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Iran Sanctions
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.
U.S. International Trade: Trends and Forecasts
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.
Deferred Examination of Patent Applications: Implications for Innovation Policy
This report provides an overview of deferred patent examination. It begins by offering a brief review of patent acquisition proceedings as well as challenges faced by the U.S. Patent and Trademark Office (USPTO). The report then introduces the concept of deferred examination. The potential positive and negative consequences of deferred examination upon the environment for innovation within the United States are then explored. The report closes by identifying salient design parameters for deferred examination systems and reviewing congressional options.
North American Free Trade Agreement (NAFTA) Implementation: The Future of Commercial Trucking Across the Mexican Border
This report discusses the implementation of trucking provisions set forth by NAFTA that would have opened the border states to cross-border trucking competition in 1995 and all of North America in 2000. The full implementation of the provisions has been stalled because of concern with the safety of Mexican trucks.
NAFTA and the Mexican Economy
This report provides an overview of Mexico's motivations for entering the North American Free Trade Agreement (NAFTA), the Mexican economy, the economic effects of NAFTA in Mexico, and the views of NAFTA within Mexico. It also provides information on NAFTA's effect on Mexico's agricultural sector because this has been one of the more controversial issues surrounding NAFTA in Mexico.
Trade Remedies and the WTO Rules Negotiations
At the November 2001 Ministerial meeting of the World Trade Organization (WTO) in Doha, Qatar, member countries launched a new round of trade talks known as the Doha Development Agenda (DDA). This report examines trade remedy issues in DDA in three parts. The first part provides background information and contextual analysis. The second section focuses on how these issues fit into the DDA. A third section provides a more specific overview of major reform proposals that are being considered.
Taiwan: Major U.S. Arms Sales Since 1990
This report discusses U.S. security assistance to Taiwan (calling itself Republic of China (ROC)), including policy issues for Congress and legislation.
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.
Organized Retail Crime
This report provides an overview of organized retail crime rings, their operations, and goods targeted. It then examines the domestic impact of organized retail crime (ORC) in the arenas of the economy, public health and safety, and domestic security. The report also outlines current efforts by retailers, resale markets, and the federal government to combat ORC. It then analyzes various policy issues that the 111th Congress may wish to consider, including whether current federal resources provided for the investigation of ORC are adequate, whether to amend the U.S. Code to criminalize ORC, and whether to regulate resale marketplaces that may be utilized as fences for criminals to sell stolen goods.
World Trade Organization (WTO): Issues in the Debate on Continued U.S. Participation
Following World War II, the United States led efforts to establish an open and nondiscriminatory trading system with the expressed goal of raising the economic well-being of all countries and bolstering world peace. These efforts culminated in the creation of the General Agreement on Tariffs and Trade (GATT) in 1948, a provisional agreement on tariffs and trade rules that governed world trade for 47 years. The World Trade Organization (WTO) succeeded the GATT in 1995 and today serves as a permanent body that administers the rules and agreements negotiated and signed by 153 participating parties, as well as a forum for dispute settlement and negotiations. The purpose of this report is to analyze some of the main issues in any debate on U.S. participation in the WTO and to address some of the criticisms leveled at the organization. Academic studies indicate that the United States benefits from broad reductions in trade barriers worldwide, but some workers and industries might not share in those gains. Decisions in the WTO are made by member governments, which determine their negotiating positions, file dispute challenges, and implement their decisions. However, some argue that smaller countries are left out of decision-making and that governments tend to represent the interests of large corporations disproportionately.
China-U.S. Trade Issues
This report provides an overview of U.S.-China economic relations, surveys major trade disputes, and lists bills introduced in the 111th Congress that could affect bilateral commercial ties.
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.
The "Volcker": Proposals to Limit "Speculative" Proprietary Trading by Banks
This report briefly discusses the permissible proprietary trading activities of commercial banks and their subsidiaries under current law. It then analyzes the Volcker Rule proposals under both the House- and Senate-passed financial reform bills.
Iran Sanctions
This report looks at the purposes and results of U.S. sanctions in Iran, which were initiated as a result of Iran's nuclear program and human rights issues. It ends by discussing future issues that Congress can consider regarding the sanctions.
The Trans-Pacific Partnership Agreement
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.
