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 Collection: Congressional Research Service Reports
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U.S.-South Korea Beef Dispute: Issues and Status

U.S.-South Korea Beef Dispute: Issues and Status

Date: September 23, 2010
Creator: Jurenas, Remy & Manyin, Mark E.
Description: This report describes the beef provisions in the Korea-U.S. Free Trade Agreement (KORUS FTA) and the separate bilateral protocols that the United States has negotiated in order to secure the lifting of South Korea's ban on U.S. beef imports, imposed after the discovery of mad cow disease in late 2003. It also summarizes U.S. beef export developments to this key market before and after the ban and since these protocols took effect; and lays out the outstanding issues on U.S. beef access that will likely need to be resolved to facilitate congressional consideration of the KORUS FTA.
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Trade Preferences: Economic Issues and Policy Options

Trade Preferences: Economic Issues and Policy Options

Date: September 24, 2010
Creator: Jones, Vivian C.; Hornbeck, J. F. & Villarreal, M. Angeles
Description: Since 1974, Congress has created multiple trade preference programs designed to foster economic growth and development in less developed countries. Congress conducts regular oversight of these programs, often revising and extending them. This report discusses the major U.S. trade preference programs, their possible economic effects, stakeholder interests, and legislative options.
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Taiwan: Major U.S. Arms Sales Since 1990

Taiwan: Major U.S. Arms Sales Since 1990

Date: September 28, 2010
Creator: Kan, Shirley A.
Description: This CRS Report discusses U.S. security assistance for Taiwan, formally called the Republic of China (ROC), particularly policy issues for Congress. It also lists sales of major defense articles and services to Taiwan, as approved by the President and notified to Congress since 1990. This report uses a variety of unclassified consultations and citations in the United States and Taiwan.
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North Korea: Legislative Basis for U.S. Economic Sanctions

North Korea: Legislative Basis for U.S. Economic Sanctions

Date: September 29, 2010
Creator: Rennack, Dianne E.
Description: This report discusses the economic sanctions the United States imposes on North Korea for activities related to weapons proliferation, destabilizing the region, anti-terrorism, and undemocratic governance.
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China's Currency: An Analysis of the Economic Issues

China's Currency: An Analysis of the Economic Issues

Date: October 1, 2010
Creator: Morrison, Wayne M. & Labonte, Marc
Description: This report provides an overview of the economic issues surrounding the current debate over China's currency policy. It identifies the economic costs and benefits of China's currency policy for both China and the United States, and possible implications if China were to allow its currency to significantly appreciate or to float freely. It also examines proposed legislation in the 111th Congress that seek to address China's currency policy.
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The Proposed U.S.-Colombia Free Trade Agreement

The Proposed U.S.-Colombia Free Trade Agreement

Date: October 1, 2010
Creator: Villarreal, M. Angeles
Description: The proposed U.S.-Colombia Trade Promotion Agreement, also called the U.S.-Colombia Free Trade Agreement (CFTA), 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 CFTA negotiations grew out of a regional effort in 2004 to produce a U.S.-Andean free trade agreement (FTA) between the United States and the Andean countries of Colombia, Peru, and Ecuador. In his January 2010 State of the Union address, President Barack Obama called for a new National Export Initiative (NEI) to boost U.S. exports and create jobs. One component of the NEI calls for opening new markets for U.S. exports by resolving outstanding issues with Colombia, Korea, and Panama with the objective of moving forward with the pending FTAs at the appropriate time. There is currently no indication that the 111th Congress will consider implementing legislation for the proposed U.S.-Colombia FTA.
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Proposed U.S.-Colombia Free Trade Agreement: Labor Issues

Proposed U.S.-Colombia Free Trade Agreement: Labor Issues

Date: October 5, 2010
Creator: Bolle, Mary Jane
Description: This report examines three labor issues and arguments related to the pending U.S.-Colombia free trade agreement (CFTA; H.R. 5724 and S. 2830): violence against trade unionists; impunity (accountability for or punishment of the perpetrators); and worker rights protections for Colombians.
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Iran Sanctions

