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 4U.S. Government Printing Office, 1986 - 215 pages |
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Common terms and phrases
AACCLA action adjustment assistance adjustment plan Administration Ambassador YEUTTER amendment American AMORY HOUGHTON antidumping antitrust relief Article XIX auction quotas believe Chairman changes Committee concerned Congress consumers cost countervailing duty countries decision determination domestic industry dumping ECAT effect escape clause exchange rate factors fairly traded imports fast track firms floating exchange rates footwear foreign GATT Harley Harley-Davidson heavyweight motorcycles HOLMER import competition import relief import restrictions impose increased imports industry adjustment International Trade Commission inventory investigation issue ITC's JULY 17 labor legislation limited multilateral negotiations option period petitioners President President's Presidential discretion problems protectionist recommended remedy result retaliation safeguard section 201 Senator BAUCUS Senator DANFORTH Senator Evans Senator HEINZ Senator MITCHELL serious injury statement statute substantial cause tariff Thank tion Trade Act Trade Expansion Act trade policy U.S. exports U.S. industry U.S. trade laws U.S. Trade Representative United USITC USTR
Popular passages
Page 74 - Development, the Director of the Office of Management and Budget, the Chairman of the Council of Economic Advisers, the...
Page 144 - 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 120 - 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 130 - 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. My proposed legislation outlines new measures for achieving these goals. To begin with, I recommend a less restrictive test for invoking import restraints. Today, restraints...
Page 38 - Commission") by an entity, including a trade association, firm, certified or recognized union, or group of workers, which is representative of an industry. The petition shall include 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 conditions of competition.
Page 146 - ... 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 107 - 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 142 - 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 79 - Import restrictions imposed pusuant to Section 201 almost always modify a US import concession that other countries have paid for in the form of a reciprocal lowering of their own import barriers. Since something of value has been taken from them by Section 201 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...
Page 56 - ... (B) For purposes of this paragraph and subsection (dX2), critical circumstances exist if a substantial increase in imports (either actual or relative to domestic production) over a relatively short period of time has led to circumstances in which a delay in taking action under this chapter would cause harm that would significantly impair the effectiveness of such action.