USTR
USTR: refers both to the Office of the United States Trade Representative and the person of cabinet rank in charge of it. First created in 1962 as Special Representativefor Trade Negotiations and upgraded to cabinet rank in 1974. It was renamed USTR in 1980. USTR is the principal United States locus for trade policy coordination and negotiations, including commodity negotiations. In financial services, USTR has responsibility for insurance, but Treasury handles banking, funds management and securities. USTR publishes annually the National Trade Estimate Report on Foreign Trade Barriers, an inventory of the perceived most important barriers affecting United States exports of goods and services, foreign direct investment by United States persons, and protection of intellectual property rights. See also Monitoring and Enforcement Unit, Section 301, Section-306 monitoring, Special 301, Super 301 and United States trade agreements legislation.
Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf
Web site to visit: http://ctrc.sice.oas.org
Author of the text: W. Goode
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