Act to Neutralize Unfair Chinese Export Subsidies and Strengthen OECD Compliance
The Act requires the Secretary of the Treasury to submit a strategy within 180 days for working with allies to ensure China's compliance with OECD export credit standards. Additionally, the Act transfers the authority for conducting international negotiations from the President to the Secretary of the Treasury and extends the timeline for the goal of eliminating export subsidies by 10 years.
Key points
Strategy Requirement: The Treasury Secretary must submit a detailed strategy within 180 days on how the U.S. will work with allies to ensure China substantially complies with OECD export credit standards.
Negotiation Goal Extended: The goal for eliminating export subsidies is updated to a date that is 10 years after the enactment of this Act.
Shift in Authority: The responsibility for conducting international negotiations on export subsidies is transferred from the President to the Secretary of the Treasury, in consultation with the U.S. Trade Representative, with an endeavor to hold negotiations at least twice a year.
Status:
Expired
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