Iran Sanctions

Date: October 7, 2010
Creator: Katzman, Kenneth
Description: There appears to be a growing international consensus to adopt progressively strict economic sanctions against Iran to try to compel it to compromise on its further nuclear development. The U.S. view - increasingly shared by major allies-is that sanctions should target Iran's energy sector, which provides about 80% of government revenues, and try to isolate Iran from the international financial system. U.S. efforts to curb international energy investment in Iran's energy sector began in 1996 with the Iran Sanctions Act (ISA). ISA has been expanded significantly in 2010. This report discusses said expansions, provides background on the ISA, and explores how this Act has affected
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U.S. International Trade: Trends and Forecasts

U.S. International Trade: Trends and Forecasts

Date: October 15, 2010
Creator: Nanto, Dick K. & Donnelly, J. Michael
Description: This report discusses the U.S. trade deficit in light of the 2008 global financial crisis, with emphasis on international trade and U.S. trade policy, most recent developments in trade of goods and service, trade forecasts for the future, and how issues such as the U.S. trade deficit and international trade, particularly with China, are commonly perceived.
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Tariff Modifications: Miscellaneous Tariff Bills

Tariff Modifications: Miscellaneous Tariff Bills

Date: October 20, 2010
Creator: Jones, Vivian C.
Description: This report discusses the current process by which duty suspension bills and other provisions are introduced, reviewed by several government agencies and committee staff, made available for public comment, and finally included in omnibus miscellaneous trade and technical corrections bills (MTBs) legislation reported out by the committees of jurisdiction.
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The Trans-Pacific Partnership Agreement

The Trans-Pacific Partnership Agreement

Date: November 1, 2010
Creator: Fergusson, Ian F. & Vaughn, Bruce
Description: This report discusses the Trans-Pacific Partnership Agreement (TPP), a free trade agreement that includes nations on both sides of the Pacific. Original members of the TPP were Brunei, Chile, New Zealand, and Singapore. The United States, Australia, Peru, and Vietnam have committed themselves to joining and expanding this group. This report discusses similar trade partnerships, the importance of Asia to U.S. trade and security interests, and U.S. participation in the TPP.
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Dispute Settlement in the World Trade Organization (WTO): An Overview

Dispute Settlement in the World Trade Organization (WTO): An Overview

Date: November 2, 2010
Creator: Grimmett, Jeanne J.
Description: 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. Also discussed are pieces of legislation that dictate procedures for specifically the United States in instances of WTO disputes.
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Trade Promotion Authority (TPA) and the Role of Congress in Trade Policy

Trade Promotion Authority (TPA) and the Role of Congress in Trade Policy

Date: November 4, 2010
Creator: Hornbeck, J. F. & Cooper, William H.
Description: This report presents background and analysis on the development of Trade Promotion Authority (TPA), which expired on July 1, 2007. The report also includes a summary of the major provisions under the recently expired authority and a discussion of the issues that have arisen in the debate over TPA renewal. It also explores the policy options available to Congress and will be updated as the congressional debate unfolds.
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Iran Sanctions

Iran Sanctions

Date: November 9, 2010
Creator: Katzman, Kenneth
Description: This report focuses on the United States' relationship with Iran and how the Obama Administration is handling prior administration's economic sanctions against Iran. The Obama Administration's policy approach toward Iran has contrasted with the Bush Administration's by attempting to couple the imposition of sanctions to an active and direct U.S. effort to negotiate with Iran on the nuclear issue. That approach was not initially altered because of the Iranian dispute over its June 12, 2009, elections. However, with subsequent negotiations yielding no firm Iranian agreement to compromise, since early 2010 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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U.S.-Mexico Economic Relations: Trends, Issues, and Implications

U.S.-Mexico Economic Relations: Trends, Issues, and Implications

Date: November 9, 2010
Creator: Villarreal, M. Angeles
Description: This report provides an overview of U.S.-Mexico trade and economic trends, the Mexican economy, the effects of the North American Free Trade Agreement (NAFTA), and major trade issues between the United States and Mexico.
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The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications

The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications

Date: November 12, 2010
Creator: Cooper, William H.; Manyin, Mark E.; Jurenas, Remy & Platzer, Michaela D.
Description: This report is designed to assist Members of Congress as they consider the costs and benefits of the U.S.-South Korean Free Trade Agreement (KORUS FTA.) It examines the provisions of the KORUS FTA in the context of the overall U.S.-South Korean economic relationship, U.S. objectives, and South Korean objectives.
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U.S. Government Agencies Involved in Export Promotion: Overview and Issues for Congress

