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Reauthorization of the Federal Maritime Commission (FMC): Opportunity to Reexamine the Congressionally Mandated Antitrust Exemption for Ocean Liner Carriers?
The focus of this report is on the commercial aspects of the U.S. liner trade. The report discusses the historical rationale for shipping conferences and legislative history of U.S. shipping law.
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.
Free Trade Agreements and the WTO Exceptions
World Trade Organization (WTO) Members must grant immediate and unconditional most-favored-nation (MFN) treatment to the products of other Members with respect to tariffs and other trade matters. Free trade agreements (FTA) are facially inconsistent with this obligation because they grant countries who are party to the agreement the ability to receive more favorable trade benefits than those extended to other trading partners. Due to the prevailing view that such arrangements are trade enhancing, Article XXIV of the General Agreement on Tariffs and Trade (GATT) contains a specific exception for FTAs. The growing number of regional trade agreements, however, has made it difficult for the WTO to efficiently monitor the consistency of FTAs with the provided exemption. This report examines this issue.
Trade in Services: The Doha Development Agenda Negotiations and U.S. Goals
This report is designed to assist Congress to understand and monitor progress of the negotiations and the major issues that the negotiators are addressing. The report provides a brief background section on the significance of services to the U.S. economy. It then explains briefly the General Agreement on Trade in Services (GATS) and the structure and agenda of the services negotiations in the DDA round, including U.S. objectives in the negotiations. The report concludes with a status report on the negotiations and an examination of potential results.
Canada’s WTO Case Against U.S. Agricultural Support: A Brief Overview
This report contains a brief overview of Canada's World Trade Organization (WTO) case against U.S. agricultural support.
Generalized System of Preferences: Background and Renewal Debate
This report presents, first, a brief history, economic rationale, and legal background leading to the establishment of 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 (BDC's). A brief comparison of GSP programs worldwide, especially as they compare to the U.S. system, is also presented. Second, the report presents a discussion of U.S. implementation of the GSP, along with the present debate surrounding its renewal and legislative developments to date. Third, an analysis of the U.S. program's effectiveness and the positions of various stakeholders is presented. Fourth, implications of the expiration of the U.S. program and possible options for Congress are discussed.
U.S. Foreign-Trade Zones: Trade Agreement Parity (TAP) Proposal
This report provides an introduction to U.S. Foreign Trade Zones (FTZ). The report discusses the details of the Trade Agreement Parity (TAP) proposal, the potential winners and losers under the TAP proposal, economic studies on the TAP proposal, and policy analysis on the TAP proposal.
Andean-U.S. Free-Trade Agreement Negotiations
This Report is categorized into four categories: (I) Background, (II) U.S.-Andean Trade, (III) Selected Issues in the Negotiations and (IV) Prospects.
Lumber Imports from Canada: Issues and Events
This report provides a concise historical account of the dispute, summarizes the subsidy and injury evidence, and discusses the current issues and events regarding lumber imports from Canada.
Lumber Imports from Canada: Issues and Events
This report discuses lumber imports from Canada and provides a concise historical account of the dispute, summarizes the subsidy and injury evidence, and discusses the current issues and events.
U.S.- Thailand Free Trade Agreement Negotiations
This report examines Thailand’s economy and trade orientation, the scope and significance of the U.S.-Thai commercial relationship, and the likely top issues in the negotiations. The report concludes with a short summary of the Congressional role and interest in the FTA.
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 it is the fastest growing one, with the current exception of Africa. Over the last 15 years, the United States has implemented multiple free trade agreements with the region, which are more comprehensive than those that include only Latin American countries. This report looks at the status, implications, and alternatives to current free trade agreements in the region.
Dispute Settlement in the World Trade Organization (WTO): An Overview
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.
The U.S. Trade Deficit, The Dollar, and The Price of Oil
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.
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.
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.
Conventional Arms Transfers to Developing Nations, 2001-2008
This report is provides data on conventional arms transfers to developing nations by the United States and foreign countries for the preceding eight calendar years for use in its policy oversight functions. All agreement and delivery data in this report for the United States are government-to-government Foreign Military Sales (FMS) transactions.
Country-of-Origin Labeling for Foods
This report discusses the 2002 farm bill (P.L. 107-171) as amended by the 2008 farm bill (P.L. 110-246), which states that many U.S. retailers must begin providing country-of-origin labeling (COOL) for fresh produce, red meats, peanuts, chicken, ginseng, pecans, and macadamia nuts.
Dispute Settlement in the World Trade Organization: An Overview
No Description Available.
Foreign Investment Issues in the WTO
No Description Available.
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 would impact bilateral commercial ties.
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