,,ii #aafth ,,congress #b;d ,session ,s4 #cigh ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,june #ag1 #bjbj,mrs4 ,loeffler introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to require the ,united ,states ,trade ,representative to submit a report on plans to facilitate the full implementation of agreements of the ,world ,trade ,organization1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,enforcing ,accountability and ,transparency in ,international ,trade ,act 4 #b4 ,findings ,congress finds the following3 7#a7 ,the ,world ,trade ,organization is a #afd-member international organization that was created to oversee and administer multilateral trade rules1 serve as a forum for trade liberalization negotiations1 and resolve trade disputes4 7#b7 ,the ,united ,states was a major force behind the establishment of the ,world ,trade ,organization in #aiie4 7#c7 ,the ,united ,states1 along with other countries1 has sought to establish a more open1 rules-based trading system in the postwar era1 with the goal of fostering international economic cooperation and raising economic prosperity worldwide4 7#d7 ,congress holds constitutional authority over foreign commerce and establishes trade negotiating objectives and principles through legislation4 7#e7 ,the statutory basis for the membership of the ,united ,states in the ,world ,trade ,organization is the ,uruguay ,round ,agreements ,act 7#ai ,u4,s4,c4 #ceja et seq471 and ,united ,states priorities and objectives for the ,general ,agreement on ,tariffs and ,trade of the ,world ,trade ,organization have been reflected in various legislative measures providing expedited trade promotion authority since #aigd4 7#f7 ,congress has recognized the ,world ,trade ,organization as the foundation of the global trading system and plays a direct legislative and oversight role over the implementation of ,world ,trade ,organization agreements in the ,united ,states4 7#g7 ,ninety-eight percent of global trade is conducted among members of the ,world ,trade ,organization4 7#h7 ,approximately #fe percent of the ,united ,states trade is with countries that do not have free trade agreements with the ,united ,states1 such as with the ,people's ,republic of ,china1 the ,european ,union1 and ,india1 which thus relies on the terms provided in agreements of the ,world ,trade ,organization4 7#i7 ,about #b_/c of the members of the ,world ,trade ,organization1 including the ,people's ,republic of ,china1 self-designate as developing countries4 7#aj7 ,world ,trade ,organization agreements allow countries to lower trade barriers gradually1 with developing countries and sensitive sectors in particular usually given longer transition periods to fulfill their obligations under new agreements4 7#aa7 ,the ,world ,trade ,organization also supplements such special and differential treatment for developing countries by providing capacity-building measures1 providing technical assistance for the implementation of obligations under ,world ,trade ,organization agreements1 and permitting countries to extend non-reciprocal trade preference programs to such developing countries4 7#ab7 ,on ,july #bf1 #bjai1 ,president ,donald ,j4 ,trump issued a document entitled ,memorandum on ,reforming ,developing ,country ,status in the ,world ,trade ,organization4 #c4 ,report on ,united ,states strategy at the ,world ,trade ,organization ,not later than #ij days after the date of the enactment of this ,act1 the ,united ,states ,trade ,representative shall submit to ,congress a report describing the manner in which the ,trade ,representative plans to pursue a ,united ,states strategy with respect to the ,world ,trade ,organization to-- 7#a7 facilitate the full implementation of agreements reached by the ,world ,trade ,organization2 7#b7 enable the maximum benefits from trade to accrue to those members of the ,world ,trade ,organization that face the greatest difficulty integrating into the multilateral trading system of the ,world ,trade ,organization2 and 7#c7 ensure that any member of the ,world ,trade ,organization that meets all of the following criteria does not receive special and differential treatment under current or future agreements of the ,world ,trade ,organization3 7,a7 ,the member is ranked by the ,world ,bank as among one of the top #aj economies in the world based on nominal gross domestic product4 7,b7 ,the member is also a member of the ,group of #bj4 7,c7 ,the member is also a member of1 or has begun the accession process to1 the ,organisation for ,economic ,co-operation and ,development4