,,ii #aaf? ,,congress #b;d ,session ,s4 #cigh ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,june #ag1 #bjbj,mrs4 ,loeffl] introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,f9ance ,a ,,bill ,to require ! ,unit$ ,/ates ,trade ,repres5tative to submit a report on plans to facilitate ! full implem5tation ( agreem5ts ( ! ,_w ,trade ,organization1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,en=c+ ,acc\ntability & ,transp>5cy 9 ,int]national ,trade ,act 4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,! ,_w ,trade ,organization is a #afd-memb] int]national organization t 0 creat$ to ov]see & adm9i/] multilat]al trade rules1 s]ve z a =um = trade lib]alization negotiations1 & resolve trade disputes4 7#b7 ,! ,unit$ ,/ates 0 a major =ce beh9d ! e/abli%m5t ( ! ,_w ,trade ,organization 9 #aiie4 7#c7 ,! ,unit$ ,/ates1 along ) o!r c\ntries1 has s\ght to e/abli% a m op51 rules-bas$ trad+ sy/em 9 ! po/w> era1 ) ! goal ( fo/]+ int]national economic coop]ation & rais+ economic prosp]ity worldwide4 7#d7 ,congress holds con/itutional au?ority ov] =eign comm]ce & e/abli%es trade negotiat+ objectives & pr9ciples ?r\gh legislation4 7#e7 ,! /atutory basis = ! memb]%ip ( ! ,unit$ ,/ates 9 ! ,_w ,trade ,organization is ! ,uruguay ,r\nd ,agreem5ts ,act 7#ai ,u4,s4,c4 #ceja et seq471 & ,unit$ ,/ates priorities & objectives = ! ,g5]al ,agreem5t on ,t>iffs & ,trade ( ! ,_w ,trade ,organization h be5 reflect$ 9 v>i\s legislative measures provid+ exp$it$ trade promotion au?ority s9ce #aigd4 7#f7 ,congress has recogniz$ ! ,_w ,trade ,organization z ! f\ndation ( ! global trad+ sy/em & plays a direct legislative & ov]sight role ov] ! implem5tation ( ,_w ,trade ,organization agreem5ts 9 ! ,unit$ ,/ates4 7#g7 ,n9ety-eight p]c5t ( global trade is conduct$ among memb]s ( ! ,_w ,trade ,organization4 7#h7 ,approximately #fe p]c5t ( ! ,unit$ ,/ates trade is ) c\ntries t d n h free trade agreem5ts ) ! ,unit$ ,/ates1 su* z ) ! ,p's ,republic ( ,*9a1 ! ,european ,union1 & ,india1 :i* ?us relies on ! t]ms provid$ 9 agreem5ts ( ! ,_w ,trade ,organization4 7#i7 ,ab\t #b_/c ( ! memb]s ( ! ,_w ,trade ,organization1 includ+ ! ,p's ,republic ( ,*9a1 self-designate z develop+ c\ntries4 7#aj7 ,_w ,trade ,organization agreem5ts all[ c\ntries to l[] trade b>ri]s gradually1 ) develop+ c\ntries & s5sitive sectors 9 p>ticul> usually giv5 long] transition p]iods to fulfill _! obligations "u new agreem5ts4 7#aa7 ,! ,_w ,trade ,organization also supplem5ts su* special & diff]5tial treatm5t = develop+ c\ntries by provid+ capacity-build+ measures1 provid+ te*nical assi/ance = ! implem5tation ( obligations "u ,_w ,trade ,organization agreem5ts1 & p]mitt+ c\ntries to ext5d non-reciprocal trade pref]5ce programs to su* develop+ c\ntries4 7#ab7 ,on ,july #bf1 #bjai1 ,presid5t ,donald ,j4 ,trump issu$ a docum5t entitl$ ,memor&um on ,re=m+ ,develop+ ,c\ntry ,/atus 9 ! ,_w ,trade ,organization4 #c4 ,report on ,unit$ ,/ates /rategy at ! ,_w ,trade ,organization ,n lat] ?an #ij days aft] ! date ( ! enactm5t ( ?is ,act1 ! ,unit$ ,/ates ,trade ,repres5tative %all submit to ,congress a report describ+ ! mann] 9 :i* ! ,trade ,repres5tative plans to pursue a ,unit$ ,/ates /rategy ) respect to ! ,_w ,trade ,organization to-- 7#a7 facilitate ! full implem5tation ( agreem5ts rea*$ by ! ,_w ,trade ,organization2 7#b7 enable ! maximum b5efits f trade to accrue to ^? memb]s ( ! ,_w ,trade ,organization t face ! greate/ difficulty integrat+ into ! multilat]al trad+ sy/em ( ! ,_w ,trade ,organization2 & 7#c7 ensure t any memb] ( ! ,_w ,trade ,organization t meets all ( ! foll[+ crit]ia does n receive special & diff]5tial treatm5t "u curr5t or future agreem5ts ( ! ,_w ,trade ,organization3 7,a7 ,! memb] is rank$ by ! ,_w ,bank z among "o ( ! top #aj economies 9 ! _w bas$ on nom9al gross dome/ic product4 7,b7 ,! memb] is also a memb] ( ! ,gr\p ( #bj4 7,c7 ,! memb] is also a memb] (1 or has begun ! accession process to1 ! ,organisation = ,economic ,co-op]ation & ,developm5t4