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...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.