Criticism of Offset Agreements
While widely practised, some, such as the US government, consider such agreements to be "market distorting and inefficient". On April 16, 1990, a US Presidential Policy statement was released, stating that "the decision whether to engage in offsets resides with the companies involved" and that "no agency of the U.S. Government shall encourage, enter directly into, or commit U.S. firms to any offset arrangement in connection with the sale of defense goods or services for foreign governments."
Read more about this topic: Offset Agreement
Famous quotes containing the words criticism of, criticism and/or agreements:
“I, with other Americans, have perhaps unduly resented the stream of criticism of American life ... more particularly have I resented the sneers at Main Street. For I have known that in the cottages that lay behind the street rested the strength of our national character.”
—Herbert Hoover (1874–1964)
“It is from the womb of art that criticism was born.”
—Charles Baudelaire (1821–1867)
“The difference between de jure and de facto segregation is the difference open, forthright bigotry and the shamefaced kind that works through unwritten agreements between real estate dealers, school officials, and local politicians.”
—Shirley Chisholm (b. 1924)