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Trade Negotiations During the 109th Congress
This report discusses trade issues in the 109th Congress. For over 50 years, U.S. trade officials have negotiated multilateral trade agreements to achieve lower trade barriers and rules to cover international trade. During the 108th Congress, U.S. officials negotiated and Congress approved four bilateral free-trade agreements with Australia, Chile, Morocco, and Singapore.
The U.S.-EU Beef Hormone Dispute
This report discusses the long-standing and acrimonious trade dispute between the United States and the European Union (EU) over the EU's decision to ban hormone-treated meat.
Trade Primer: Qs and As on Trade Concepts, Performance, and Policy
This report is divided into four sections in a question-and-answer format: trade concepts, U.S. trade performance, formulation of U.S. trade policy, and trade and investment issues. The first section on "Trade Concepts" deals with why countries trade, the consequences of trade expansion, and the relationship between globalization and trade. The second section, on trade performance, focuses on the U.S. trade deficit and its impact on industries. The third section deals with the roles played by the Executive Branch, Congress, the private sector, and the Judiciary in the formulation of U.S. trade policy. The fourth section, on U.S. trade and investment policy, asks questions related to trade negotiations and agreements and to imports, exports, and investments.
Generalized System of Preferences: Background and Renewal Debate
The U.S. Generalized System of Preferences (GSP) program provides non-reciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs). This report presents, first, recent developments and a brief history, economic rationale, and legal background leading to the establishment of the GSP. Second, the report presents a discussion of U.S. implementation of the GSP. Third, the report presents an analysis of the U.S. program's effectiveness and the positions of various stakeholders. Fourth, implications of the expiration of the U.S. program and possible options for Congress are discussed.
Softwood Lumber Imports from Canada: Current Issues
This report discusses the latest softwood lumber dispute between the U.S. and Canada, known as Lumber V. This report provides background information on the dispute, summarizes the key issues leading to the tensions between the United States and Canada over softwood lumber, and examines current developments in Lumber V.
Efforts to Address Seasonal Agricultural Import Competition in the NAFTA Renegotiation
This report discusses a proposal by the U.S. in the North American Free Trade Agreement (NAFTA) renegotiations that would allow U.S. agricultural producers of certain fruits and vegetables to more easily file an injury claim regarding imports from Mexico. It includes details regarding the proposal, Mexican produce imports statistics, and arguments for and against the proposal.
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.
International Trade and Finance: Overview and Issues for the 115th Congress
This report provides a brief overview of some of the trade and finance issues that may be of interest or continuing attention of the 115th Congress. During its 114th session, Congress faced numerous international trade and finance policy issues.
Asia Pacific Economic Cooperation (APEC), Free Trade, and the 2002 Summit in Mexico
On October 26-27, 2002, the Tenth APEC Leaders’ Meeting (summit) was hosted by Mexico in Las Cabos, Mexico. The official theme for APEC 2002 is to expand the benefits of cooperation for economic growth and development and enable the APEC vision to be implemented. For the United States, APEC raises fundamental questions that are of special interest to Congress. One is whether consensus can be achieved on the APEC vision of free trade and investment in the Asia Pacific or whether future trade liberalization will be confined primarily to bilateral free-trade agreements or multilateral trade negotiations under the World Trade Organization.
Agriculture in the WTO: Limits on Domestic Support
A potential major constraint affecting U.S. agricultural policy choices is the set of commitments made as part of membership in the World Trade Organization (WTO), with its various agreements governing agriculture and trade, including dispute settlement. This report provides a brief overview of the WTO commitments most relevant for U.S. domestic farm policy. A key question that policymakers ask of virtually every new farm proposal is, how will it affect U.S. commitments under the WTO?
World Trade Organization Negotiations: The Doha Development Agenda
This report discusses the World Trade Organization (WTO) Doha Round of multilateral trade negotiations, begun in November 2001, which has entered its 11th year. The report includes background on Doha and the significance fo the negotiations as well as a breakdown of issues on the Doha agenda and the role of the Congress.
Free Trade Agreements: Impact on U.S. Trade and Implications for U.S. Trade Policy
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The EU-South Korea Free Trade Agreement and Its Implications for the United States
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Permanent Normal Trade Relations (PNTR) Status for Russia and U.S.-Russian Economic Ties
This report discusses the issues surrounding whether or not the U.S. should grant Russia permanent normal trade relations (PNTR) following its accession into the World Trade Organization (WTO). The change in Russia's trade status will require legislation to lift the restrictions of Title IV of the Trade Act of 1974 as they apply to Russia, which includes the "freedom-of-emigration" requirements of the Jackson-Vanik amendment.