U.S.-Latin America Trade: Recent Trends and Policy Issues
Trade is one of the more enduring issues in contemporary U.S.-Latin America relations. Latin America is far from the largest U.S. regional trade partner, but historically is the fastest growing one. The United States has implemented comprehensive reciprocal trade agreements with most of its important trade partners in Latin America. Agreements with Panama and Colombia have been signed but not implemented, pending congressional action. Countries south of the Caribbean Basin have been reluctant to enter into such a deal because it does not meet their primary negotiation objectives. This report looks at the status, implications, and alternatives to current free trade agreements in the region.
Trade Law: An Introduction to Selected International Agreements and U.S. Laws
This report is an introductory overview of the legal framework governing trade-related measures. The agreements and laws selected for discussion are those most commonly implicated by U.S. trade interests, but there are U.S. trade obligations beyond those reviewed in this report.
Brazil’s WTO Case Against the U.S. Cotton Program
U.S. and Brazilian trade negotiators reached agreement on June 17, 2010, on a "Framework agreement" regarding a World Trade Organization dispute settlement case over U.S. cotton subsidies and GSM-102 agricultural export credit guarantees. The Framework agreement - which lays out a number of "steps and discussions" - represents a path forward toward the ultimate goal of reaching a negotiated solution to the dispute, while avoiding World Trade Organization-sanctioned trade retaliation by Brazil against U.S. goods and services. This report includes information on the dispute, panel recommendations, implementation of recommendations, compliance panel review and ruling, arbitration of Brazil's proposed countermeasures, and more related the dispute.
EU-U.S. Economic Ties: Framework, Scope, and Magnitude
This report provides background information and analysis of the U.S.-EU economic relationship for Members of the 111th Congress as they contemplate the costs and benefits of closer U.S. economic ties with the EU. It examines the economic and political framework of the relationship and the scope and magnitude of the ties based on data from various sources. In addition, the report analyzes the implications these factors have for U.S. economic policy toward the EU.
The "Volcker": Proposals to Limit "Speculative" Proprietary Trading by Banks
This report briefly discusses the permissible proprietary trading activities of commercial banks and their subsidiaries under current law. It then analyzes the Volcker Rule proposals under the House- and Senate-passed financial reform bills and under the Conference Report, which would limit the ability of commercial banking institutions and their affiliated companies and subsidiaries to engage in trading unrelated to customer needs and investing in and sponsoring hedge funds or private equity funds.
The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications
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.
Taiwan: Major U.S. Arms Sales Since 1990
This report discusses U.S. security assistance to Taiwan (calling itself Republic of China (ROC)), including policy issues for Congress and legislation.
FY2010 Supplemental Appropriations for Agriculture
This report is categorized into two categories: (I) Agriculture in the Tax Extenders Bill (H.R. 4213) and (II) Agriculture in the Supplemental Appropriations Bill (H.R. 4899).
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.
Mexico's Free Trade Agreements
In the 111th Congress, issues of concern related to the trade and economic relationship with Mexico involve mostly economic conditions in Mexico, issues related to the North American Free Trade Agreement (NAFTA), the effect of NAFTA, economic conditions in Mexico and Mexican migrant workers in the United States. This report provides an overview of Mexico's free trade agreements, its motivations for trade liberalization and entering into free trade agreements, and some of the issues Mexico faces in addressing its economic challenges.
The U.S. Trade Deficit: Causes, Consequences, and Policy Options
The first part of this report explains the fundamental macroeconomic forces that cause a trade imbalance (deficit or surplus). In light of those fundamental forces, the report then evaluates the most common economic concerns about trade deficits. Finally, the report examines the efficacy of alternative policy responses to trade imbalances and the economic forces that generate them.
China's Currency: An Analysis of the Economic Issues
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.
U.S. International Trade: Trends and Forecasts
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.
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 balance.
Country-of-Origin Labeling for Foods
This report covers the country-of-origin labeling (COOL) system implemented by the U.S. Department of Agriculture. Canada and Mexico say that the (COOL) system is unfair and does not meet its original objectives, while Congress is considering legislation that would further expand labeling requirements.
The Exon-Florio National Security Test for Foreign Investment
This report covers the recent background of the Exon-Florio provision with special regards to issues faced in the 112th Congress. The Exon-Florio provision grants the President the authority to block proposed or pending foreign acquisitions of "persons engaged in interstate commerce in the United States" that threaten to impair the national security.
