§ 5303. — Statement of policy.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 22USC5303]
TITLE 22--FOREIGN RELATIONS AND INTERCOURSE
CHAPTER 62--INTERNATIONAL FINANCIAL POLICY
SUBCHAPTER I--EXCHANGE RATES AND INTERNATIONAL ECONOMIC POLICY
COORDINATION
Sec. 5303. Statement of policy
It is the policy of the United States that--
(1) the United States and the other major industrialized
countries should take steps to continue the process of coordinating
monetary, fiscal, and structural policies initiated in the Plaza
Agreement of September 1985;
(2) the goal of the United States in international economic
negotiations should be to achieve macroeconomic policies and
exchange rates consistent with more appropriate and sustainable
balances in trade and capital flows and to foster price stability in
conjunction with economic growth;
(3) the United States, in close coordination with the other
major industrialized countries should, where appropriate,
participate in international currency markets with the objective of
producing more orderly adjustment of foreign exchange markets and,
in combination with necessary macroeconomic policy changes,
assisting adjustment toward a more appropriate and sustainable
balance in current accounts; and
(4) the accountability of the President for the impact of
economic policies and exchange rates on trade competitiveness should
be increased.
(Pub. L. 100-418, title III, Sec. 3003, Aug. 23, 1988, 102 Stat. 1373.)