Permanent Normal Trade Relations (PNTR) Status for Russia and U.S.-Russian Economic Ties
This report discusses the issues surrounding whether or not the U.S. should grant Russia permanent normal trade relations (PNTR) following its accession into the World Trade Organization (WTO). The change in Russia's trade status will require legislation to lift the restrictions of Title IV of the Trade Act of 1974 as they apply to Russia, which includes the "freedom-of-emigration" requirements of the Jackson-Vanik amendment.
Agricultural Trade in the 106th Congress: A Review of Issues
The 106th Congress considered a number of trade policy developments against a backdrop of weak foreign demand and large world supplies of agricultural commodities. The U.S. Department of Agriculture reports that the value of U.S. agricultural exports fell between FY1996 (a record year) and FY1999 by almost $11 billion, to $49.2 billion. Agricultural exports did climb back to $50.9 billion in FY2000, and are now projected at $53 billion in FY2001. However, the pace of recovery concerned many agricultural groups and their supporters in Congress. Although they recognize that many world economic, farm production, political, and weather factors influence exports, many of these groups believe that the agricultural sector's future prosperity also depends upon such U.S. trade policies as: 1) encouraging China's entry into the World Trade Organization (WTO), with its binding rules and responsibilities; 2) exempting agricultural exports from U.S. unilateral economic sanctions; 3) fully using export and food aid programs; and 4) aggressively battling foreign-imposed barriers to the movement of U.S. farm products. A few U.S. farm groups are wary of such approaches.
Trade Promotion Authority and the Korea Free Trade Agreement
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).
Reform of U.S. International Taxation: Alternatives
This report describes and assesses the principal prescriptions that have been offered for broad reform of the current U.S. system for taxing international businesses. The report begins with an overview of current law and of possible revisions. It then sets the framework for considering economic efficiency as well as tax shelter activities. Finally, it reviews alternative approaches to revision in light of those issues.
Central Asia: Regional Developments and Implications for U.S. Interests
This report details the information related to Central Asia Regional developments and implications for the U.S interests.
The Power to Regulate Commerce: Limits on Congressional Power
This report discusses the Commerce Clause of the United States Constitution, which provides that the Congress shall have the power to regulate interstate and foreign commerce.
U.S. Trade in Services: Trends and Policy Issues
This report provides background information and analysis on U.S. international trade in services, as well as policy issues. It examines emerging issues and current negotiations, including the Trade in Services Agreement (TiSA), the Trans-Pacific Partnership (TPP), and the Transatlantic Trade and Investment Partnership (T-TIP).
U.S. International Trade: Data and Forecasts
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America's Growing Current Account Deficit: Its Cause and What It Means for the Economy
This report discusses the reasons for the U.S. current account deficit, popularly known as the trade deficit, and which is on the rise.
Is the U.S. Current Account Deficit Sustainable?
This report reviews studies on the current account (CA) deficit’s sustainability. The studies suggest that a dollar depreciation of 10% to 56% could eventually be required to restore sustainability.
U.S.-Jordan Free Trade Agreement
On June 6, 2000, President Bill Clinton and King Abdullah II announced that the United States and Jordan would begin negotiations for a bilateral free trade agreement (FTA). The two sides signed the FTA on October 24, 2000, and President Clinton submitted the FTA to the 107th Congress on January 6, 2001.
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.
Europe’s New Trade Agenda
This report summarizes the European Union's new initiative, casts the initiative from a historical perspective, and assesses the implications of this shift for the global trading system and for U.S. interests.
NAFTA Labor Side Agreement: Lessons for the Workers Rights and Fast-Track Debate
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Foreign Affairs, Defense, and Trade: Key Issues for the 109th Congress
This report provides key issues for the 109th Congress regarding Foreign Affairs, Defense, and Trade. Among the 109th Congress' first orders of business will be dealing with the policy priorities - both domestic and foreign, as well as issues of business including U.S. foreign and security policy, global issues, defense policy, and more.
