Page:United States Statutes at Large Volume 102 Part 2.djvu/178

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PUBLIC LAW 100-000—MMMM. DD, 1988

102 STAT. 1182

PUBLIC LAW 100-418—AUG. 23, 1988

(7) by striking out the period at the end of subsection (a)(2)(D) and inserting in lieu thereof "; and", (8) by adding at the end of subsection (a)(2) the following new subparagraph: "(E) the actual increase in— "(i) the value of goods and services of the United States exported to, and "(ii) the value of foreign direct investment made in, •^ the foreign country during the calendar year for which the estimate under paragraph (1)(C) is made.", (9) by inserting "and with the assistance of the interagency advisory committee established under section 141(d)(2)," after "Trade Expansion Act of 1962," in subsection (a)(1), and (10) by striking out "ACTIONS CONCERNING" in the section heading and inserting in lieu thereof "ESTIMATES OF". (b) SUBMISSION OF REPORT.—Paragraph (1) of section 181(b) of the Trade Act of 1974 (19 U.S.C. 2241(b)(1)) is amended to read as follows: "(1) On or before April 30, 1989, and on or before March 31 of each succeeding calendar year, the Trade Representative shall submit a report on the analysis and estimates made under subsection (a) for the calendar year preceding such calendar year (which shall be known as the 'National Trade Estimate') to the President, the Committee on Finance of the Senate, and appropriate committees of the House of Representatives.". SEC. 1305. INVESTIGATION OF BARRIERS IN JAPAN TO CERTAIN UNITED STATES SERVICES.

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The United States Trade Representative shall, within 90 days after the date of enactment of this Act, initiate an investigation under section 302 of the Trade Act of 1974 regarding those acts, policies, and practices of the Government of Japan, and of entities owned, financed, or otherwise controlled by the Government of Japan, that are barriers in Japan to the offering or performance by United States persons of architectural, engineering, construction, and consulting services in Japan. SEC. 1306. TRADE AND ECONOMIC RELATIONS WITH JAPAN.

(a) FINDINGS.—The Congress finds that— (1) the United States is at a critical juncture in bilateral relations with Japan; (2) the balance of trade between the United States and Japan has deteriorated steadily from an already large United States deficit of $10,400,000,000 in 1980 to an unprecedented United States deficit of $57,700,000,000 in 1987, a magnitude that is simply untenable; (3) approximately 90 percent of the increase in total trade between the United States and Japan since 1980 has been in Japanese exports to the United States; (4) United States exports to Japan have not significantly beneHted from appreciation of the yen; (5) the United States deficit in the balance of trade in manufactured goods is growing: in 1987 Japan exported $82,500,000,000 of manufactured goods to the United States, while the United States exported $14,600,000,000 in manufactured goods;