Authorization of Normal Trade Relations for Certain Countries.
This bill authorizes the President to extend nondiscriminatory treatment (normal trade relations treatment) to products of "covered countries." Upon the President's proclamation, Title IV of the Trade Act of 1974 shall cease to apply to those countries. The definition of a covered country excludes three specific nations.
Key points
The President may determine that Title IV of the Trade Act of 1974 should no longer apply to a covered country and proclaim normal trade relations.
A "covered country" is defined as any country excluding Belarus, Cuba, and North Korea.
On the effective date of the extension of nondiscriminatory treatment, Title IV ceases to apply to the covered country.
Status:
Introduced
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