12 U.S.C. § 635p : US Code - Section 635P: Presidential mandate to negotiate; objectives

Search 12 U.S.C. § 635p : US Code - Section 635P: Presidential mandate to negotiate; objectives

The President shall vigorously pursue negotiations to limit and
set rules for the use of tied aid for exports. The negotiating
objectives of the United States should include reaching agreements -

(1) to define the various forms of tied aid credit,
particularly mixed credits under the Arrangement on Guidelines
for Officially Supported Export Credits established through the
Organization for Economic Cooperation and Development
(hereinafter in this subchapter referred to as the
"Arrangement");
(2) to phase out the use of government-mixed credits by a date
certain;
(3) to set rules governing the use of public-private
cofinancing, or other forms of mixed financing, which may have
the same result as government-mixed credits of drawing on
concessional development assistance to produce subsidized export
financing;
(4) to raise the threshold for notification of the use of tied
aid credit to a 50 per centum level of concessionality;
(5) to improve notification procedures so that advance
notification must be given on all uses of tied aid credit; and
(6) to prohibit the use of tied aid credit for production
facilities for goods which are in structural oversupply in the
world.