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Agriculture in the WTO: Limits on Domestic Support
This report provides a brief overview of the World Trade Organization's (WTO) commitments most relevant for U.S. domestic farm policy.
U.S. International Trade: Trends and Forecasts
This report provides an overview of the current status, trends, and forecasts for U.S. international trade. The purpose of this report is to provide current data and brief explanations for the various types of trade flows, particularly U.S. exports, along with a short discussion of particular trends and points of contention related to trade policy.
FTAIA Limits Availability of U. S. Courts to Foreign Antitrust Plaintiffs: F. HoffmanLaRoche, Ltd. v. Empagran, S.A.
No Description Available.
Financing the U.S. Trade Deficit
This report provides an overview of the U.S. balance of payments, an explanation of the broader role of capital flows in the U.S. economy, an explanation of how the country finances its trade deficit or a trade surplus, and the implications for Congress and the country of the large inflows of capital from abroad.
U.S. International Trade: Trends and Forecasts
This report provides an overview of the current status, trends, and forecasts for U.S. import and export flows as well as certain balances. The purpose of this report is to provide current data and brief explanations for the various types of trade flows along with a brief discussion of trends that may require attention or point to the need for policy changes.
The EU-South Korea Free Trade Agreement and Its Implications for the United States
This report is designed to shed some light on the KOREU FTA for Congress.4 It briefly reviews EU-South Korean economic ties and the respective EU and South Korean objectives regarding the KOREU FTA. It then discusses the KOREU FTA in general and examines some of its major provisions in more detail, with special focus on autos and some other manufacturing sectors, agriculture, services, and labor-areas of particular interest to U.S. policymakers and the U.S. business community. The report does not attempt to determine if one FTA is better than the other. Finally, the report analyzes the prospects for the KOREU FTA and the agreement's potential implications for the United States.
Mercosur: Formation, Status, Trade Effects, Policy Challenges, and U.S. Interests
This report examines Mercosur, the third largest preferential trading group in the world. Since its inception in 1991, Mercosur has made considerable progress in integrating the economies of its members. The integration --- an almost complete free trade area and a partial customs union --- has been accompanied by a significant increase in U.S. exports and investment to the region. In the future, Mercosur face challenges affecting the size of its membership, the depth of its integration, and the strength of its institutions.
U.S. Direct Investment Abroad: Trends and Current Issues
The United States is the largest investor abroad and the largest recipient of direct investment in the world. Some observers believe U.S. firms invest abroad to avoid U.S. labor unions or high U.S. wages, however, 70% of U.S. foreign direct investment is concentrated in high income developed countries. Even more striking is the fact that the share of investment going to developing countries has fallen in recent years. Most economists conclude that direct investment abroad does not lead to fewer jobs or lower incomes overall for Americans and that the majority of jobs lost among U.S. manufacturing firms over the past decade reflect a broad restructuring of U.S. manufacturing industries.
Domestic Content Legislation: The Buy American Act and Complementary Little Buy American Provisions
Congress has broad authority to place conditions on the purchases made by the federal government or with federal dollars. One of many conditions that it has placed on direct government purchases is a requirement that they be produced in the United States. The most well-known of these requirements is the Buy American Act, which is the major domestic preference statute governing procurement by the federal government. This report summarizes (1) the Buy American Act, what it does and does not cover; (2) the Little Buy American Acts found in permanent law, emphasizing what they govern, major exceptions and why Congress felt them necessary in light of the requirements of the Buy American Act; and (3) the temporary Little Buy American provision found in the American Recovery and Reinvestment Act.
Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy
This report discusses the role of Trade Adjustment Assistance (TAA) in U.S. trade policy, from its inception as a legislative option in the early 1950s, to its core role as an alternative to import relief that many argue has served to promote the long-term U.S. trade liberalization agenda. It will also consider the extent to which TAA has been linked to both renewal of trade agreements authority, and passage of trade agreement implementing legislation.
The U.S.-Colombia Free Trade Agreement: Background and Issues
The United States is Colombia's leading trade partner. Colombia accounts for a very small percentage of U.S. trade (0.9% in 2010), ranking 20th among U.S. export markets and 25th as a source of U.S. imports. Economic studies on the impact of a U.S.-Colombia free trade agreement (FTA) have found that, upon full implementation of an agreement, the impact on the United States would be positive but very small due to the small size of the Colombian economy when compared to that of the United States (about 1.9%).
