A bill to require the initiation of trade negotiations with Japan.

Summary

Directs the President to initiate multilateral trade negotiations with Japan by June 30, 1990, that meet the following objectives: (1) to establish numerical goals for increased trade between the United States and Japan and control of the bilateral balance of trade between such countries; (2) to address specific trade problems, including the establishment of stronger rules for recidivist dumping and the establishment of trade preferences to encourage the export to Japan of the products of least developed countries; (3) to increase the degree of coordination between U.S. and Japanese macroeconomic policies through the establishment of minimum and maximum rates of exchange between the currency of such countries and the coordination of consumer and government expenditures to achieve balance in the current account; and (4) to increase the amount of funds expended by Japan for foreign assistance, debt relief of less developed countries, and compensation to the United States for U.S. military expenditures for the defense of Japan. Requires the President to consult with specified congressional committees. Provides for implementation of such agreement.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 5 August 1988

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 5 August 1988

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 5 August 1988

  Open at official source

Sponsors

• Rep. Baucus, Max [D-MT-1] · D · Sponsor
• · ssfi00 · Standing

Related records

No cross-record relationships stored yet.