Generalized System of Preferences: Overview and Issues for Congress: Searching Inside

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... 10 U.S. GSP Imports in 2016 as a proportion of U.S. total NTR trade for those products. Figure 2.Top... 10 U.S. GSP Imports, 2016 GSP imports as a proportion of total Normal Trade Relations (NTR) imports...,000 $ Millions GSP Imports NTR Imports Source: CRS chart based on data from the International Trade Commission... Trade Dataweb. 7 United States International Trade Commission Trade Dataweb, http

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... country has taken action to reduce trade-distorting investment policies and practices, and to reduce... or eliminate barriers to trade in services; and * whether or not a country has taken steps to grant... States.49 Figure I.Top 10 U.S. GSP Beneficiaries, 2016 GSP imports as a proportion of total Normal Trade... Source: CRS chart based on data from the International Trade Commission Trade Dataweb. 48 19 U.S.C. 2462

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... beneficiary countries to develop utilization strategies.121 Trade as Foreign Assistance No other U.S. trade... assistance to developing countries. Supporters maintain that encouraging trade by private companies through... means of assistance.122 Economic development assistance through trade is a long-standing element of U....S. foreign policy, and other trade promotion programs such as AGOA and the Caribbean Basin Trade Partnership... and Bangladesh signed a Trade and Investment Cooperation Forum Agreement (TICFA), through which "The United

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... Generalized System of Preferences: Overview and Issues for Congress multilateral trade... with the proliferation of bilateral and regional trade agreements, the preference may disappear completely unless GSP... access brought about by multilateral trade liberalization."16 These economists say that, rather than... in addressing the constraints that really underlie their sluggish trade and growth performance."1 Under...-Utilization of GSP Some academic literature on preference programs, including GSP and free trade agreements, suggests

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..., and Comparison of GSP Programs The basic principle behind GSP trade programs worldwide is to provide developing... Nations Conference on Trade and Development (UNCTAD) at the UNCTAD II Conference." Economic and Political.... It was believed that this, in turn, would help to free beneficiaries from heavy dependence on trade in primary... perspectives of trade equity that arose during early negotiations on the General Agreement on Tariffs and Trade... be the fundamental and universal principle governing multilateral trade, while less-developed countries believed

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... GSP Program - Total Imports from GSP Countries Source: United States International Trade Commission... Trade Dataweb. Notes: The GSP program expired as of July 31, 2013; thus August 2013 through December... natural competitive advantage in certain products use trade preferences such as the GSP to gain a foothold... by preferential trade programs to develop industry sectors in which they might not otherwise ever be able... competitive over time (trade diversion).98 Some economists assert that the lack of reciprocity in the GSP

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... launching the Doha Development Agenda (DDA) negotiations in November 2001, World Trade Organization (WTO... on the treatment of GSP and other preference programs in the WTO, see CRS Report RS22183, Trade Preferences... for Developing Countries and the World Trade Organization (WTO), by Daniel T. Shedd, Jane M. Smith, and Brandon J.... Murrill. 24 World Trade Organization, "The WTO and the Millennium Development Goals," http...://www.wto.org/english/ thewto_e/cohere/mdge/mdge.htm. 25 World Trade Organization, Ministerial Declaration, Annex F. December 18

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... of the Trade Act of 1974 (PL. 93-618), as amended.41 P.L. 93-618 provided the President with authority to grant... Trade Relations (NTR) treatment from the United States; must also not be "dominated or controlled... from international trade or raise the price of goods in a way that could cause serious disruption... developed country in a manner likely to have a significant adverse impact on U.S. commerce; 41 Trade Act... and amended by the Trade and Tariff Act of 1984 (P.L. 98-573), and again by Subtitle J (the GSP Renewal Act

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... to promote economic growth in developing nations. On June 29, 2015, President Obama signed the Trade... of preferential trade programs worldwide; and describes the U.S. implementation of the GSP program. Latest..., the Office of the U.S. Trade Representative (USTR) and the GSP Subcommittee of the Trade Policy Staff... countries because of country practices 1 Proclamation 9466 of June 30, 2016, "To Implement the World Trade... Organization on the Expansion of Trade in Information Technology Products and for Other Purposes," 81 Federal

