Termination of Section 302 Investigation: Practices of the Government of Brazil Regarding Trade and Investment in the Auto Sector

الملخص

On October 11, 1996, the Acting United States Trade Representative (USTR) initiated an investigation under section 302(b)(1) of the Trade Act of 1974, as amended (the Trade Act), with respect to certain acts, policies and practices of the Government of Brazil concerning the grant of tariff-reduction benefits contingent on satisfying certain export performance and domestic content requirements. Following consultations with the United States under the auspices of the World Trade Organization (WTO), Brazil has agreed that it will not extend its automotive trade-related investment measures beyond December 31, 1999. Having reached a satisfactory resolution of the issues under investigation, the USTR has determined to terminate this section 302 investigation and monitor implementation of the agreement under section 306 of the Trade Act.