The United States has launched a new trade investigation into the manufacturing sectors of 16 economies, including Bangladesh, alleging that structural excess capacity and production in these countries are undermining US reindustrialisation efforts.
The probe, initiated under Section 301 of the US Trade Act of 1974, will examine whether the policies and practices of these economies unfairly burden or restrict US commerce, according to a statement issued by the Office of the United States Trade Representative (USTR) on Wednesday.
The other economies under investigation are: China, the European Union, India, Vietnam, Indonesia, Malaysia, Thailand, Cambodia, Korea, Japan, Mexico, Singapore, Switzerland, Norway and Taiwan.
United States Trade Representative Jamieson Greer announced the initiation of investigations regarding the acts, policies and practices of various economies under Section 301(b) of the Trade Act of 1974 relating to structural excess capacity and production in manufacturing sectors.
The investigations will determine whether those acts, policies and practices are unreasonable or discriminatory and whether they burden or restrict US commerce.
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