Commerce and Trade Reorganization Act of 1989

Commerce and Trade Reorganization Act of 1989 - Redesignates the Department of Commerce as the Department of Commerce and Trade to be administered by a Secretary of Commerce and Trade appointed by the President. Directs the Secretary, among other things to: (1) coordinate U.S. policies for promoting beneficial international trade relationships; (2) negotiate U.S. international trade agreements; (3) protect American industry, agriculture, and labor from unfair or injurious foreign competition; (4) develop trade monitoring systems; (5) develop and implement U.S. policies concerning foreign investments; and (6) administer the U.S. Customs Service and maintain the U.S. tariff schedules.

Transfers to the Secretary all functions of the U.S. Trade Representative. Transfers to the Department the Export-Import Bank of the United States and the Overseas Private Investment Corporation.

Amends the Trade Expansion Act of 1962 to establish: (1) a Trade Policy Committee within the Executive Office of the President to assist in carrying out functions under U.S. trade laws; and (2) a Trade Negotiating Subcommittee to advise the Secretary concerning the management of negotiations relating to international trade and investment. Directs the President to provide such staff and support to the Committee and its subcommittees as may be necessary to enable them to carry out their functions.

Sets forth administrative provisions applicable to the Committee.

Directs the Secretary to submit a report annually to the President and the Congress on the Department's activities. Provides for the transfer of personnel, assets, records, and funding to correspond with the transfers of functions, offices, and agencies made by this Act.

Makes technical and conforming amendments to specified Acts to reflect the executive reorganization made by this Act.