Trade Agreements Compliance Act: Hearing Before the Subcommittee on International Trade of the Committee on Finance, United States Senate, One Hundred First Congress, Second Session on S. 2742, July 13, 1990

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Page 30 - Department of Commerce and the Department of Labor quantified this effect. The study's model demonstrated that a five percent gain in the Japanese DRAM market would lower the costs of US semiconductor manufacturers by 4 percent and increase their share of their own market by 2.5 market share points. • A closed home market gives foreign firms a sanctuary, which reduces the uncertainty associated with investment in new capacity. This, in turn, has often triggered overcapacity and below-cost sales.
Page 29 - The Semiconductor Industry Association, which represents US-based semiconductor manufacturers, was created in 1977 to address the public policy issues confronting the industry. SIA member firms represent over 90 percent of the American semiconductor industry.
Page 30 - ... $9.8 billion in Europe. • High technology industries must amortize large investments in R&D and plant and equipment over a short product life cycle. If US firms do not have access to foreign markets, they will not generate the funds they need to invest in the next generation of semiconductors. • Semiconductor costs traditionally follow a "learning curve" — where cost reductions of approximately 30 percent are achieved for every doubling of cumulative output. For that reason, the continued...
Page 29 - SIA was created in 1977 to address the public policy issues confronting the industry. SIA concentrates its energies on those issues which affect the ability of the industry to remain internationally competitive. Members of the SIA have been actively involved in gaining access to the Japanese semiconductor market since the association's founding.
Page 28 - As you know, our industry has been deeply involved in developing the Japanese market for value added wood products for over a decade, spending millions of dollars and hours to promote US products. Industry association activities, in cooperation with USDA's Foreign Agricultural Service, have included several trade shows a year, Japanese language publications...
Page 4 - We are going to have to acknowledge that our economic health and our ability to trade competitively on the world market, may be the single most important component of our national security as we move into the next century" , then certainly we must have a more effective approach to this issue.
Page 44 - It shall be lawful for appraising officers, in determining the dutiable value of such merchandise, to take into consideration the wholesale price at which such or similar merchandise is sold or offered for sale in the United States...
Page 27 - ... engage in trade distorting practices because it is economically advantageous to their industries to do so. Trade concessions must be won against strong resistance resulting often from pressure on a foreign government from its own domestic industry. After trade agreements are signed, and the crises atmosphere has subsided, foreign governments tend to revert to the former trade distorting practices, or avoid implementation in acts of forgetfulness as governments move on to other important business,...
Page 29 - The United States has a broad range of agreements with its trading partners. These trade measures are meaningless unless they are lived up to. Currently there is no provision in US trade law which allows US industry to seek a review of foreign government compliance with these trade regulations. Generally speaking, our trading partners will only do what is necessary to diffuse...
Page 28 - We now have another project called Super House which will set a precedent for the provisions in the Super 301 Agreement. Industry representative offices in Japan, seminars, trade missions, and new involvement in Japanese technical committees, round out our efforts.

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