REAGAN MOVING ON U.S. EXPORT BARS
The Reagan Administration, having organized a team of officials to deal with international trade issues, is now moving to speed up a drive to eliminate Government hindrances to exports. At a White House meeting last Thursday of the Trade Policy Committee, which is headed by Bill Brock, the United States Trade Representative, decisions were made to press for relaxation of the following trade disincentives: - A kind of double taxation of Americans working abroad, who are hit by both the host country's tax collectors and the Internal Revenue Service. - Antitrust and banking laws that prevent American companies and financial institutions from banding together in foreign sales activities. - The Foreign Corrupt Practices Act, which puts American companies at a disadvantage with rigorous controls over commissions paid to foreign representatives and stiff penalties for violations.