                        TITLE 19--CUSTOMS DUTIES
 
               CHAPTER 22--URUGUAY ROUND TRADE AGREEMENTS
 
 SUBCHAPTER I--APPROVAL OF, AND GENERAL PROVISIONS RELATING TO, URUGUAY 
                            ROUND AGREEMENTS
 
                       Part D--Related Provisions
 
Sec. 3555. Objectives for extended negotiations


(a) Trade in financial services

    The principal negotiating objective of the United States in the 
extended negotiations on financial services to be conducted under the 
auspices of the WTO is to seek to secure commitments, from a wide range 
of commercially important developed and developing countries, to reduce 
or eliminate barriers to the supply of financial services, including 
barriers that deny national treatment or market access by restricting 
the establishment or operation of financial services providers, as the 
condition for the United States--
        (1) offering commitments to provide national treatment and 
    market access in each of the financial services subsectors, and
        (2) making such commitments on a normal trade relations basis.

(b) Trade in basic telecommunications services

    The principal negotiating objective of the United States in the 
extended negotiations on basic telecommunications services to be 
conducted under the auspices of the WTO is to obtain the opening on 
nondiscriminatory terms and conditions of foreign markets for basic 
telecommunications services through facilities-based competition or 
through the resale of services on existing networks.

(c) Trade in civil aircraft

                          (1) Negotiations

        The principal negotiating objectives of the United States in the 
    extended negotiations on trade in civil aircraft to be conducted 
    under the auspices of the WTO are--
            (A) to obtain competitive opportunities for United States 
        exports in foreign markets substantially equivalent to those 
        afforded to foreign products in the United States,
            (B) to obtain the reduction or elimination of specific 
        tariff and nontariff barriers, including through expanded 
        membership in the Agreement on Trade in Civil Aircraft and in 
        the US-EC bilateral agreement for large civil aircraft,
            (C) to maintain vigorous and effective disciplines on 
        subsidies practices with respect to civil aircraft products 
        under the Agreement on Subsidies and Countervailing Measures 
        referred to in section 3511(d)(12) of this title,
            (D) to maintain the scope and coverage on indirect support 
        as specified in the US-EC bilateral agreement on large civil 
        aircraft, and
            (E) to obtain increased transparency with respect to foreign 
        subsidy programs in the civil aircraft sector, both through 
        greater government disclosure with respect to the use of 
        taxpayer moneys and higher financial disclosure standards for 
        companies receiving government supports (including disclosure 
        comparable to that required under United States securities 
        laws).

                           (2) Definitions

        For purposes of paragraph (1)--
            (A) the term ``civil aircraft'' means those products to 
        which the Agreement on Trade in Civil Aircraft applies,
            (B) the term ``large civil aircraft'' has the meaning given 
        that term in Annex II to the US-EC bilateral agreement,
            (C) the term ``indirect support'' means indirect government 
        support as defined in Annex II to the US-EC bilateral agreement,
            (D) the term ``Agreement on Trade in Civil Aircraft'' means 
        the Agreement on Trade in Civil Aircraft approved by the 
        Congress under section 2503 of this title, and
            (E) the term ``US-EC bilateral agreement'' means the 
        Agreement Concerning the Application of the GATT Agreement on 
        Trade in Civil Aircraft Between the European Economic Community 
        and the Government of the United States of America on trade in 
        large civil aircraft, entered into on July 17, 1992.

(Pub. L. 103-465, title I, Sec. 135, Dec. 8, 1994, 108 Stat. 4840; Pub. 
L. 105-206, title V, Sec. 5003(b)(5), July 22, 1998, 112 Stat. 790.)


                               Amendments

    1998--Subsec. (a)(2). Pub. L. 105-206 substituted ``normal trade 
relations'' for ``most-favored-nation''.


                             Effective Date

    Section effective on date on which WTO Agreement enters into force 
with respect to United States [Jan. 1, 1995], see section 138(b) of Pub. 
L. 103-465, set out as a note under section 3551 of this title.