The Dodd-Frank Wall Street Reform and Consumer Protection Act: Titles III and VI, Regulation of Depository Institutions and Depository Institution Holding Companies
This report discusses Titles III and VI of the Dodd-Frank Act, which effectuate changes in the regulatory structure governing depository institutions and their holding companies and, thus, constitute a substantial component of the reform effort.
Tariff Modifications: Miscellaneous Tariff Bills
Importers often request that Members of Congress introduce bills seeking to suspend or reduce tariffs on certain imports on their behalf. 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 (MTB) legislation reported out by the committees of jurisdiction.
EU-U.S. Economic Ties: Framework, Scope, and Magnitude
This report provides background information and analysis of the U.S.-EU economic relationship for Members of the 111th Congress as they contemplate the costs and benefits of closer U.S. economic ties with the EU. It examines the economic and political framework of the relationship and the scope and magnitude of the ties based on data from various sources. In addition, the report analyzes the implications these factors have for U.S. economic policy toward the EU. The report will be revised as events warrant.
China-U.S. Trade Issues
This report discusses the U.S.-China economic relationship and China's rapid expansion as a global economic market, both with respect to the current global economic crisis. It also examines major U.S.-China trade issues and related legislation.
The Committee on Foreign Investment in the United States (CFIUS)
This report discusses the Committee on Foreign Investment in the United States (CFIUS). CFIUS is an interagency committee that serves the President in overseeing the national security implications of foreign investment in the economy. Originally established by an Executive Order of President Ford in 1975, the committee generally has operated in relative obscurity.
The G-20 and International Economic Cooperation: Background and Implications for Congress
This report discusses the background of the G-20 (an international forum for discussing and coordinating economic policies) and some of the issues that it has addressed. It includes historic background on the work of the G-20, information about how the group operates, overviews of G-20 summits, major issues that the group is likely to address and the likely effectiveness of the G-20 in the near future. The members of the G-20 include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States, and the European Union.
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 balance.
The Role of Trade Secrets in Innovation Policy
This report provides an overview of the law and policy of trade secrets. It discusses the role of trade secrets in U.S. innovation policy. It then reviews the sources of trade secret law and the substantive rules that they provide. The report then provides a more detailed review of existing federal legislation that pertains to trade secrets. In its next section, the report then discusses the relationship between patent law and trade secret law. The report closes with an identification of congressional issues and options within this field.
Pending U.S. and EU Free Trade Agreements with South Korea: Possible Implications for Automobile and Other Manufacturing Industries
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.
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.
United States-Canada Trade and Economic Relationship: Prospects and Challenges
This report examines the various aspects of the United States-Canada trade and economic partnership and presents several policy options for Congress.
Dispute Settlement in the World Trade Organization (WTO): An Overview
No Description Available.
Why Certain Trade Agreements Are Approved as Congressional-Executive Agreements Rather Than as Treaties
U.S. trade agreements such as the North American Free Trade Agreement (NAFTA), World Trade Organization agreements, and bilateral free trade agreements (FTAs) have been approved by majority vote of each house rather than by two-thirds vote of the Senate - that is, they have been treated as congressional-executive agreements rather than as treaties. The congressional-executive agreement has been the vehicle for implementing Congress's long-standing policy of seeking trade benefits for the United States through reciprocal trade negotiations. This report discusses this topic in brief.
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.
China's Steel Industry and Its Impact on the United States: Issues for Congress
This report provides an overview of China's steel industry and discusses the issues and implications with regard to the U.S. steel sector.
China's Sovereign Wealth Fund: Developments and Policy Implications
China's ruling executive body, the State Council, established the China Investment Corporation (CIC), a sovereign wealth fund, in September 2007 to invest $200 billion of China's then $1.4 trillion in foreign exchange reserves. Congress and financial analysts raised concerns about the CIC after its creation, partly because it was a comparatively large sovereign wealth fund, partly because it was government-owned, and partly because it reported directly to the State Council. These concerns raise question about U.S. policies on inward foreign direct investment (FDI) and the global competitiveness of U.S. financial institutions. Certain commentators suggest that more should be done to protect the United States from China's rising role in international capital markets.
U.S.-South Korea Beef Dispute: Issues and Status
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.
Trade Preferences: Economic Issues and Policy Options
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.
Taiwan: Major U.S. Arms Sales Since 1990
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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