This report discusses trade issues in the 109th Congress. For over 50 years, U.S. trade officials have negotiated multilateral trade agreements to achieve lower trade barriers and rules to cover international trade. During the 108th Congress, U.S. officials negotiated and Congress approved four bilateral free-trade agreements with Australia, Chile, Morocco, and Singapore.
This report discusses trade issues in the 109th Congress. For over 50 years, U.S. trade officials have negotiated multilateral trade agreements to achieve lower trade barriers and rules to cover international trade. During the 108th Congress, U.S. officials negotiated and Congress approved four bilateral free-trade agreements with Australia, Chile, Morocco, and Singapore.
This report provides background on Free Trade Areas (FTAs) including: definitions of Free Trade Areas, why countries form FTAs, FTAs in the context of U.S. trade policy, Bush Administration policies and recent developments, the economic impact of FTAs, whether FTAs create trade or divert it, FTAs the the WTO, debate points related to FTAs, relevant legislation, and final conclusions and implications for Congress.
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