Overview of Labor Enforcement Issues in Free Trade Agreements
This report identifies two types of enforcement issues: (1) those that relate to the Free Trade Agreements (FTA) provisions themselves, including their definitions and their enforceability, and (2) those that relate to executive branch responsibilities, such as resource availability and determining dispute settlement case priorities.
Financing the U.S. Trade Deficit
This report provides an overview of the U.S. balance of payments, an explanation of the broader role of capital flows in the U.S. economy, an explanation of how the country finances its trade deficit or a trade surplus, and the implications for Congress and the country of the large inflows of capital from abroad.
Financing the U.S. Trade Deficit
This report provides an overview of the U.S. balance of payments, an explanation of the broader role of capital flows in the U.S. economy, an explanation of how the country finances its trade deficit or a trade surplus, and the implications for Congress and the country of the large inflows of capital from abroad.
Environmental Provisions in Free Trade Agreements (FTAs)
No Description Available.
Horse Slaughter Prevention Bills and Issues
This report discusses the debate in Congress on whether to ban horse slaughter and the acceptability of this practice.
Bahrain: Reform, Security, and U.S. Policy
This report is about a free trade agreement between the United States and Bahrain.
U.S.-EU Poultry Dispute on the Use of Pathogen Reduction Treatments (PRTs)
This report highlights the dispute between the U.S. and EU over the use of Pathogen Reduction Treatments (PRTs) during the processing of poultry products. PRT's are antimicrobial rinses--including chlorine dioxide, acidified sodium chlorite, trisodium phosphate, and peroxyacids, among others--that have been approved by the U.S. Department of Agriculture (USDA) for use in poultry processing to reduce the amount of microbes on meat.
U.S.-EU Poultry Dispute on the Use of Pathogen Reduction Treatments (PRTs)
This report highlights the dispute between the U.S. and EU over the use of Pathogen Reduction Treatments (PRTs) during the processing of poultry products. PRT's are antimicrobial rinses--including chlorine dioxide, acidified sodium chlorite, trisodium phosphate, and peroxyacids, among others--that have been approved by the U.S. Department of Agriculture (USDA) for use in poultry processing to reduce the amount of microbes on meat.
The Lacey Act: Protecting the Environment by Restricting Trade
This report looks at the history and applications of the Lacey Act. As it stands now the Act, via a 2008 amendment, allows the U.S. to enforce the laws of other countries as well. One currently proposed legislation would limit application of the law to specific wood products, while another would eliminate any reference to violations of foreign laws and end criminal prosecutions for violating the act.
Morocco: Current Issues
This report discusses the current political, social and economical issues in Morocco. In addition the report discuses human rights violations and terrorism.
U.S.-Mexico Economic Relations: Trends, Issues, and Implications
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.
U.S. Trade Deficit and the Impact of Rising Oil Prices
This report provides an estimate of the initial impact of the rising oil prices on the nation's merchandise trade deficit. Petroleum prices continued to rise sharply in 2008, at one time reaching more than $140 per barrel of crude oil. At the same time the average monthly volume of imports of energy-related petroleum products fell slightly.
U.S. International Trade: Trends and Forecasts
This report provides an overview of the current status, trends, and forecasts for U.S. import and export flows as well as certain trade balances. The purpose of this report is to provide current data and brief explanations for the various types of trade flows, along with a brief discussion of trends that help inform the discussion of the various policy issues mentioned above.
Bahrain: Key Issues for U.S. Policy
This report is about a free trade agreement between the United States and Bahrain to encourage further reform and signal appreciation for Bahrain's support.
Defense Trade Security Initiative: Background and Status
This report gives the background on the DTSI and discusses associated congressional actions that are reflected in the Security Assistance Act of 2000.
Health and Safety Concerns Over U.S. Imports of Chinese Products: An Overview
This report provides an overview of concerns about the health, safety, and quality of imported Chinese products, and implications for U.S.-China trade relations.
