To require an annual assessment and ranking of foreign countries with respect to the extent to which those countries engage in open international trade, and for other purposes.
Trade Relations Assessment Act - Directs the International Trade Commission to make an annual assessment of the free-trade status of each country that is a Contracting Party to the General Agreement on Tariffs and Trade in order to determine the extent to which each country: (1) opens its market to U.S. goods and services; and (2) fairly trades its goods and services in the international trading system.
Sets forth specified sanctions against countries found to have denied access to its markets, including: (1) suspension of benefits under the Generalized System of Preferences; (2) opposition to loans by multilateral development banks; and (3) increased tariffs on such country's goods.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the House Committee on Foreign Affairs.
Referred to the House Committee on Banking, Finance + Urban Affrs.
Referred to the Subcommittee on Trade.
Referred to the Subcommittee on International Development, Finance, Trade, and Monetary Policy.
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