Joint Export Marketing Assistance Act of 1979

Summary

Joint Export Marketing Assistance Act of 1979 - Directs the Secretary of Commerce to establish a program to promote export marketing activities for domestic industry. Authorizes the Secretary to enter into cooperative agreements with industrial corporations or groups of noncompeting corporations with limited exporting experience to develop foreign markets for their products. Requires the Secretary to direct specified market research for such projects to measure opportunities, determine the best methods, and indicate the prospects for success. Requires interested corporations to submit a proposal on the basis of such research incorporating specific marketing actions and a timetable for such actions for approval by the Secretary. Authorizes the Secretary to enter into agreements with those entities submitting approved proposals to share marketing costs for up to three years. Limits the Federal share of participation to 50 percent. Requires repayment of the Federal share within five years of the expiration of Federal participation.

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1 official file

• Introduced in Senate

  summary · EN · 7 December 1979

  Open at official source

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