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 Collection: Congressional Research Service Reports
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: July 2, 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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United States-Canada Trade and Economic Relationship: Prospects and Challenges

United States-Canada Trade and Economic Relationship: Prospects and Challenges

Date: May 3, 2010
Creator: Fergusson, Ian F.
Description: The United States and Canada conduct the world's largest bilateral trade relationship, with total merchandise trade (exports and imports) exceeding $429.7 billion in 2009. This report examines the various aspects of this trade partnership and presents several policy options for Congress.
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International Trade and Finance: Key Policy Issues for the 114th Congress

International Trade and Finance: Key Policy Issues for the 114th Congress

Date: January 2, 2015
Creator: Irace, Mary A. & Williams, Brock R.
Description: This report covers policy issues in areas such as: U.S. trade negotiations; U.S. trade and economic relations with regions and countries; international trade institutions; tariff and nontariff barriers; worker dislocation from trade liberalization; trade remedy laws; import and export policies; international investment; economic sanctions; and trade policy functions of the federal government.
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U.S. International Trade: Trends and Forecasts

U.S. International Trade: Trends and Forecasts

Date: May 26, 2010
Creator: Nanto, Dick K. & Donnelly, J. Michael
Description: The U.S. trade deficit was shrinking through June 2009 because of the global financial crisis but has begun to increase again. The crisis caused U.S. imports to drop faster than U.S. exports. The global simultaneous recession, however, implies that exporting countries cannot rely on increased foreign demand to make up for slack demand at home. Even though U.S. imports are down considerably from 2008, companies competing with imports still face diminishing demand as the domestic economy has been hit by recession. This report provides an overview of the international trade climate and U.S. trade policy. The report also discusses common perceptions about the deficit and trade balances.
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Defense: FY2015 Authorization and Appropriations

Defense: FY2015 Authorization and Appropriations

Date: January 30, 2015
Creator: Fergusson, Ian F.; McMinimy, Mark A. & Williams, Brock R.
Description: This report examines the issues related to the proposed Trans-Pacific Partnership (TPP), the state and substance of the negotiations (to the degree that the information is publicly available), the specific areas under negotiation, the policy and economic contexts in which the TPP would fit, and the issues for Congress that the TPP presents.
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The Trans-Pacific Partnership Agreement

The Trans-Pacific Partnership Agreement

Date: April 14, 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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Generalized System of Preferences: Background and Renewal Debate

Generalized System of Preferences: Background and Renewal Debate

Date: December 16, 2014
Creator: Jones, Vivian C.
Description: The U.S. Generalized System of Preferences (GSP) program provides non-reciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs). This report presents, first, recent developments and a brief history, economic rationale, and legal background leading to the establishment of the GSP. Second, the report presents a discussion of U.S. implementation of the GSP. Third, the report presents an analysis of the U.S. program's effectiveness and the positions of various stakeholders. Fourth, implications of the expiration of the U.S. program and possible options for Congress are discussed.
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Outsourcing and Insourcing Jobs in the U.S. Economy: Evidence Based on Foreign Investment Data

Outsourcing and Insourcing Jobs in the U.S. Economy: Evidence Based on Foreign Investment Data

Date: April 15, 2010
Creator: Jackson, James K.
Description: This report addresses the issue of jobs outsourcing by analyzing the extent of direct investment into and out of the economy, the role such investment plays in U.S. trade, jobs, and production, and the relationship between direct investment and the broader economic changes that are occurring in the U.S. economy.
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Iran Sanctions

Iran Sanctions

Date: May 26, 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.
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Iran Sanctions

Iran Sanctions

Date: July 12, 2010
Creator: Katzman, Kenneth
Description: 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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