; (ii) advocating for best practices with respect to policy and regulatory developments; (iii) conducting regular analyses of market systems, trends, prospects, and opportunities for value-addition, including risk assessments and constraints analyses of key sectors and of United States strategic competitiveness, and other reporting on commercial opportunities and investment climate; and (iv) providing recommendations for responding to developments that may adversely affect United States economic and commercial interests. . 505. Direction to embassy deal teams (a) Purposes The purposes of deal teams at United States embassies and consulates are— (1) to promote a private sector-led approach— (A) to advance economic growth and job creation that is tailored, as appropriate, to specific economic sectors; and (B) to advance strategic partnerships; (2) to prioritize efforts— (A) to identify commercial and investment opportunities; (B) to advocate for improvements in the business and investment climate; (C) to engage and consult with private sector partners; and (D) to report on the activities described in subparagraphs (A) through (C), in accordance with the applicable requirements under sections 706 and 707 of the Championing American Business Through Diplomacy Act of 2019 (22 U.S.C. 9902 and 9903); (3) (A) (i) to identify trade and investment opportunities for United States companies in foreign markets; or (ii) to assist with existing trade and investment opportunities already identified by United States companies; and (B) to deploy United States Government economic and other tools to help such United States companies to secure their objectives; (4) to identify and facilitate opportunities for entities in a host country to increase exports to, or investment in, the United States in order to grow two-way trade and investment; (5) to modernize, streamline, and improve access to resources and services designed to promote increased trade and investment opportunities