Bill > HR2329

This bill authorizes the President to extend normal trade relations (NTR) treatment to products from Uzbekistan by allowing the termination of certain trade restrictions currently in place under Title IV of the Trade Act of 1974. Specifically, the bill empowers the President to determine that Title IV's restrictions should no longer apply to Uzbekistan and to then proclaim NTR status for Uzbek products. The bill stipulates that this change will only take effect when the President certifies to Congress that Uzbekistan has officially joined the World Trade Organization (WTO) by acceding to the Marrakesh Agreement. Normal trade relations treatment, previously known as "most favored nation" status, means that imported goods from Uzbekistan would be subject to the same low tariff rates and favorable trade conditions as goods from other U.S. trading partners. By removing trade restrictions and facilitating Uzbekistan's integration into the global trading system, the bill aims to promote economic engagement and potentially improve diplomatic relations with Uzbekistan.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/2329/all-info