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Code · BILL · 117th Congress · H.R. 2967 (Introduced in House) — To establish a comprehensive, long-term United States strategy and policy for the Pacific Islands, and for other purp... · Sec. 202

Sec. 202. Trade capacity building initiative for the Pacific Islands

295 words·~1 min read·/bill/117/hr/2967/ih/section-202·

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The Administrator of the United States Agency for International Development, in coordination with the Secretary of State, the Secretary of the Treasury, the Secretary of Commerce, and the Chief Executive Officer of the United States International Development Finance Corporation, shall develop and implement a trade capacity building initiative for the Pacific Islands. The initiative developed under this section shall— include an initial, public assessment of— economic opportunities for which United States businesses, or those of other like-minded partners, would be competitive; and legal, economic, governance, infrastructural, or other hurdles limiting United States investment in the Pacific Islands; develop human and institutional capacity and infrastructure across multiple sectors of economies, including digital connectivity and cybersecurity; assist with development and implementation of regional and international trade agreements, including the World Trade Organization’s Agreement on Trade Facilitation and facilitation of intra-regional trade flows; support women-owned enterprises and gender equality; and promote government policies that encourage free and fair competition, sound governance, environmental protection, and business environments conducive to sustainable and inclusive economic growth.
The Secretary of Commerce shall expand the presence of the U.S. Commercial Service in the Pacific Islands and allocate additional Foreign Commercial Service Officers to the Pacific Islands, including by elevating existing partner posts and establishing new Commercial Service posts and partner posts, to— explore opportunities for United States private sector investment; examine regulations in host countries in the Pacific Islands that may hinder foreign direct investment, including those related to human rights, labor rights, and environmental protection, and provide technical assistance when requested by such host countries; and report on the commercial and investment activities of non-allied foreign actors in the Pacific Islands.
There are authorized to be appropriated $15,000,000 for each of the fiscal years 2022 through 2026 to carry out this section.
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