In the case of any trade agreement which may be entered into by the President with a USMCA country, the negotiating objectives of the United States with respect to subsidies shall include—
achievement of increased discipline on domestic subsidies provided by a foreign government, including—
the provision of capital, loans, or loan guarantees on terms inconsistent with commercial considerations;
the provision of goods or services at preferential rates;
the granting of funds or forgiveness of debt to cover operating losses sustained by a specific industry; and
the assumption of any costs or expenses of manufacture, production, or distribution;
achievement of increased discipline on export subsidies provided by a foreign government, particularly with respect to agricultural products; and
maintenance of effective remedies against subsidized imports, including, where appropriate, countervailing duties.
Pub. L. 116–113, title IV, § 416Pub. L. 103–182, title IV, § 406107 Stat. 2138§ 416 of Pub. L. 116–113Pub. L. 116–113, title V, § 504(g)134 Stat. 75(, formerly , , ; renumbered and amended , , .)
Editorial Notes
Codification
section 3436 of this titlePub. L. 116–113Section was formerly classified to prior to renumbering by .
Amendments
Pub. L. 116–113, § 504(g)(3)2020—, substituted “USMCA country” for “NAFTA country” in introductory provisions.
Statutory Notes and Related Subsidiaries
Effective Date of 2020 Amendment
Pub. L. 116–113section 1516a of this titlesection 504(k) of Pub. L. 116–113section 4581 of this titleTransfer to and amendment of this section by effective on the date on which the USMCA enters into force (), but not applicable to certain determinations under or binational panel reviews under NAFTA, see , set out as a note under .