diff --git a/pep-0008.txt b/pep-0008.txt
index 7a5118e6f..3c6035a19 100644
--- a/pep-0008.txt
+++ b/pep-0008.txt
@@ -120,13 +120,29 @@ Code lay-out
 
   Encodings (PEP 263)
 
-    Code in the core Python distribution should aways use the ASCII or Latin-1
-    encoding (a.k.a. ISO-8859-1).
+    Code in the core Python distribution should aways use the ASCII or
+    Latin-1 encoding (a.k.a. ISO-8859-1).  For Python 3.0 and beyond,
+    UTF-8 is preferred over Latin-1, see PEP 3120.
 
-    Files using ASCII should not have a coding cookie.  Latin-1 should only be
-    used when a comment or docstring needs to mention an author name that
-    requires Latin-1; otherwise, using \x escapes is the preferred way to
-    include non-ASCII data in string literals.
+    Files using ASCII (or UTF-8, for Python 3.0) should not have a
+    coding cookie.  Latin-1 (or UTF-8) should only be used when a
+    comment or docstring needs to mention an author name that requires
+    Latin-1; otherwise, using \x, \u or \U escapes is the preferred
+    way to include non-ASCII data in string literals.
+
+    For Python 3.0 and beyond, the following policy is prescribed for
+    the standard library (see PEP 3131): All identifiers in the Python
+    standard library MUST use ASCII-only identifiers, and SHOULD use
+    English words wherever feasible (in many cases, abbreviations and
+    technical terms are used which aren't English). In addition,
+    string literals and comments must also be in ASCII. The only
+    exceptions are (a) test cases testing the non-ASCII features, and
+    (b) names of authors. Authors whose names are not based on the
+    latin alphabet MUST provide a latin transliteration of their
+    names.
+
+    Open source projects with a global audience are encouraged to
+    adopt a similar policy.
 
 
 Imports