Caribbean Basin Interim Trade Program: CBI/NAFTA Parity
The entry into force, on January 1, 1994, of the North American Free Trade Agreement (NAFTA) has eliminated the advantage that the beneficiaries of the Caribbean Basin Economic Recovery Act (CBERA) and related provisions of the Caribbean Basin Initiative (CBI) had enjoyed in trade with the United States relative to Mexico, and gave Mexico an increasingly significant competitive edge over the CBERA countries. The scheduled further implementation of the NAFTA would have resulted in a substantial advantage to Mexico over the CBERA countries and vitiate in part the purpose of the CBERA.
Agriculture and Fast Track Trade Legislation
This report considers the issue of new "fast track" in Congress. The report discusses that the new legislation could be used to negotiate new trade deals with countries in Latin America and Asia. Moreover, the report summarizes the agricultural debates on the issue.
China-U.S. Trade Agreements: Compliance Issues
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Trade Promotion Authority (Fast-Track Authority for Trade Agreements): Background and Developments in the 107th Congress
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Telecommunications Services Trade and the WTO Agreement
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Agriculture and Fast Track Trade Legislation
Senate and House committees in October reported legislation for new fast track authority enabling the Administration to negotiate trade agreements with foreign countries and to submit them to Congress for consideration under expedited procedures. Many agricultural and food industry interests are among the export-dependent enterprises that support new fast track authority, arguing that foreign trading partners will not seriously negotiate with an Administration that lacks it. However, some agricultural groups argue that fast track provides them with inadequate opportunities for dealing with their issues, and that it ultimately will lead to new agreements that benefit foreign more than U.S. producers, at least in some commodity sectors. Neither bill was taken to the floor in 1997 because of insufficient votes for passage in the House. However, the President is expected to seek approval in 1998.
Arab League Boycott of Israel
This report briefly discusses the Arab League's boycott of Israeli companies and Israeli-made goods since Israel's founding in 1948, as well as U.S. efforts to end the boycott and prevent U.S. firms in participating in the boycott.
Agricultural Biotechnology: Overview and Selected Issues
This report considers the issues surrounding genetically engineered (GE) crops or GMO's (genetically modified organisms). Moreover, the report debates the consequences of GE crops on the environment, food safety, and labeling. The report also debates the merits of regulation on the market the crops have entered.
Foreign Affairs, Defense, and Trade: Key Issues for the 110th Congress
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Arab League Boycott of Israel
This report briefly discusses the Arab League's boycott of Israeli companies and Israeli-made goods since Israel's founding in 1948, as well as U.S. efforts to end the boycott and prevent U.S. firms in participating in the boycott.
The Vietnam-U.S. Bilateral Trade Agreement
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Intellectual Property and the Free Trade Agreements: Innovation Policy Issues
This report discusses Free Trade Agreements (FTA) with Australia, Chile, Singapore, and other trading partners in respect to copyrights, data protection, patents, trademarks, and other forms of intellectual property.
Jordan-U.S. Free Trade Agreement: Labor Issues
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Tobacco Farmer Assistance
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Tobacco Farmer Assistance
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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%).
Mexico-U.S. Relations: Issues for Congress
This report covers the North American Free Trade Agreement (NAFTA) and U.S.-Mexico drug trafficking. It also looks at migration, environmental issues, legislation in the 110th Congress, and the relationship between the Bush Administration and Mexico.
Trade Issues in the 103rd Congress
Trade and trade-related issues are prominent parts of the agenda of the 103rd Congress. The Congress has already acted on some issues, in particular the North American Free Trade Agreement (NAFTA). It will have to consider legislation to implement the trade agreements reached during the Uruguay Round of the GATT, which was completed on Dec. 15,1993.
Trade Promotion Authority (Fast-Track): Labor Issues (Including H.R. 3005 and H.R. 3019)
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Japan-U.S. Trade Relations
This report discusses trade relations between the U.S. and Japan. Commercial aspects of the United States-Japan alliance, in recent years, have begun to dominate the dialogue between the two nations. In particular, friction points have developed over chronic U.S. bilateral trade deficits with Japan, allegations of Japanese protectionism, and rapid incursions into U.S. markets by Japanese export products.
APEC and the 1997 Summit in Vancouver
This report discusses the November 25, 1997 summit held by leaders of the Asia Pacific Economic Cooperation (APEC) in Vancouver, B.C., Canada. The purpose of the summit was to further pursue the APEC agenda of endorsing a framework developed by APEC leaders' finance ministers to promote financial stability in the Asia-Pacific region and to supplement resources by the International Monetary Fund when necessary.
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