The Omnibus Trade and Competitiveness Act, passed in 1988, aimed to improve the competitiveness of American industry and address trade imbalances through various provisions, including tariff reductions, import relief, and support for technology transfer. This act also established mechanisms for trade negotiations and emphasized the importance of international cooperation in fostering a more open global trading system.
congrats on reading the definition of Omnibus Trade and Competitiveness Act. now let's actually learn it.