§4725 — Title 15 Commerce and Trade | U.S. Code

Summary

Require the U.S. and Foreign Commercial Service to boost exports to Japan, South Korea, and Taiwan. They must find American goods and services that are not yet sold there but could compete, tell U.S. sellers about those chances, give lists of those goods and any trade barriers to officials in those countries to try to open markets, help U.S. sellers enter those markets, and watch and measure the results. The Secretary of Commerce must report periodically to Congress on these activities. "United States person" means a U.S. citizen or a business formed under U.S. law (including states, the District of Columbia, and U.S. territories).

Title 15, §4725

Commerce and Trade — Source: USLM XML via OLRC

(a)In order to encourage the export of United States goods and services to Japan, South Korea, and Taiwan, the United States and Foreign Commercial Service shall make a special effort to—

(1)identify United States goods and services which are not being exported to the markets of Japan, South Korea, and Taiwan but which could be exported to these markets under competitive market conditions;

(2)identify and notify United States persons who sell or provide such goods or services of potential opportunities identified under paragraph (1);

(3)present, periodically, a list of the goods and services identified under paragraph (1), together with a list of any impediments to the export of such goods and services, to appropriate authorities in Japan, South Korea, and Taiwan, with a view toward liberalizing markets to such goods and services;

(4)facilitate the entrance into such markets by United States persons identified and notified under paragraph (2); and

(5)monitor and evaluate the results of efforts to increase the sale of goods and services in such markets.

(b)The Secretary of Commerce shall report periodically to the Congress on activities carried out under subsection (a).

(c)As used in this section, the term “United States person” means—

(1)a United States citizen; or

(2)a corporation, partnership, or other association created under the laws of the United States or any State (including the District of Columbia or any commonwealth, territory, or possession of the United States).

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Termination of Reporting RequirementsFor termination, effective May 15, 2000, of provisions of law requiring submittal to Congress of any annual, semiannual, or other regular periodic report listed in House Document No. 103–7 (in which a report required under subsec. (b) of this section is listed on page 51), see section 3003 of Pub. L. 104–66, as amended, set out as a note under section 1113 of Title 31, Money and Finance.

§4725 United States and Foreign Commercial Service Pacific Rim Initiative

Summary

Title 15, §4725

Notes & Related Subsidiaries

Statutory Notes and Related Subsidiaries

Citations & Metadata