Sec. 201. Trade development with the Pacific Islands
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It is the sense of Congress that the United States should expand bilateral and multilateral trade with the Pacific Islands to promote socio-economic development and mutual prosperity. The United States Trade Representative shall develop and implement a strategy to expand and diversify trade and promote regional development with the Pacific Islands, including through negotiating trade and investment framework agreements. Not later than 180 days after the date of the enactment of this Act, and annually thereafter, the Trade Representative shall submit to the appropriate congressional committees a report that contains the strategy developed under this section. The report required by paragraph
(1)shall include— an assessment of the readiness of countries in the Pacific Islands to enter into enhanced trade relationships with the United States, including with respect to reducing or eliminating tariff and non-tariff barriers inhibiting progress towards deepening trade relationships; a review of existing regional multilateral and bilateral trade agreements and preference programs involving the Pacific Islands and their impacts on regional trade and development; and an identification of opportunities to work with existing regional frameworks to increase trade and economic integration with the Pacific Islands. Not later than 180 days after the date of the enactment of this Act, the United States Trade Representative shall provide to the appropriate congressional committees a briefing on the use of the Generalized System of Preferences under title V of the Trade Act of 1974 ( 19 U.S.C. 2461 et seq. ) by the Pacific Islands. The briefing required by paragraph
(1)shall include— a review of the usage of the Generalized System of Preferences by the Pacific Islands over the past 20 years, including the value and types of goods traded under the program; an analysis of United States trade with the Pacific Islands covered under the Generalized System of Preferences compared to trade with the Pacific Islands not conducted under any trade preference program; an assessment of why the Pacific Islands underutilizes the Generalized System of Preferences in trade with the United States; and recommendations for how the United States Government can further assist the Pacific Islands in utilizing the Generalized System of Preferences. The Trade Representative shall provide to the appropriate congressional committees an updated briefing under this subsection not later than 3 years after the date of the enactment of this Act. In this section, the term appropriate congressional committees means— the Committee on Ways and Means of the House of Representatives; and the Committee on Finance of the Senate.
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Sec. 201
Trade development with the Pacific Islands
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