiated by reason of section 2 of 
                this order, the Trade Representative shall seek to 
                negotiate an agreement that provides for the 
                elimination of the practices that are the subject of 
                the investigation as quickly as possible or, if that is 
                not feasible, provides for compensatory trade benefits. 
                The Trade Representative shall monitor any agreement 
                entered into under this section pursuant to the 
                provisions of section 306 of the Act (19 U.S.C. 2416).

                Sec. 4. Reports. The Trade Representative shall include 
                in the semiannual report required by section 309 of the 
                Act (19 U.S.C. 2419) a report on the status of any 
                investigation initiated pursuant to section 2 of this 
                order and, where appropriate, the extent to which such 
                investigations have led to increased opportunities for 
                the export of products and services of the United 
                States.

                Sec. 5. Presidential Direction. The authorities 
                delegated pursuant to this order shall be exercised 
                subject to any subsequent direction by the President in 
                a particular matter.

                    (Presidential Sig.)>


                THE WHITE HOUSE,

                    March 3, 1994.

[FR Doc. 94-5434
Filed 3-4-94; 1:24 pm]
Billing code 3195-01-P