Transatlantic Regulatory Cooperation: Background and Analysis
This report is intended to serve as an introduction and primer on a complicated, broad, and often highly technical set of issues. It is presented in seven parts: the first section describes the nature and scope of U.S.-EU regulatory barriers; the second section explains the rationale for regulatory cooperation; the third section highlights the differences in U.S.-EU regulatory approaches; the fourth section examines the various forms of regulatory cooperation; the fifth section evaluates the results of past initiatives at regulatory cooperation; the sixth section analyses the creation and operation of the Transatlantic Economic Council; and the last section highlights the role of Congress in transatlantic regulatory cooperation.
China-U.S. Trade Issues
This report discusses China's incomplete transition to a free market economy and its use of distortive economic policies that have contributed to growing trade friction with the United States over a number of issues.
Foreign Investment in U.S. Securities
Foreign capital inflows are playing an important role in the U.S. economy by bridging the gap between domestic supplies of and demand for capital. Foreign investors now hold more than 55% of the publicly-held and -traded U.S. Treasury securities. This report relies on a comprehensive set of data on capital flows, represented by purchases and sales of U.S. government securities and U.S. and foreign corporate stocks, bonds, into and out of the United States, that is reported by the Treasury Department on a monthly basis.
Green Payments in U.S. and European Union Agricultural Policy
This report compares current United States and European Union (EU) efforts in the area of green payments. Green payments refer to "payments made to agricultural producers as compensation for environmental benefits that accrue at levels beyond what producers might otherwise achieve under existing market and regulatory conditions" (summary). The report gives an overview of policies, programs, financing, and various other aspects of comparison related to the topic.
Export-Import Bank: Background and Legislative Issues
This report discusses the Export-Import Bank (Ex-In Bank), the chief U.S. government agency that helps finance American exports of manufactured goods and services with the objective of contributing to the employment of U.S. workers. This report discusses the Bank's budget and related legislation, including the Omnibus Appropriations Act of 2009, signed by President Barack Obama and authorizing spending limitations for the Bank.
International Trade and Finance: Overview and Issues for the 115th Congress
This report discusses major topics of interest and debate in the 115th Congress related to trade and finance.
Section 232 of the Trade Expansion Act of 1962
This report outlines the contents of Section 232 of the Trade Expansion Act of 1962 which is the bill that mandates that the Department of Commerce conduct studies of industries to determine whether foreign competition is harming national security and allows the President to impose tariffs or other restrictions on imports found to be threats to national security.
Generalized System of Preferences: Overview and Issues for Congress
This report discusses the U.S. Generalized System of Preferences (GSP) program which provides non-reciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs). This report examines, first, recent legislative developments, along with a brief history, economic rationale, and legal background leading to the establishment of the GSP. Second, the report describes U.S. GSP implementation. Third, the report briefly analyzes of the U.S. program's effectiveness and stakeholders' views, and discusses possible options for Congress in renewing the program for fiscal year 2018.
Fast-Track Trade Negotiating Authority: A Comparison of 105th Congress Legislative Proposals
This report provides a side-by-side comparison of the reported versions of H.R.2621 and S. 1269, 105th Congress bills that would provide the President with trade negotiating authority and accord certain resulting agreements and implementing bills expedited legislative consideration.
Export Administration Act of 2001: Side-by-Side of S. 149 and H.R. 2541
No Description Available.
Export-Import Bank: Background and Legislative Issues
The Export-Import Bank of the United States (Ex-Im Bank, EXIM Bank, or the Bank), an independent federal government agency, is the official export credit agency (ECA) of the United States. It helps finance U.S. exports of manufactured goods and services, with the objective of contributing to the employment of U.S. workers, primarily in circumstances when alternative financing is not available. Members of the 112th Congress may examine issues related to the Ex-Im Bank that center on the economic rationale for the Bank; the impact of the Bank on the federal budget and U.S. taxpayers; the Bank's support for specific types of business or industries; the current balance between the Bank's advancement of U.S. commercial interests and other U.S. policy goals; the competitive position of the Bank compared to foreign ECAs; and the Bank's organizational structure.
