A bill to authorize the President to resume negotiations in the Uruguay Round and to negotiate an agreement with the Governments of Canada and Mexico.

Summary

Authorizes the President to resume negotiations in the Uruguay Round and to seek to obtain certain objectives with respect to: (1) dispute settlement mechanisms within the General Agreement on Tariffs and Trade (GATT); (2) improvement of the GATT and multilateral trade negotiation agreements; (3) broader application of transparency and clarification of the costs and benefits of trade policy actions through the observation of equitable procedures in trade matters by contracting parties to the GATT; (4) procedures for reducing nonreciprocal trade benefits for more advanced developing countries and providing reciprocal benefits and assuming equivalent obligations by developing countries; (5) current account surpluses; (6) trade and monetary coordination; (7) increasing U.S. agricultural exports; (8) elimination of unfair trade practices and barriers to international trade in services; (9) intellectual property protection; (10) elimination of barriers to foreign direct investment; (11) specified safeguards; (12) reduction or elimination of tariff and nontariff trade barriers to U.S. exports; (13) promotion of worker rights; (14) access to foreign-developed high technology; and (15) revision of GATT with respect to border taxes. Authorizes the President to negotiate with Canada and Mexico to obtain a trade agreement that includes provisions: (1) for reduction of tariffs and nontariff barriers; (2) on environmental standards, enforcement, and compliance; (3) on worker rights and workplace safety; and (4) on health and safety standards.

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

Timeline

1. 13 March 1991

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 13 March 1991

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

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Versions

• Introduced in Senate · — · Download file

Documents

2 official files

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 13 March 1991

  Open at official source

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Sponsors

• Sen. Hollings, Ernest F. [D-SC] · D · Sponsor
• · ssfi00 · Standing

Related records

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