22 U.S.C. § 5823: Funding for export promotion…

Summary

The President is encouraged to use part of the aid money for the independent states of the former Soviet Union to pay for export promotion and finance work and to pay for capital projects like telecommunications, environmental cleanup, power production, and other energy projects. The Secretary of Commerce, as chair of the Trade Promotion Coordination Committee, should work with the committee to create and run programs that help U.S. businesses sell in those countries. That includes increasing U.S. Commercial Service staff (especially in Vladivostok and Khabarovsk), making export-opportunity profiles and other technical help, using the Market Development Cooperator Program (section 4723 of title 15), helping small and medium businesses with experienced private partners, supporting U.S. business partnerships and joint ventures, backing export finance, feasibility studies, and political risk insurance, and supporting BISNIS and related programs.

Title 22, §5823

Foreign Relations and Intercourse, Source: USLM XML via OLRC

(a)Allocation of A.I.D. funds

The President is encouraged to use a portion of the funds made available for the independent states of the former Soviet Union under chapter 11 of part I of the Foreign Assistance Act of 1961 [22 U.S.C. 2295 et seq.]—

(1)to fund the export promotion, finance, and related activities carried out pursuant to subsection (b)(1), including activities relating to the export of intermediary goods; and

(2)to fund capital projects, including projects for telecommunications, environmental cleanup, power production, and energy related projects.

(b)Export promotion, finance, and related activities

The Secretary of Commerce, as Chair of the Trade Promotion Coordination Committee, should, in conjunction with other members of that committee, design and implement programs to provide adequate commercial and technical assistance to United States businesses seeking markets in the independent states of the former Soviet Union, including the following:

(1)Increasing the United States and Foreign Commercial Service presence in the independent states, in particular in the Russian Far Eastern cities of Vladivostok and Khabarovsk.

(2)Preparing profiles of export opportunities for United States businesses in the independent states and providing other technical assistance.

(3)Utilizing the Market Development Cooperator Program under section 4723 of title 15.

(4)Developing programs specifically for the purpose of assisting small- and medium-sized businesses in entering commercial markets of the independent states. In carrying out this paragraph, the Secretary of Commerce, to the extent possible, should work directly with private sector organizations with proven experience in trade and economic relations with the independent states.

(5)Supporting projects undertaken by the United States business community on the basis of partnership, joint venture, contractual, or other cooperative agreements with appropriate entities in the independent states.

(6)Supporting export finance programs, feasibility studies, political risk insurance, and other related programs through increased funding and flexibility in the implementation of such programs.

(7)Supporting the Business Information Service (BISNIS) and its related programs.

Notes & Related Subsidiaries

Editorial Notes

References in Text

The Foreign Assistance Act of 1961, referred to in subsec. (a), is Pub. L. 87–195, Sept. 4, 1961, 75 Stat. 424. Chapter 11 of part I of the Act is classified generally to part XI (§ 2295 et seq.) of subchapter I of chapter 32 of this title. For complete classification of this Act to the Code, see

Short Title

note set out under section 2151 of this title and Tables.

§5823 Funding for Export Promotion Activities and Capital Projects