Statement by Deputy Press Secretary Arsht on the Implementation of the Omnibus Trade and Competitiveness Act of 1988

The President has signed an Executive order to implement the Omnibus Trade and Competitiveness Act of 1988. The 1100 page act assigns numerous authorities and responsibilities to the President. The President's general objective in signing the Executive order was "to ensure that the international trade policy of the United States shall be conducted and administered in a way that achieves the economic, foreign policy, and national security objectives of the United States and in a coordinated manner under the direction of the President." The order will enable the United States to continue effectively to work for more open world markets and strengthened international institutions.