Proposals to Reform the Escape Clause: Hearing Before the Committee on Finance, United States Senate, Ninety-ninth Congress, Second Session, July 17, 1986, Title III of S. 1860, S. 1863, S. 2099, Volume 4

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U.S. Government Printing Office, 1986 - 215 pages
 

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Page 135 - If, as a result of unforeseen developments and of the effect of the obligations incurred by a contracting party under this Agreement, including tariff concessions, any product is being imported into the territory of that contracting party in such increased quantities and under such conditions as to cause or threaten serious injury to domestic producers in that territory of like or directly competitive products, the contracting party shall be free, in respect of such product, and to the extent and...
Page 135 - Agreement, including tariff concessions, any product is being imported into the territory of that contracting party in such increased quantities and under such conditions as to cause or threaten serious injury to domestic producers in that territory of like or directly competitive products...
Page 74 - Development, the Director of the Office of Management and Budget, the Chairman of the Council of Economic Advisers, the...
Page 79 - Since something of value has been taken from them by escape-clause restrictions, the GATT rules authorize them to right the balance by imposing restrictions of their own against a similar volume of their imports from the United States or from any other country taking similar action or by being compensated by the United States through...
Page 122 - STATEMENT OF ALLAN I. MENDELOWITZ SENIOR ASSOCIATE DIRECTOR NATIONAL SECURITY AND INTERNATIONAL AFFAIRS DIVISION BEFORE THE SUBCOMMITTEE ON COMMERCE, CONSUMER, AND MONETARY AFFAIRS HOUSE COMMITTEE ON GOVERNMENT OPERATIONS T-NSIAD-87-12 45 Mr.
Page 132 - Steps toward a more open trading order generally have a favorable rather than an unfavorable impact on domestic jobs. Nevertheless, damaging import surges, whatever their cause, should be a matter of great concern to our people and our Government. I believe we should have effective instruments readily available to help avoid serious injury from imports and give American industries and workers time to adjust to increased imports in an orderly way.
Page 148 - ... the significant idling of productive facilities in the industry, the inability of a significant number of firms to operate at a reasonable level of profit, and significant unemployment or underemployment within the industry; (B) with respect to threat of serious injury...
Page 144 - States in such increased quantities as to be a substantial cause of serious injury, or the threat thereof, to the domestic industry producing an article like or directly competitive with the imported article. "(B) For purposes of this section, the term 'substantial cause ' means a cause which is important and not less than any other cause.
Page 109 - The following domestic subsidies, if provided or required by government action to a specific enterprise or industry, or group of enterprises or industries, whether publicly or privately owned and whether paid or bestowed directly or indirectly on the manufacture, production, or export of any class or kind of merchandise: "(I) The provision of capital, loans, or loan guarantees on terms inconsistent with commercial considerations.
Page 38 - a statement describing the specific purposes for which import relief is being sought, which may include such objectives as facilitating the orderly transfer of resources to alternative uses and other means of adjustment to new conditons of competition.

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