Excerpt from Tied Aid Practices of U. S. Competitors: Hearing Before the Subcommittee on Economic Policy, Trade and Environment, of the Committee on Foreign Affairs, House of Representatives, One Hundred Third Congress, Second Session, May 25, 1994
Because inadequate information leads to poor public policy, last year Congressmen Bereuter, Roth, and I requested a study of the tied aid practices of our major competitors. At that time we asked the gao to determine how much u.s. Exporters lost each year to this practice, how accurate is the data on tied aid, and what can be done to improve our competitive position.
It is my hope that today's distinguished witnesses, Chairman Brody, of the Export Import Bank of the United States, and Dr. Alan Mendelowitz, of the General Accounting Office, will be able to provide us with more definitive information on the tied aid prae tices of our major competitors, and also the expectations of the new policy on tied aid.
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