102 STAT. 1272
Classified information. President of U.S.
PUBLIC LAW 100-418—AUG. 23, 1988 "(I) each of the referrals made under section 141(d)(l)(B) and any action taken with respect to such referral; "(J) other information relating to the trade agreements p n ^ a m and to the agreements entered into thereunder; and "(K) the number of applications filed for adjustment assistance for workers and firms, the number of such applications which were approved, and the extent to which adjustment assistance has been provided under such approved applications. "(3)(A) The national trade policy agenda required under paragraph (I)(B) for the year in which a report is submitted shall be in the form of a statement of— "(i) the trade policy objectives and priorities of the United States for the year, and the reasons therefor; "(ii) the actions proposed, or anticipated, to be undertaken during the year to achieve such objectives and priorities, including, but not limited to, actions authorized under the trade laws and negotiations with foreign countries; "(iii) £uay proposed l^islation necessary or appropriate to achieve any of such objectives or priorities; and "(iv) the progress that was made during the preceding year in achieving the trade policy objectives and priorities included in the statement provided for that year under this paragraph. "(B) The President may separately submit any information referred to in subparagraph (A) to the Congress in confidence if the President considers confidentiality appropriate. "(C) Before submitting the national trade policy agenda for any year, the President shall seek advice from the appropriate advisory committees established under section 135 and shall consult with the appropriate committees of the Congress. "(D) The United States Trade Representative (hereafter referred to in this section as the 'Trade Representative') and other appropriate officials of the United States Government shall consult periodically with the appropriate committees of the Congress regarding the annual objectives and priorities set forth in each national trade policy agenda with respect to— "(i) the status and results of the actions that have been undertaken to achieve the objectives and priorities; and "(ii) any development which may require, or result in, changes to any of such objectives or priorities.
- (b) ANNUAL TRADE PROJECTION REPORT.—
"(1) In order for the Congress to be informed of the impact of foreign trade barriers and macroeconomic factors on the balance of trade of the United States, the Trade Representative and the Secretary of the Treasury shall jointly prepare and submit to the Committee on Finance of the Senate and the Committee on Ways and Means of the House of Representatives (hereafter referred to in this subsection as the 'Committees') on or before March 1 of each year a report which consists of— "(A) a review and analysis of— "(i) the merchandise balance of trade, "(ii) the goods and services balance of trade, "(iii) the balance on the current account, -' "(iv) the external debt position, "(v) the exchange rates.