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...; and (8) placing caps on the volume of duty-free trade entering under their programs. 19 GATT/World Trade... Organization Framework By its very nature as a trade preference, the GSP concept posed a problem under the GATT... developing countries to greater trade liberalization and economic development, GATT Parties accommodated them... for their negotiated commitments to reduce or eliminate tariffs and restrictions on the trade of less developed... countries." Enabling Clause At the end of the Tokyo Round of Multilateral Trade Negotiations in 1979

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... of the EU's relationship of its trade arrangements with developing countries, including its GSP... European Commission, "Revised EU Trade Scheme to Help Developing Countries Applies on 1 January 2014," Memo..., December 19, 2013, http://trade.ec.europa.eu/doclib/docs/2013/december/tradoc_152015.pdf. 35 The United... States also terminates free trade agreement (FTA) partners from GSP designation, for example, see P...-2015, COM(2016) 29 final, Brussels, January 28, 2016, http://ec.europa.eu/trade

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... the Generalized System of Preferences," 54 Federal Register 15357, April 18, 1989. 59 United States Trade... Representative, "United States Reinstates Trade Preference Benefits for Burma Following Review of Eligibility... Centre for Trade and Sustainable Development, U.S Suspends Argentina from Trade Preference Scheme..., Bridges, March 28, 2012. 65 U.S. Trade Representative, Public Hearing for U.S. Generalized System...://www.regulations.gov/document?D=USTR-2016-0023-0079. Remarks of Mr. John Melle, Assistant U.S. Trade Representative for the Western

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... Generalized System of Preferences: Overview and Issues for Congress Negotiate Trade Agreements... trade benefits and improved market access for the United States.34 Arguably, this was one of the policy....S. efforts through trade capacity building could help other LDCs take greater advantage of the preference. "3..., 2014. See Inside U.S. Trade, "Froman Signals Interest in 'Reciprocal' Trade Arrangement with South... for the purposes of title V of the Trade Act of 1974 on the date of entry into force of the Agreement." 136 U

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... Products (Least-Developed Beneficiaries) Pursuant to Section 503(b) of the Trade Act of 1974, as amended... Trade Relations Schedule Number Description Tariff (if... Trade Relations" (NTR) is the term used in U.S. law to describe the "most-favored-nation" principle... 9466 of June 30, 2016, "To Implement the World Trade Organization on the Expansion of Trade

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... products and some in Congress who favor more reciprocal approaches to trade policy. What follows is a... have expressed the desire to see reciprocal trade relationships with some of the emerging market..., see World Trade Organization, Committee on Trade and Development, Special and Differential Treatment... Act at 14: The Road Ahead, 113th Cong., 2nd sess., July 30, 2014. " Inside U.S. Trade, "Congress

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.................................................................................................... 6 GATT/W orld Trade Organization Fram ework....................................................................................................... 26 Trade as Foreign A ssistance........................................................................................................................ 28 N egotiate Trade A greem ents w ith G SP Countries

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... authorized the U.S. program in Title V of the Trade Act of 1974, and most recently extended it until December..., and other practices of certain beneficiaries. The U.S. Trade Representative (USTR) recently announced.... GSP is one of several trade preference programs through which the United States seeks to help... developing countries expand their economies. Other U.S. trade preference programs are regionally focused

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... countries if they have entered into another kind of commercial arrangement (e.g., a free trade agreement... and the World Trade Organization. London: Cameron May, Ltd., 2002, p. 187. 29 Ibid. 30 19 U.S.C. 2462(b)(2)(c... Regulation (EC) No 2501/2001. 32 Ibid. 33 World Trade Organization, Committee on Trade and Development

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... not specifically required by the GSP statute, a developing country that enters into a free trade agreement (FTA... Proclamation 9188 of October 3, 2014, "To Modify the List of Beneficiary Developing Countries Under the Trade... States-Colombia Trade Promotion Agreement (P.L. 112-42) and Section 201(a)(2) of the United States...-Panama Trade Promotion Implementation Act (P.L. 112-43). One country, Jordan, continues to be eligible for GSP

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