Setting the Record Straight on Foreign Trade Barriers
==========
The U.S. Chamber of Commerce criticizes the U.S. Trade Representative's (USTR) decision to narrow the aperture of its annual National Trade Estimate (NTE) Report on Foreign Trade Barriers. USTR claims to respect the sovereign right of foreign governments to regulate for legitimate public policy reasons, but many of the barriers listed in the report are violations of commitments made in trade agreements with the United States. The U.S. Chamber of Commerce argues that USTR has a responsibility to enforce these commitments, as they have the force of law. The report also highlights the removal of past criticisms of the EU's Digital Markets Act, Korea's lack of transparency in competition policy, and foreign local content requirements. The U.S. Chamber of Commerce emphasizes that enforcement of trade agreements is a priority and calls for appropriate enforcement action to address violations.
#ForeignTradeBarriers #UsChamberOfCommerce #Ustr #TradeAgreements