BIS Posts Study on Offsets in Defense Trade
The Bureau of Industry and Security has posted its sixteenth study of “Offsets in Defense Trade.” This report to Congress addresses the impact of offsets in defense trade prepared by BIS pursuant to Section 723 of the Defense Production Act (DPA) of 1950, as amended.
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(Offsets in defense trade encompass a range of industrial compensation arrangements required by foreign governments as a condition of the purchase of defense articles and services from a non-domestic source.)
BIS collects data annually from U.S. firms involved in defense exports with associated offset agreements in order to assess the impact of offsets in defense trade. The U.S. Government has established an interagency team to consult with foreign nations on limiting the adverse effects of offsets in defense procurement. The data collected by BIS is utilized in the multilateral and bilateral consultations of the team and its working group. This report also includes an annual progress report on the work of the Interagency Working Group on Offsets during the past year as an annex.
(See ITT’s Online Archives 11011909 for BP summary of the 15th study.)