(1) IN GENERAL.—Not later than 90 days after
the date of the enactment of this Act, the Secretary
shall submit to the Congress a report assessing the
access to the Japanese market of goods and services
produced or originating in the United States in each
sector specifically identified in the Framework
Agreement.
(2) CONTENTS
OF
REPORT.—The Secretary
shall include in the report under paragraph (1) the
following:
(A) An assessment of the market access
opportunities that would be available in the
Japanese market for goods and services in each
sector referred to in paragraph (1) in the ab-
sence of barriers to achieving access to such
market in both the public and private sectors in
Japan. In making such assessment, the Sec-
retary shall consider the competitive position of
such goods and services in similarly developed
markets in other countries. Such assessment
shall specify the time periods within which such
market access opportunities should reasonably
be expected to be obtained.
(B) Objective criteria for measuring the
extent to which those market access opportuni-
ties described in subparagraph (A) have been
obtained. The development of such objective cri-
teria may include the use of interim objective
criteria to measure results on a periodic basis,
as appropriate.
(b) SUBSEQUENT ANNUAL REPORTS.—
(1) IN
GENERAL.—Not later than the date
which is 1 year after the last day of the 90-day pe-
riod referred to in subsection (a)(1), and annually
thereafter, the Secretary shall submit to the Con-
gress a report containing the following:
(A) An assessment of the market access
opportunities that would be available in the
Japanese market, for goods and services pro-
duced or originating in the United States in
those sectors selected by the Secretary, in the
absence of the barriers to achieving access to
such market in both the public and private sec-
tors in Japan. In making such assessment, the
Secretary shall consider the competitive position
of such goods and services in similarly devel-
oped markets in other countries. Such assess-
ment shall specify the time periods within which
such market access opportunities should reason-
ably be expected to be obtained.
(B) Objective criteria for measuring the
extent to which those market access opportuni-
ties described in subparagraph (A) have been
obtained. The development of such objective cri-
teria may include the use of interim criteria de-
scribed in subsection (a)(2)(B).
(C) An assessment of whether, and to what
extent, Japan has materially complied with—
(i) agreements and understandings
reached between the United States and
Japan pursuant to section 3, and
(ii) existing trade agreements between
the United States and Japan.
Such assessment shall include specific informa-
tion on the extent to which United States sup-
pliers have achieved additional access to the
Japanese market and the extent to which
Japan has complied with other commitments
under such agreements and understandings.
(D) An assessment of the effect of the
agreements and understandings described in
subparagraph (C) on the access to the Japanese
markets of goods and services produced or orig-
inating in the United States.
(2) SELECTION OF SECTORS.—In selecting sec-
tors that are to be the subject of a report under
paragraph (1), the Secretary shall give priority to
those sectors—
(A) in which access to the Japanese mar-
ket is likely to have significant potential to in-
crease exports of United States goods and serv-
ices;
(B) in which access to the Japanese mar-
ket will result in significant employment bene-
fits for producers of United States goods and
services; or
(C) which represent critical technologies,
including those identified by the National Criti-
cal Technologies Panel under section 603 of the
National Science and Technology Policy, Orga-
nization, and Priorities Act of 1976 (42 U.S.C.
6683).
The Secretary shall include an assessment under
paragraph (1) of any sector for which the Trade
Representative requests such assessment be made.
In preparing any such request, the Trade Represent-
ative shall give priority to those barriers identified in
the reports required by section 181(b) of the Trade
Act of 1974.
(3) INFORMATION ON ACCESS BY FOREIGN SUP-
PLIERS.—The Secretary shall consult with the gov-
ernments of foreign countries concerning access to
the Japanese market of goods and services produced
or originating in those countries. At the request of
the government of any such country, the Secretary
may include in the reports required by paragraph
(1) information, with respect to that country, on
such access.
SEC. 3. NEGOTIATIONS TO ACHIEVE MARKET ACCESS.
(a) NEGOTIATING AUTHORITY.—The President is au-
thorized to enter into agreements or other understandings
with the Government of Japan for the purpose of obtain-
ing the market access opportunities described in the re-
ports of the Secretary under section 2.
(b) DETERMINATION
OF PRIORITY
OF NEGOTIA-
TIONS.—Upon the submission by the Secretary of each re-
port under section 2, the Trade Representative shall deter-
mine—
(1) for which sectors identified in the report the
Trade Representative will pursue negotiations, dur-
ing the 6-month period following submission of the
report, for the purpose of concluding agreements or
other understandings described in subsection (a),