H.R.1024 - US-Kazakhstan Trade Modernization Act (119th Congress)
Summary
H.R.1024, the US-Kazakhstan Trade Modernization Act, aims to authorize the extension of nondiscriminatory trade relations (normal trade relations) to the products of Kazakhstan. The bill acknowledges Kazakhstan's compliance with emigration requirements since 1997 and its accession to the World Trade Organization in 2015. It grants the President the authority to terminate the application of Title IV of the Trade Act of 1974 to Kazakhstan and extend normal trade relations.
Expected Effects
If enacted, this bill would formally grant Kazakhstan normal trade relations status with the United States. This would likely lead to reduced tariffs and increased trade between the two countries. The removal of Title IV restrictions reflects a determination that Kazakhstan meets emigration standards.
Potential Benefits
- Increased Trade: Lower tariffs can lead to increased trade volume between the US and Kazakhstan.
- Economic Growth: Increased trade can stimulate economic growth in both countries.
- Support for Kazakhstan's Reforms: Granting normal trade relations acknowledges and supports Kazakhstan's economic and political reforms.
- Improved International Relations: This act can strengthen diplomatic ties between the US and Kazakhstan.
- Access to New Markets: US businesses may gain better access to the Kazakh market.
Potential Disadvantages
- Potential Job Displacement: Increased imports from Kazakhstan could potentially displace some US jobs in competing industries.
- Dependence on Kazakhstan: Increased trade could lead to greater economic dependence on Kazakhstan.
- Human Rights Concerns: While the bill acknowledges Kazakhstan's compliance with emigration requirements, concerns about other human rights issues may persist.
- Impact on Domestic Industries: Certain domestic industries might face increased competition.
- Geopolitical Risks: Trade relations could be affected by geopolitical instability in the region.
Constitutional Alignment
The bill aligns with the Constitution's delegation of power to Congress to regulate commerce with foreign nations (Article I, Section 8, Clause 3). The act does not appear to infringe upon any individual liberties or rights protected by the Constitution or its amendments. The President's role in making determinations and proclamations is consistent with the executive power granted by the Constitution (Article II).
Impact Assessment: Things You Care About ⓘ
This action has been evaluated across 19 key areas that matter to you. Scores range from 1 (highly disadvantageous) to 5 (highly beneficial).