§3555 Objectives for extended negotiations

Summary

The United States will push other important trading partners to cut or remove rules that block the supply of financial services. The U.S. will agree to treat foreign financial firms the same as local firms and to give them market access in every financial services subsector, and it will do this on a normal trade relations basis only if many countries commit to reduce those barriers, including limits on foreign firms setting up or operating. For basic telephone and internet services, the U.S. wants foreign markets opened on fair, nondiscriminatory terms either by allowing competition using new facilities or by allowing resale on existing networks. For civil aircraft, the U.S. wants fair export chances like those foreign products get here; fewer tariffs and trade barriers, including by expanding the Agreement on Trade in Civil Aircraft and the U.S.–EC agreement for large civil aircraft; strong rules against subsidies under the Agreement on Subsidies and Countervailing Measures; the same coverage of indirect government support as in the U.S.–EC deal; and more transparency about foreign subsidy programs and company financial disclosures. Defined terms: “civil aircraft” — products covered by the Agreement on Trade in Civil Aircraft; “large civil aircraft” — the meaning in Annex II of the U.S.–EC bilateral agreement; “indirect support” — the meaning in Annex II of that U.S.–EC agreement; “Agreement on Trade in Civil Aircraft” — the agreement approved by Congress under section 2503 of this title; “U.S.–EC bilateral agreement” — the agreement on trade in large civil aircraft between the United States and the European Economic Community entered on July 17, 1992.