Export-Import Bank: Background and Legislative Issues
The Export-Import Bank of the United States (Ex-Im Bank), an independent federal government agency, is the official export credit agency of the United States. It helps finance American exports of manufactured goods and services, with the objective of contributing to the employment of U.S. workers, primarily in circumstances when alternative financing is not available. Ex-Im Bank also may assist U.S. exporters to meet foreign, officially sponsored, export credit competition. Ex-Im Bank's main programs are direct loans, loan guarantees, working capital guarantees, and export credit insurance. Ex-Im Bank transactions are backed by the full faith and credit of the U.S. government. The Bank operates under a renewable charter, the Export-Import Bank Act of 1945, which requires that all of the Bank's financing have a reasonable assurance of repayment and directs the Bank to supplement, and to not compete with, private capital.
The U.S.-Colombia Free Trade Agreement: Background and Issues
The U.S.-Colombia Free Trade Agreement, or U.S. Colombia Trade Promotion Agreement, is a comprehensive free trade agreement (FTA) between the United States and Colombia, which will eventually eliminate tariffs and other barriers in bilateral trade in goods and services. The agreement will enter into force on May 15, 2012. The United States is Colombia's leading trade partner. Colombia accounts for a very small percentage of U.S. trade (1.0% in 2011), ranking 22nd among U.S. export markets and 23rd as a supplier of U.S. imports. Economic studies on the impact of a U.S.-Colombia FTA have found that, upon full implementation of an agreement, the impact on the United States would be positive but very small due to the small size of the Colombian economy when compared to that of the United States (about 2.2%). This report also discusses concerns that Congress has with Colombian human rights violations.
Trade Promotion Authority (TPA) Renewal: Core Labor Standards Issues: A Brief Overview
This report is a brief overview of key issues addressed in CRS Report RL33864, Trade Promotion Authority (TPA) Renewal: Core Labor Standards Issues. This report (1) identifies key labor provisions in the current TPA law and how they have translated into free trade agreements negotiated under it; (2) presents some legislative options, and summarizes arguments for and against listing enforceable core labor standards as a principal negotiating objective; and (3) looks at possible outcomes and implications of the legislative options.
Potential Trade Effects of Adding Vietnam to the Generalized System of Preferences Program
Report that looks at the effects of adding Vietnam to the U.S. Generalized System of Preferences (GSP) as a "developing country."
China-U.S. Trade Issues
This report provides background and analysis of U.S.-China commercial ties, including history, trends, issues, and outlook.
Chinese Tire Imports: Section 421 Safeguards and the World Trade Organization (WTO)
This report covers the Chinese-filed World Trade Organization (WTO) complaint against the U.S. over Section 421 of the Trade Acts of 1941, which has been renewed several times since. Section 421 authorizes the President to impose safeguards—that is, temporary measures such as import surcharges or quotas—on Chinese goods if domestic market disruption is found.
Chinese Tire Imports: Section 421 Safeguards and the World Trade Organization (WTO)
This report covers the Chinese-filed World Trade Organization (WTO) complaint against the U.S. over Section 421 of the Trade Acts of 1941, which has been renewed several times since. Section 421 authorizes the President to impose safeguards—that is, temporary measures such as import surcharges or quotas—on Chinese goods if domestic market disruption is found.
U.S. Foreign-Trade Zones: Background and Issues for Congress
Report that provides a general perspective on the U.S. Foreign-Trade Zone (FTZ) system. The first section discusses free trade zones worldwide. The second section focuses on the U.S. FTZ program --its history, administrative mechanism, structure, growth and industry concentration, and benefits and costs. The third section focuses on current issues for Congress relating to the U.S. FTZ program.
Generalized System of Preferences (GSP): Overview and Issues for Congress
This report discusses the General System of Preferences (GSP) which provides nonreciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs).
Proposed Import Restrictions on Milk Protein Concentrates (MPCs)
Low farm milk prices and declining dairy sector income in 2009 have renewed congressional interest in imposing new import barriers on milk protein concentrates (MPCs), which generally include casein, the main protein found in milk, and caseinates, a soluble form of casein. This report examines proposed import restrictions and potential trade policy implications.
U.S. Crude Oil Exports to International Destinations
This report discusses the export of crude oil produced in the United States and policy considerations in the wake of a provision contained in P.L. 114-113 which repealed a 40-year prohibition on the export.
Treasury Issues White Paper on Fintech and Marketplace Lending
This report briefly discusses the context and contents of a white paper issued on May 10, 2016 by the U.S. Department of the Treasury. The paper analyzes regulatory issues for the marketplace lending industry and offers several recommendations for industry and government responses.
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