(MENAFN- Caribbean News Global)
WASHINGTON, USA – United States Trade Representative Katherine Tai, on Thursday, released the 2022 National Trade Estimate Report on Foreign Trade Barriers (NTE Report), providing a comprehensive review of significant foreign barriers to US exports of goods and services, US foreign direct investment, and US electronic commerce in key export markets for the United States.
“The president's trade agenda detailed a bold vision for supporting America's working families and businesses by promoting fair competition and inclusive economic growth,” said ambassador Tai. “The 2022 NTE report identifies a range of important challenges and priorities to guide the Biden administration's effort to craft trade policy that reflects our country's values and builds a better America.”
Published annually since 1985, the NTE Report covers significant foreign trade barriers in over 64 markets which together account for 99 percent of US goods trade and 85 percent of US services trade.
The NTE report covers significant trade barriers in areas, including: (1) import policies; (2) technical barriers to trade; (3) sanitary and phytosanitary measures; (4) government procurement; (5) intellectual property protection; (6) services barriers; (7) barriers to digital trade and electronic commerce; (8) investment barriers; (9) subsidies, especially export subsidies; (10) competition; (11) state-owned enterprises; (12) labor; (13) environment; among others.
You can view the report here .
The release of the 2022 NTE Report follows the March 1, 2022 release of the 2022 President's Trade Agenda and 2021 Annual Report. USTR plans to release its annual Special 301 Report on the adequacy and effectiveness of trading partners' protection of intellectual property rights by April 30, 2022.
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