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 Collection: Congressional Research Service Reports
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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: March 1, 2011
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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Trade Promotion Authority and the U.S.-South Korea Free Trade Agreement

Trade Promotion Authority and the U.S.-South Korea Free Trade Agreement

Date: March 2, 2011
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 U.S. Trade Deficit, the Dollar, and the Price of Oil

The U.S. Trade Deficit, the Dollar, and the Price of Oil

Date: March 2, 2011
Creator: Jackson, James K.
Description: This report analyzes the relationship between the dollar and the price of oil and how the two might interact. This report provides an assessment of the impact a range of prices of imported oil could have on the U.S. trade deficit.
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Europe's Preferential Trade Agreements: Status, Content, and Implications

Europe's Preferential Trade Agreements: Status, Content, and Implications

Date: March 3, 2011
Creator: Ahearn, Raymond J.
Description: This report explores intersecting issues regarding Europe's preferential trade agreements (PTA) in three parts. The first section discusses the status and primary motivations of the EU's PTAs currently in place or under negotiation. The second compares the content and trade coverage of Europe's PTAs to U.S. PTAs. A third section assesses the implications of the EU's PTA program for the multilateral trading system and U.S. trade policy. A concluding section evaluates future directions for Europe's PTA policy.
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Financing the U.S. Trade Deficit

Financing the U.S. Trade Deficit

Date: March 7, 2011
Creator: Jackson, James K.
Description: The U.S. merchandise trade deficit is a part of the overall U.S. balance of payments, a summary statement of all economic transactions between the residents of the United States and the rest of the world, during a given period of time. Some Members of Congress and other observers have grown concerned over the magnitude of the U.S. merchandise trade deficit and the associated increase in U.S. dollar-denominated assets owned by foreigners. 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.
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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: March 7, 2011
Creator: Cooper, William H.
Description: Granting Russia permanent normal trade relations (PNTR) status requires a change in law because Russia is prohibited from receiving unconditional and permanent NTR under Title IV of the Trade Act of 1974. This provision includes the so-called Jackson-Vanik amendment. Extension of PNTR has implications for Russia's accession to the World Trade Organization (WTO). This report examines this legislative issue in the context of Russian accession to the WTO and U.S.-Russian economic ties.
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Transatlantic Regulatory Cooperation: Background and Analysis

Transatlantic Regulatory Cooperation: Background and Analysis

Date: March 7, 2011
Creator: Ahearn, Raymond J.
Description: This report discusses commercial ties between the United States and the 27-member European Union. These ties are substantial, growing, and mutually beneficial, but differences in regulatory approaches limit an even more integrated marketplace from developing. This report is intended to serve as an introduction and primer on this complicated, broad, and often highly technical set of issues.
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ATPA Renewal: Background and Issues

ATPA Renewal: Background and Issues

Date: March 9, 2011
Creator: Villarreal, M. Angeles
Description: The Andean Trade Preference Act (ATPA) extends special duty treatment to certain U.S. imports from Bolivia, Colombia, Ecuador, and Peru that meet domestic content and other requirements. The purpose of ATPA is to promote economic growth in the Andean region and to encourage a shift away from dependence on illegal drugs by supporting legitimate economic activities. This report outlines the various aspects of the ATPA, including significant dates and modifications.
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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: March 10, 2011
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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Foreign Investment and National Security: Economic Considerations

Foreign Investment and National Security: Economic Considerations

Date: March 10, 2011
Creator: Jackson, James K.
Description: This report assesses recent international developments as the leaders from a number of nations work to reach a consensus on an informal set of best practices regarding national restrictions on foreign investment for national security purposes. This report also provides one possible approach for assessing the costs and benefits involved in using national policies to direct or to restrict foreign direct investment for national security reasons.
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