108 STAT. 4942 PUBLIC LAW 103-465—DEC. 8, 1994 "(2) In identifying priority foreign countiy practices under paragraph (1) of this section, the Trade Representative shall take into account all relevant factors, including— "(A) the major barriers and trade distorting practices described in the National Trade Estimate Report required under section 181(b); "(B) the trade agreements to which a foreign country is a party and its compliance with those agreements; (C) the medium- and long-term implications of foreign government procurement plans; and "(D) the international competitive position and export potential of United States products and services. (3) The Trade Representative may include in the report, if appropriate— "(A) a description of foreign country practices that may in the fliture warrant identification as priority foreign country practices; and "(B) a statement about other foreign country practices that were not identified because they are already being addressed by provisions of United States trade law, by existLiag bilateral trade agreements, or as part of trade negotiations with other countries and progress is being made toward the elimination of such practices. "(b) INITIATION OF INVESTIGATIONS.— By no later than the date which is 21 days after the date on which a report is submitted to the appropriate congressional committees under subsection (a)(1), the Trade Representative shall initiate under section 302(b)(1) investigations under this chapter with respect to all of the priority foreign country practices identified. "(c) AGREEMENTS FOR THE ELIMINATION OF BARRIERS.— In the consultations with a foreign country that the Trade Representative is required to request under section 303(a) with respect to an investigation initiated by reason of subsection (b), the Trade Representative shall seek to negotiate an agreement that provides for the elimination of the practices that are the subject of the investigation as quickly as possible or, if elimination of the practices is not feasible, an agreement that provides for compensatory trade benefits. "(d) REPORTS.— The Trade Representative shall include in the semiannual report required by section 309 a report on the status of any investigations initiated pursuant to subsection (b) and, where appropriate, the extent to which such investigations have led to increased opportunities for the export of products and services of the United States.". 19 USC 3581. SEC. 315. OBJECTIVES IN INTELLECTUAL PROPERTY. It is the objective of the United States— (1) to accelerate the implementation of the Agreement on Trade-Related Aspects of Intellectual Property Rights referred to in section 101(d)(15), (2) to seek enactment and effective implementation by foreign countries of laws to protect and enforce intellectual property rights that supplement and strengthen the standards of the Agreement on Trade-Related Aspects of Intellectual Property Rights referred to in section 101(d)(15) and the North American Free Trade Agreement and, in particular—
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