Russia will host the Asia-Pacific Economic Cooperation's (APEC) week-long series of senior-level meetings in Vladivostok on September 2-9, 2012. The main event for the week will be the 20th APEC Economic Leaders' Meeting to be held September 8-9, 2012. This report looks at the main points of this meeting as they relate to the U.S.
Members of Congress have demonstrated their interest in the U.S. Foreign-Trade Zone (FTZ) system through hearings and legislation over the past seven decades. The program may enhance the competitiveness of U.S. businesses, support employment opportunities, and impact U.S. tariff revenues. Balancing these potential gains, others argue that the program may also be trade distorting, and may play a role in misallocating resources in the economy as a whole. This report provides a general perspective on the U.S. FTZ system. It is divided into three parts. As background, the first section discusses free trade zones worldwide. The second section focuses on the U.S. FTZ program—its history, administrative mechanism, structure, growth and industry concentration, and benefits and costs. The third section focuses on current issues for Congress relating to the U.S. FTZ program.
This report describes the Understanding on Rules and Procedures Governing the Settlement of Disputes (DSU), which is the World Trade Organization's (WTO) means of resolving disputes arising under WTO agreements. The report includes criticisms of certain flaws in the DSU, as well as WTO Members' suggestions for improvement. The report also describes the Office of the United States Trade Representative (USTR), which represents the United States in WTO disputes, and discusses pieces of legislation that dictate procedures for specifically the United States in instances of WTO disputes.
This report discusses the effects of the possible entry of Japan to the Trans-Pacific Partnership (TPP) negotiations. The TPP issue presents both risks and opportunities for the United States and Japan. On the one hand, it could reinvigorate an economic relationship that has remained steady but stagnant, by forcing the two countries to address long-standing, difficult issues, and allowing them to raise their relationship to a higher level. On the other hand, failure to do so could indicate that the underlying problems are too fundamental to overcome and could set back the relationship.
This report discusses World Trade Organization (WTO) safeguards provisions contained in Article XIX of the General Agreement on Tariffs and Trade (GATT) and the Agreement on Safeguards; the WTO China-specific safeguard and how it differs from preexisting WTO provisions; authorities and procedures set out in Section 421 of the Trade Act of 1974; the International Trade Commission (ITC) determination and the President's decision to provide relief in the 2009 China tires case; and China's WTO case against the U.S. tire safeguard.
This report provides a brief overview of the early history of the negotiations, a more detailed review of the negotiations since 2008, and a description of some of the issues involved in the talks.
This report provides Congress with official, unclassified, background data from U.S. government sources on transfers of conventional arms to developing nations by major suppliers for the period 2004 through 2011. All agreement and delivery data in this report for the United States are government-to-government Foreign Military Sales (FMS) transactions. Similar data are provided on worldwide conventional arms transfers by all suppliers, but the principal focus is the level of arms transfers by major weapons suppliers to nations in the developing world.
Report that gives an overview of 18 U.S.C. 1832 (theft of trade secrets) and 18 U.S.C. 1831 (economic espionage). It also describes what constitutes as a stolen trade secret, and how such crimes are prosecuted.
This report discusses about the AB and Panel reports that were adopted by the Dispute Settlement Body (DSB) on July 23, 2012 starting a 30- day Deadline for the United States to Inform the DSB how it will implement the final findings.
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