U.S. Government Agencies Involved in Export Promotion: Overview and Issues for Congress

Date: November 19, 2010
Creator: Ilias, Shayerah; Hanrahan, Charles E. & Villarreal, M. Angeles
Description: This report provides an overview of the federal agencies that participate in U.S. export promotion efforts and the issues that they raise for Congress. It proceeds first by discussing the coordination, budgets, and functions of federal government agencies involved in promoting exports. Next, the report provides an overview of the missions and activities of key federal government agencies that support exports. The last section of the report discusses agency-related issues for Congress.
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U.S. International Trade: Trends and Forecasts

U.S. International Trade: Trends and Forecasts

Date: November 19, 2010
Creator: Nanto, Dick K. & Donnelly, J. Michael
Description: This report discusses the U.S. trade deficit in light of the 2008 global financial crisis, with emphasis on international trade and U.S. trade policy, most recent developments in trade of goods and service, trade forecasts for the future, and how issues such as the U.S. trade deficit and international trade, particularly with China, are commonly perceived.
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Dispute Settlement Under the U.S.-Peru Trade Promotion Agreement: An Overview

Dispute Settlement Under the U.S.-Peru Trade Promotion Agreement: An Overview

Date: November 23, 2010
Creator: Grimmett, Jeanne J.
Description: This report discusses the U.S.-Peru Trade Promotion Agreement (PTPA) and the two types of formal dispute settlement it contains: 1) State-State and 2) investor-State. The report also discusses how the PTPA differs from earlier U.S. Free Trade Agreements (FTAs).
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Nuclear, Biological, Chemical, and Missile Proliferation Sanctions: Selected Current Law

Nuclear, Biological, Chemical, and Missile Proliferation Sanctions: Selected Current Law

Date: November 30, 2010
Creator: Rennack, Dianne E.
Description: This report offers a listing and brief description of legal provisions that require or authorize the imposition of some form of economic sanction against countries, companies, persons, or entities that violate U.S. nonproliferation norms. For each provision, information is included on what triggers the imposition of sanctions, their duration, what authority the President has to delay or abstain from imposing sanctions, and what authority the President has to waive the imposition of sanctions.
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Permanent Normal Trade Relations (PNTR) Status for Russia and U.S.-Russian Economic Ties

Permanent Normal Trade Relations (PNTR) Status for Russia and U.S.-Russian Economic Ties

Date: December 2, 2010
Creator: Cooper, William H.
Description: This report discusses the issues surrounding whether or not the U.S. should grant Russia permanent normal trade relations (PNTR) following its accession into the World Trade Organization (WTO). The change in Russia's trade status will require legislation to lift the restrictions of Title IV of the Trade Act of 1974 as they apply to Russia, which includes the "freedom-of-emigration" requirements of the Jackson-Vanik amendment.
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Seafood Safety: Background and Issues

Seafood Safety: Background and Issues

Date: December 2, 2010
Creator: Upton, Harold F.
Description: Although seafood consumption can contribute to a healthy diet, some fish and shellfish can cause foodborne illnesses or contain environmental contaminants. This report discusses whether current food safety programs are sufficiently protecting consumers, and if not, what changes should be considered.
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The U.S.-EU Beef Hormone Dispute

The U.S.-EU Beef Hormone Dispute

Date: December 6, 2010
Creator: Johnson, Renée & Hanrahan, Charles E.
Description: This report discusses the long-standing and acrimonious trade dispute between the United States and the European Union (EU) over the EU's decision to ban hormone-treated meat.
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Trade Primer: Qs and As on Trade Concepts, Performance, and Policy

Trade Primer: Qs and As on Trade Concepts, Performance, and Policy

Date: December 8, 2010
Creator: Ahearn, Raymond J.
Description: This report is divided into four sections in a question-and-answer format: trade concepts, U.S. trade performance, formulation of U.S. trade policy, and trade and investment issues. The first section on "Trade Concepts" deals with why countries trade, the consequences of trade expansion, and the relationship between globalization and trade. The second section, on trade performance, focuses on the U.S. trade deficit and its impact on industries. The third section deals with the roles played by the Executive Branch, Congress, the private sector, and the Judiciary in the formulation of U.S. trade policy. The fourth section, on U.S. trade and investment policy, asks questions related to trade negotiations and agreements and to imports, exports, and investments.
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