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 Collection: Congressional Research Service Reports
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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 22, 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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Trade Promotion Authority and the Korea Free Trade Agreement

Trade Promotion Authority and the Korea Free Trade Agreement

Date: December 22, 2010
Creator: Barbour, Emily C.
Description: This report looks at the effects of the Korean Free Trade Agreement (KORUS FTA) on side agreements via the North American Free Trade Agreement (NAFTA).
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The Power to Regulate Commerce: Limits on Congressional Power

The Power to Regulate Commerce: Limits on Congressional Power

Date: December 28, 2010
Creator: Thomas, Kenneth R. & Tatelman, Todd B.
Description: This report discusses the Commerce Clause of the United States Constitution, which provides that the Congress shall have the power to regulate interstate and foreign commerce.
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U.S. International Trade: Trends and Forecasts

U.S. International Trade: Trends and Forecasts

Date: December 29, 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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China’s Currency: An Analysis of the Economic Issues

China’s Currency: An Analysis of the Economic Issues

Date: December 30, 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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Generalized System of Preferences: Agricultural Imports

Generalized System of Preferences: Agricultural Imports

Date: January 3, 2011
Creator: Johnson, Renée
Description: The Generalized System of Preferences (GSP) provides duty-free tariff treatment for certain products from designated developing countries. Some in Congress have continued to call for changes to the program that could limit GSP benefits to certain countries, among other changes. Opinion within the U.S. agriculture industry is mixed, reflecting both support for and opposition to the current program. In the past few years, Congress has extended GSP through a series of short-term extensions. However, the 111th Congress did not extend the GSP in 2010, and it was set to expire December 31, 2010. The expiration of the GSP will likely become a legislative issues in the 112th Congress.
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The Future of U.S. Trade Policy: An Analysis of Issues and Options for the 112th Congress

The Future of U.S. Trade Policy: An Analysis of Issues and Options for the 112th Congress

Date: January 4, 2011
Creator: Cooper, William H.
Description: Report that discusses the trade issues that the 112th Congress could face and the political and economic context in which these issues are being debated.
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The EU-South Korea Free Trade Agreement and Its Implications for the United States

The EU-South Korea Free Trade Agreement and Its Implications for the United States

Date: January 5, 2011
Creator: Cooper, William H.; Jurenas, Remy; Platzer, Michaela D. & Manyin, Mark E.
Description: 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 impact of the KOREU FTA and potential implications of the agreement for the United States.
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The Jackson-Vanik Amendment and Candidate Countries for WTO Accession: Issues for Congress

The Jackson-Vanik Amendment and Candidate Countries for WTO Accession: Issues for Congress

Date: January 5, 2011
Creator: Cooper, William H.
Description: Russia, Kazakhstan, and a number of other former communist states are still subject to the provisions of Title IV of the Trade Act of 1974, as amended, including section 402 (the Jackson-Vanik amendment). The Jackson-Vanik Amendment denies country eligibility for normal trade relations (NTR) status as long as the country denies its citizens the right of freedom of emigration. The 112th Congress could face the question of whether to enact legislation to repeal the application of Title IV to all of these countries, thereby authorizing permanent normal trade relations (PNTR) status to fulfill the unconditional most-favored-nation (MFN) obligation under the World Trade Organization (WTO), or to exercise other options.
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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: January 5, 2011
Creator: Ahearn, Raymond J.
Description: The 112th Congress has a full legislative and oversight agenda on international trade. The agenda may include considering legislation to implement pending free trade agreements with Panama, South Korea, and Colombia, enhanced enforcement of U.S. trade agreements, as well as oversight of the World Trade Organization's Doha Round and trade relations with China. This report provides information and context for many of these topics. The 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.
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Free Trade Agreements: Impact on U.S. Trade and Implications for U.S. Trade Policy

Free Trade Agreements: Impact on U.S. Trade and Implications for U.S. Trade Policy

Date: January 6, 2011
Creator: Cooper, William H.
Description: This report will monitor pending and possible proposals for U.S. free trade areas (FTAs), relevant legislation and other congressional interest in U.S. FTAs.
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U.S. Trade Policy and the Caribbean: From Trade Preferences to Free Trade Agreements

U.S. Trade Policy and the Caribbean: From Trade Preferences to Free Trade Agreements

Date: January 6, 2011
Creator: Hornbeck, J. F.
Description: This report reviews unilateral preference programs for the Caribbean, discusses how they have been affected by Free Trade Agreement (FTA) in the region, and considers trade policy options for dealing with countries still relying on trade preferences and that may be considering whether to negotiate an FTA with the United States.
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China-U.S. Trade Issues

China-U.S. Trade Issues

Date: January 7, 2011
Creator: Morrison, Wayne M.
Description: This report provides an overview of U.S.- China economic relations, surveys major trade disputes, and lists bills introduced in Congress that could affect bilateral commercial ties.
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International Trade and Finance: Key Policy Issues for the 112th Congress

