Building a National Consensus on Trade for the Twenty-First Century

A Report to the President

Prepared by the President's Export Council


SUMMARY

This is the PEC's final report to President Clinton. The report summarizes the PEC's accomplishments of the past eight years and, more importantly, outlines the work that still needs to be done to guide the new Administration and the new PEC.

Key PEC Recommendations For The Future

Trade Education

Future PECs should make it a priority to publicize and encourage model trade education programs. The PEC should continue to encourage employer-employee and labor-management communication and build local Trade Education Networks to facilitate the exchange of effective trade education programs.

Negotiating Authority

The PEC urges the incoming Administration to re-evaluate trade negotiating authority for the President to enable the United States to enter into free trade agreements with other countries and trading blocs.

Labor and Environment

As recommended by the PEC prior to the Seattle Ministerial, the incoming Administration should develop ways to recognize the linkage between labor rights, human rights and environmental protection, and international trade.

Encryption Liberalization

The next PEC must continue to monitor the impact and implementation of recent encryption regulations liberalization, particularly with regard to other governments abroad.

Sanctions

The next PEC should work closely with the Administration to develop a sanctions process that uses ongoing cost-benefit analysis, contingency planning, increased effort at getting multilateral cooperation and better coordination with Congress. While there have been many positive steps in reforming sanctions policy, more should be done. There should be consensus on a successor to the Export Administration Act, a new approach to computer export controls, and a further update of the Export Administration Regulations.

Technology and Competitiveness

Any Government dialogue on long-term priorities should include a discussion on the impact of international tax policy on multinationals, with a focus on a review of the international tax system to root out major impediments limiting multinationals' ability to compete globally with foreign and foreign-base multinationals.

 

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