22 U.S.C. § 6941 — Findings
submitted 26 years ago by Pub. L. 106-286 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 179 words · no verdicts yet
Congress finds that opening world markets increased United States goods and services exports by 56 percent since 1992 and helped produce the longest United States economic expansion. It also finds that the United States must monitor and enforce trade agreements, especially China’s WTO commitments, so United States businesses, workers, and farmers can receive the promised opportunities.
Congress finds: (1) Removing tariff and non-tariff barriers opened world markets and contributed to a 56-percent increase in United States goods and services exports since 1992. (2) That export growth and generally increased trade helped fuel the longest economic expansion in United States history. (3) The United States Government must remain vigilant in monitoring and enforcing trading partners’ compliance with trade agreements so United States businesses, workers, and farmers can continue benefiting from market-opening agreements. (4) As part of joining the WTO*, the People’s Republic of China committed to removing major agricultural, services, and manufacturing trade barriers; if carried out, this would create substantial opportunities for United States farmers, businesses, and workers. (5) To fully realize those opportunities, the United States Government must effectively monitor and enforce its rights under China’s WTO-accession agreements.
The Congress finds as follows:
The opening of world markets through the elimination of tariff and nontariff barriers has contributed to a 56-percent increase in exports of United States goods and services since 1992.
Such export expansion, along with an increase in trade generally, has helped fuel the longest economic expansion in United States history.
The United States Government must continue to be vigilant in monitoring and enforcing the compliance by our trading partners with trade agreements in order for United States businesses, workers, and farmers to continue to benefit from the opportunities created by market-opening trade agreements.
The People’s Republic of China, as part of its accession to the World Trade Organization*, has committed to eliminating significant trade barriers in the agricultural, services, and manufacturing sectors that, if realized, would provide considerable opportunities for United States farmers, businesses, and workers.
For these opportunities to be fully realized, the United States Government must effectively monitor and enforce its rights under the agreements on the accession of the People’s Republic of China to the WTO*.
Source credit: (Pub. L. 106–286, div. B, title IV, § 411, Oct. 10, 2000, 114 Stat. 901.)
- 2000Enacted · Pub. L. 106-286 · 114 Stat. 901
A history note hasn’t been published yet. The record shows enactment by Pub. L. 106-286 on 2000-10-10.
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