United States Trade Representative (USTR): The Office of the U.S. Trade Representative, originally Office of the Special Trade Representative (STR), is responsible for developing and coordinating international trade, commodity, and direct investment policy, and leading or directing negotiations with other countries. It is headed by the United States Trade Representative (also USTR), a Cabinet-level official with the rank of Ambassador. The agency provides trade policy leadership and negotiating expertise on all matters within the World Trade Organization (WTO): trade, commodity, and direct investment matters dealt with by international institutions such as the Organization for Economic Cooperation and Development (OECD) and the United Nations Conference on Trade and Development (UNCTAD): export expansion policy: industrial and services trade policy: international commodity agreements and policy: bilateral and multilateral trade and investment issues: trade-related intellectual property protection issues: and import policy. The agency has administrative responsibility for the Generalized System of Preferences (GSP): Section 301 complaints against foreign unfair trade practices: unlawful and unfair import competition under Section 337: and import relief cases under Section 201. Five Members from each of the House and Senate are formally appointed under statute as official Congressional advisors on trade policy, and additional Members may be appointed as advisors on particular issues or negotiations.
Trade Adjustment Assistance: Assistance provided by the Departments of Labor and Commerce to workers and firms that are adversely affected by increased imports. The Labor Department administers a program offering certif . . . View Full Definition
Trade Agreements Act Of 1979: P.L. 96-39 (July 26, 1979) provided the implementing legislation for the Tokyo Round of multilateral trade agreements in such areas as customs valuation, standards, subsidies, and government . . . View Full Definition
Trade Act Of 1974: P.L. 93-618 provided the President with tariff and nontariff trade barrier negotiating authority for the Tokyo Round of multilateral trade negotiations. It also gave the President broad auth . . . View Full Definition
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Pinch Hitter: A hitter who substitutes in the line-up for a starting player. The original batter canít return to the game, so the pinch hitter or a third person tak . . . Full Definition