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Omnibus Trade and Competitiveness Act of 1988: P.L.
100-418 (August 23, 1988) provided the President with negotiating authority for
the General Agreement on Tariffs and Trade (GATT)
Uruguay Round, U.S.-Canada Free Trade Agreement,
and the North American Free Trade Agreement, and
specified U.S. negotiating objectives regarding agriculture. The law revised
statutory procedures for dealing with unfair trade practices and import damage
to U.S. industries. It gave USDA discretionary
authority to trigger marketing loans for wheat,
feed grains, and soybeans, if it is determined that unfair trade practices
exist.
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