TeachMeFinance.com - explain Section 201
Section 201 The term 'Section 201 ' as it applies to the area of agriculture can be defined as ' A section of the Trade Act of 1974 that permits the President to grant temporary import relief, by raising import duties or imposing nontariff barriers on goods entering the United States that injure or threaten to injure domestic industries producing like goods. This provision is the analog of GATT Article 19, which allows GATT contracting parties to provide relief from injurious competition when temporary protection will enable the domestic industry to make adjustments to meet the competition'.
About the author
Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.