15 USC 4712 - Barter and countertrade

U.S Code last checked for updates: May 03, 2024

§ 4712.

Barter and countertrade

(a)

Interagency group

(1)

Establishment

(2)

Functions

It shall be the function of the interagency group to—

(A)

review and evaluate—

(i)

United States policy on countertrade and offsets, in light of current trends in international countertrade and offsets and the impact of those trends on the United States economy;

(ii)

the use of countertrade and offsets in United States exports and bilateral United States foreign economic assistance programs; and

(iii)

the need for and the feasibility of negotiating with other countries, through the Organization for Economic Cooperation and Development and other appropriate international organizations, to reach agreements on the use of countertrade and offsets; and

(B)

make recommendations to the President and the Congress on the basis of the review and evaluation referred to in subparagraph (A).

(3)

Sharing of information

(b)

Office of Barter

(1)

Establishment

(2)

Director

(3)

Staff

(4)

Functions

It shall be the function of the Office to—

(A)

monitor information relating to trends in international barter;

(B)

organize and disseminate information relating to international barter in a manner useful to business firms, educational institutions, export-related Federal, State, and local government agencies, and other interested persons, including publishing periodic lists of known commercial opportunities for barter transactions beneficial to United States enterprises;

(C)

notify Federal agencies with operations abroad of instances where it would be beneficial to the United States for the Federal Government to barter Government-owned surplus commodities for goods and services purchased abroad by the Federal Government; and

(D)

provide assistance to enterprises seeking barter and countertrade opportunities.

(Pub. L. 100–418, title II, § 2205, Aug. 23, 1988, 102 Stat. 1332.)

cite as: 15 USC 4712