International Trade and Finance: Key Policy Issues for the 112th Congress

Date: January 7, 2011
Creator: Ahearn, Raymond J.
Description: This report examines the trade relations between the United States, the European Union, and China.
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The Trans-Pacific Partnership Agreement

The Trans-Pacific Partnership Agreement

Date: January 10, 2011
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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International Trade and Finance: Key Policy Issues for the 112th Congress

International Trade and Finance: Key Policy Issues for the 112th Congress

Date: January 11, 2011
Creator: Ahearn, Raymond J.
Description: The 112th Congress, in both its legislative and oversight capacities, faces numerous international trade and finance issues. In addition to the broader congressional oversight of the economic and political context of the current U.S. participation in the global economy, this report highlights major international trade and finance issues Congress may address this year and next.
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International Trade: Rules of Origin

International Trade: Rules of Origin

Date: January 11, 2011
Creator: Jones, Vivian C. & Martin, Michael F.
Description: This report deals with Rules of Origin (ROO) in three parts: [1] a detailed description of the reasons that country-of-origin rules are important with brief descriptions of U.S. laws and methods that provide direction in making these determinations; [2] a brief discussion of some of the more controversial issues involving rules of origin, including the apparently subjective nature of some CBP origin determinations, and the effects of the global manufacturing process on ROO; and [3] a description of some alternatives and options that Congress could consider that might assist in simplifying the process.
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Iran Sanctions

Iran Sanctions

Date: January 11, 2011
Creator: Katzman, Kenneth
Description: Report that focuses on the United States' relationship with Iran and how the Obama Administration is handling prior administration's economic sanctions against Iran.
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U.S. Sanctions on Burma

U.S. Sanctions on Burma

Date: January 11, 2011
Creator: Martin, Michael F.
Description: Existing U.S. sanctions on Burma are based on various U.S. laws and Presidential Executive Orders. This report provides a brief history of U.S. policy towards Burma and the development of U.S. sanctions, a topical summary of those sanctions, and an examination of additional sanctions that have been considered, but not enacted, by Congress, or that could be imposed under existing law or executive orders. The report concludes with a discussion of options for Congress.
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The World Trade Organization: The Non- Agricultural Market Access (NAMA) Negotiations

The World Trade Organization: The Non- Agricultural Market Access (NAMA) Negotiations

Date: January 11, 2011
Creator: Fergusson, Ian F.
Description: This report looks at the evolution of the Doha Round World Trade Organization (WTO) negotiations, possible effects of the Non-Agricultural Market Access (NAMA) agreement, and major negotiating issues from a U.S. standpoint. NAMA refers to the cutting of tariff and non-tariff barriers (NTB) on industrial and primary products, basically all trade in goods which are not foodstuffs.
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China's Currency: An Analysis of the Economic Issues

China's Currency: An Analysis of the Economic Issues

Date: January 12, 2011
Creator: Morrison, Wayne M. & Labonte, Marc
Description: Report that 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.
Contributing Partner: UNT Libraries Government Documents Department
Trade Promotion Authority and Fast-Track Negotiating Authority for Trade Agreements: Major Votes

Trade Promotion Authority and Fast-Track Negotiating Authority for Trade Agreements: Major Votes

Date: January 12, 2011
Creator: Smith, Carolyn C.
Description: Report that profiles significant legislation, including floor votes, that authorized the use of presidential Trade Promotion Authority (TPA) --previously known as fast-track trade negotiating authority --since its inception in 1974. The report also includes a list of floor votes since 1979 on implementing legislation for trade agreements that were passed under TPA fast-track procedures.
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U.S. Trade Deficit and the Impact of Changing Oil Prices

U.S. Trade Deficit and the Impact of Changing Oil Prices

Date: January 13, 2011
Creator: Jackson, James K.
Description: Report that provides an estimate of the initial impact of the changing oil prices on the nation's merchandise trade deficit.
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Pending U.S. and EU Free Trade Agreements with South Korea: Possible Implications for Automobile and Other Manufacturing Industries

Pending U.S. and EU Free Trade Agreements with South Korea: Possible Implications for Automobile and Other Manufacturing Industries

Date: January 14, 2011
Creator: Platzer, Michaela D.
Description: This report provides U.S. lawmakers with a comparison of the manufacturing components in the South Korea free trade agreement (KORUS) and the European Union and South Korea free trade agreement (KOREU FTA). Also included is a brief overview of the possible implications of the two pending FTAs on other selected industrial sectors affected by the FTAs: home appliances, consumer electronics, textiles and apparel, and pharmaceuticals and medical devices.
Contributing Partner: UNT Libraries Government Documents Department