August 26, 2010

Wyden Welcomes Commerce Focus on Enforcement of Trade Laws

U.S. Department of Commerce Proposes New Rules to Combat Unfair Trade

Washington, D.C. Today, the U.S. Department of Commerce proposed a new trade enforcement package intended to combat unfairly traded imports and to promote U.S. manufacturing and exports.

“For too long, foreign producers have successfully skirted, shirked and shunned U.S. trade law,” said U.S. Senator Ron Wyden (D-Ore.), chair of the Senate Finance subcommittee on International Trade.  “The renewed focus on strengthening our laws to prevent unfairly traded imports is as welcome as it is necessary to get the economy back on track and reduce the massive trade deficit.”  

The U.S. Department of Commerce announced this morning a series of proposals that are intended to address the unfair imports that are sold below market prices or benefit from government subsidies.  Wyden and others encouraged the Obama administration to focus on combating unfair trade and enforcing the trade commitments of U.S. trading partners.  Earlier this month, Senators Wyden and Olympia J. Snowe (R-Maine) introduced as legislation the ENFORCE Act (S. 3725) which would give the U.S. Department of Commerce additional tools to reduce the ability of foreign producers to evade U.S. trade remedy laws.

More information is available here.