National Commission on the Use of Offsets in Defense Trade, and President's Council on the Use of Offsets in Commercial Trade

Résumé

This notice announces a forthcoming meeting of the President's Council on the Use of Offsets in Commercial Trade, a federal advisory committee that is being established by Executive Order. The Council will meet jointly with the parallel National Commission on the Use of Offset in Defense Trade, established by Public Law 106-113. "Offsets" are conditions that a foreign government often negotiates with a U.S. company seeking to export a major defense or commercial system to its country (e.g., military or commercial aircraft), under which the country's firms (a) participate in the production of the system and/or its subsystems, or (b) obtain other technological or economic benefits from the U.S. exporter. The purpose of the meeting is to assess the effect of offsets in both defense and commercial trade on U.S. jobs, U.S. economic competitiveness, and U.S. national security. Due to the expedited set up of this Commission, this posting is being made is less than 15 days before the first meeting date.