New Bill Aims To Eliminate Foreign Market Barriers

Law360, New York (October 9, 2009, 12:23 PM EDT) -- U.S. lawmakers have unveiled legislation that would require negotiators to remove trade barriers restricting U.S. products in foreign markets before offering tariff concessions in return, in an effort to reduce a $2 billion-a-day trade deficit and ensure equal market access.

The Reciprocal Market Access Act was introduced Thursday in the U.S. House of Representatives by Rep. Louise M. Slaughter, D-N.Y., who chairs the House's Committee on Rules, and in the U.S. Senate by Sens. Sherrod Brown, D-Ohio, and Kay Hagan, D-N.C.

According to its authors, the...
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