综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

   

US pass on China currency stirs Senate action

(Reuters)
Updated: 2007-06-15 14:42

 

The bill would require Treasury to develop a new semi-annual report to determine whether a country's currency is "fundamentally misaligned," regardless of intent.

 

For nations labeled as a priority country, the legislation would require the U.S. Treasury to immediately seek advice from the International Monetary Fund and key trading partners on how best to address the issue.

 

It also requires Treasury to oppose any favorable change in IMF governance practices for a targeted country and orders the Commerce Department to take the targeted country's currency practices into consideration when deciding if it qualifies as a "market economy" under U.S. anti-dumping laws.

 

China has asked to be considered a market economy believing that would lead to lower U.S. anti-dumping duties, which are imposed on foreign goods sold below "fair market" value.

After six months, the bill ratchets up the pressure on countries with misaligned currencies by imposing additional penalties. Those include allowing U.S. companies to seek anti-dumping duties against the country's currency practices, something they can not do now.

 

If the country has not reformed its currency practices after a year, the U.S. Trade Representative's office would be required to initiate a currency case at the WTO.

 

The Treasury Department also would be required to consult with the Federal Reserve and other central banks on possible "remedial intervention in currency markets" against the targeted country.

 

"(The bill) gives a good chance for self-correction before penalties ramp up. It's a velvet glove with a steel fist inside," said Grassley.

 

"This will be a very broadly supported bill," said Baucus, who told reporters it could be on the Senate floor for a vote by September. "This is the real deal."


 123  

(For more biz stories, please visit Industry Updates)



类乌齐县| 沁阳市| 乐亭县| 德钦县| 肃宁县| 柳河县| 北安市| 十堰市| 灵寿县| 莲花县| 勐海县| 华坪县| 巴林右旗| 定州市| 同德县| 张北县| 北流市| 马关县| 封丘县| 涞源县| 兴业县| 塔城市| 商河县| 阜城县| 莱州市| 石阡县| 阿克陶县| 左权县| 星子县| 合肥市| 上高县| 永平县| 天柱县| 方城县| 云安县| 定襄县| 浮山县| 齐齐哈尔市| 象山县| 祁阳县| 准格尔旗|