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Proposed U.S.-Colombia Free Trade Agreement: Background and Issues
This report discusses the proposed U.S.-Colombia Trade Promotion Agreement, also called the U.S.-Colombia Free Trade Agreement (CFTA),which is a bilateral free trade agreement between the United States and Colombia which, if ratified, would eliminate tariffs and other barriers in goods and services between the two countries.
The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Automobile Rules of Origin
This report begins with a discussion of the complex supply chains that now underlie automotive production. It then explains the procedures established in the KORUS FTA for determining whether an automotive product qualifies as being of South Korean or United States origin and compares those procedures to the rules established in the free trade agreement between South Korea and the European Union. Finally, it discusses whether the domestic content rules in the KORUS FTA could enable circumvention of the rules of origin by allowing automotive components produced in North Korea’s Kaesong Industrial Complex (KIC) to enter the United States duty-free in assembled motor vehicles, and thereby receive the benefits provided by the agreement.
Permanent Normal Trade Relations (PNTR) Status for Russia and U.S.-Russian Economic Ties
The change in Russia's trade status will require legislation to lift the restrictions currently applied to Russia under Title IV of the Trade Act of 1974, which includes the "freedom-of-emigration" requirements of the Jackson-Vanik amendment. The process for Russia's accession to the World Trade Organization (WTO) is proceeding and may be completed soon. As a result, Members may confront the issue of whether to grant Russia permanent normal trade relations (PNTR) status during the 112th Congress.
Brazil’s WTO Case Against the U.S. Cotton Program
The so-called "Brazil cotton case" is a long-running World Trade Organization dispute settlement case initiated by Brazil - a major cotton export competitor - in 2002 against specific provisions of the U.S. cotton program. This report details the overview of the case, background on the U.S. cotton sector, Brazil's dispute settlement case against the U.S. cotton program, panel and appellate body recommendations, implementation of those recommendations, World Trade Organization compliance panel review and ruling, and more related to the case.
U.S. Trade Deficit and the Impact of Changing Oil Prices
This report provides an estimate of the initial impact of the changing oil prices on the nation's merchandise trade deficit.
Agricultural Biotechnology: Background and Recent Issues
This report discusses the ethical and political issues surrounding contemporary biotechnology. Driving the discussion are inventions such as genetically engineered (GE) crops, which have increased from 3.6 million acres to 143 million acres in the United States. The report also raises concerns about regulations and the adequacy of environmental assessments.
The EU-South Korea Free Trade Agreement and Its Implications for the United States
This report discusses the free trade agreement (FTA) between South Korea and the European Union (EU). It looks at various aspects of the South Korea-EU FTA (KOREU FTA) including economic ties, trade strategies, and an overview of the key provisions of the agreement focusing on manufactured goods, agriculture, services, and various other provisions of particular interest to U.S. policymakers and the U.S. business community. The report also gives an analysis of the potential economic imact of the KOREU FTA and potential implications of the agreement for the United States.
China-U.S. Trade Issues
This report mainly focuses on China-U.S. Trade Issues. China-U.S. ties have been substantially expanded over the past three decades. U.S imports from China have risen much more rapidly than U.S exports to China.
Taiwan: Major U.S. Arms Sales Since 1990
This report discusses U.S. security assistance to Taiwan, or Republic of China (ROC), including policy issues for Congress and legislation.
Imports from North Korea: Existing Rules, Implications of the KORUS FTA, and the Kaesong Industrial Complex
This report discusses the implications from the U.S.-South Korean Free Trade Agreement on aspects of U.S. business, particularly the auto industry.
Imports from North Korea: Existing Rules, Implications of the KORUS FTA, and the Kaesong Industrial Complex
This report discusses the implications from the U.S.-South Korean Free Trade Agreement on aspects of U.S. business, particularly the auto industry.
Iran Sanctions
This report focuses on the United States' relationship with Iran and how the Obama Administration is handling prior administrations' economic sanctions against Iran. However, with subsequent negotiations yielding no firm Iranian agreement to compromise regarding their nuclear program, the Administration has focused on achieving the imposition of additional U.N., U.S., and allied country sanctions whose cumulative effect would be to compel it to accept a nuclear bargain
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