Support for Companies Relocating Production from China to Latin America
This act aims to strengthen trade relations with Latin American and Caribbean countries. It provides financial support for companies that relocate their production from China to these regions, which may affect product availability and job creation. The goal is to enhance supply chain security and reduce dependence on China.
Key points
Companies relocating production from China to Latin America and the Caribbean may receive lower interest rates on loans and coverage for relocation costs.
Support is only available to companies with no ties to the governments of China, Russia, or other foreign adversaries.
The act also includes investments in improving power grids and energy efficiency in Latin American and Caribbean countries.
Companies relocating production may benefit from temporary tax incentives in the U.S.
Status:
Expired
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