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China-U.S. Trade Issues

Description: U.S.-China economic ties have expanded substantially over the past several years. China is now the third largest U.S. trading partner, its second largest source of imports, and its fourth largest export market. However, U.S.-China commercial ties have been strained by a number of issues, including a surging U.S. trade deficit with China, China's refusal to float its currency, and failure to fully comply with its World Trade Organization (WTO) commitments, especially its failure to provide protection for U.S. intellectual property rights (IPR). This report explores these issues in detail, especially concerning the lack of protection for U.S. IPR.
Date: May 16, 2003
Creator: Morrison, Wayne M.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Export Tax Benefits and the WTO: Foreign Sales Corporations and the Extraterritorial Replacement Provisions

Description: The U.S. tax code’s Foreign Sales Corporation (FSC) provisions provided a tax benefit for U.S. exporters. However, the European Union (EU) in 1997 charged that the provision was an export subsidy and thus contravened the World Trade Organization (WTO) agreements. A WTO ruling upheld the EU complaint, and to avoid WTO sanctioned retaliatory tariffs, U.S. legislation in November 2000 replaced FSC with the “extraterritorial income” (ETI) provisions, consisting of a redesigned export tax benefit of the same magnitude as FSC. The EU maintained that the new provisions are also not WTO-compliant and asked the WTO to rule on the matter.
Date: May 15, 2003
Creator: Brumbaugh, David L.
Item Type: Report
Partner: UNT Libraries Government Documents Department

A Free Trade Area of the Americas: Status of Negotiations and Major Policy Issues

Description: At the second Summit of the Americas in Santiago, Chile (April 1998), 34 Western Hemisphere nations agreed to initiate formal negotiations to create a Free Trade Area of the Americas (FTAA) by 2005. The process so far has led to two draft texts, the second completed for the November 1, 2002 trade ministerial in Quito, Ecuador. A year later, the third draft is expected at the eighth trade ministerial scheduled for November 17-21, 2003 in Miami. Although implementing legislation is not anticipated until the next Congress, for an FTAA to be signed in January 2005, the 108th Congress will play a crucial role during this last phase of the negotiations given its expanded consultative and oversight authority as defined in the Trade Promotion Authority (TPA) provisions of the Trade Act of 2002 (P.L. 107-210). This report will be updated periodically.
Date: May 14, 2003
Creator: Hornbeck, J. F.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Trade and the Americas

Description: No Description Available.
Date: May 12, 2003
Creator: Ahearn, Raymond J.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Caribbean Basin Interim Trade Program: CBI/NAFTA Parity

Description: 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.
Date: May 6, 2003
Creator: Pregelj, Vladimir N.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Lumber Imports from Canada: Issues and Events

Description: 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.
Date: May 5, 2003
Creator: Gorte, Ross W. & Grimmett, Jeanne J.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Exempting Food and Agriculture Products from U.S. Economic Sanctions: Status and Implementation

Description: Falling agricultural exports and declining commodity prices led farm groups and agribusiness firms to urge the 106th Congress to pass legislation exempting foods and agricultural commodities from U.S. economic sanctions against certain countries. In completing action on the FY2001 agriculture appropriations bill, Congress codified the lifting of unilateral sanctions on commercial sales of food, agricultural commodities, medicine, and medical products to Iran, Libya, North Korea, and Sudan, and extended this policy to apply to Cuba (Title IX of H.R. 5426, as enacted by P.L. 106-387; Trade Sanctions Reform and Export Enhancement Act of 2000). Related provisions place financing and licensing conditions on sales to these countries. Those that apply to Cuba, though, are permanent and more restrictive than for the other countries. Other provisions give Congress the authority in the future to veto a President's proposal to impose a sanction on the sale of agricultural or medical products.
Date: May 1, 2003
Creator: Jurenas, Remy
Item Type: Report
Partner: UNT Libraries Government Documents Department

India-U.S. Economic Relations

Description: No Description Available.
Date: April 22, 2003
Creator: Morrison, Wayne M. & Kronstadt, K. Alan
Item Type: Report
Partner: UNT Libraries Government Documents Department

Taiwan: Major U.S. Arms Sales Since 1990

Description: This report discusses U.S. arms sales to Taiwan, or Republic of China (ROC), including policy issues for Congress and legislation. The Taiwan Relations Act (TRA), P.L. 96-8, has governed U.S. arms sales to Taiwan since 1979, when the United States recognized the People’s Republic of China (PRC) instead of the ROC. There are two other relevant elements of the “one China” policy: the August 17, 1982 U.S.-PRC Joint Communique and the “Six Assurances” made to Taiwan.
Date: April 18, 2003
Creator: Kan, Shirley A.
Item Type: Report
Partner: UNT Libraries Government Documents Department

Agricultural Export and Food Aid Programs

Description: This report discusses projected agricultural imports and exports for FY2003, as well as legislation that deals with federal programs in support of agricultural exports and federal aid dedicated to farms and agricultural reform.
Date: April 17, 2003
Creator: Hanrahan, Charles E.
Item Type: Report
Partner: UNT Libraries Government Documents Department

China-U.S. Trade Issues

Description: U.S.-China economic ties have expanded substantially over the past several years. China is now the third largest U.S. trading partner, its second largest source of imports, and its fourth largest export market. However, U.S.-China commercial ties have been strained by a number of issues, including a surging U.S. trade deficit with China, China's refusal to float its currency, and failure to fully comply with its World Trade Organization (WTO) commitments, especially its failure to provide protection for U.S. intellectual property rights (IPR). This report explores these issues in detail, especially concerning the lack of protection for U.S. IPR.
Date: April 11, 2003
Creator: Morrison, Wayne M.
Item Type: Report
Partner: UNT Libraries Government Documents Department