Sens. Hint At WTO Action Against Export Credit Agencies

Law360, New York (September 30, 2014, 12:00 PM EDT) -- A pair of U.S. Senate Republicans on Monday pressed the Obama administration to ensure that foreign export credit agencies are providing financial backing to businesses in line with international obligations, holding the door open for a World Trade Organization case against offending nations.

Senate Finance Committee Ranking Member Orrin Hatch, R-Utah, and Sen. Bob Corker, R-Tenn., urged U.S. Trade Representative Michael Froman to scrutinize whether agencies competing with the Export-Import Bank of the U.S. are running afoul of the WTO's Agreement on Subsidies and Countervailing Measures.

"We respectfully ask for an update on your investigative efforts and analysis as to whether...

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