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Trans-Pacific Partnership (TPP) Countries: Comparative Trade and Economic Analysis
The Trans-Pacific Partnership (TPP) is a proposed regional free trade agreement (FTA) currently under negotiation between Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore, the United States, and Vietnam. Congressional involvement includes consultations with U.S. negotiators on and oversight of the details of the negotiations, and eventual consideration of legislation to implement the final trade agreement. This report provides a comparative economic analysis of the TPP countries and their economic relations with the United States.
Why Certain Trade Agreements Are Approved as Congressional-Executive Agreements Rather Than as Treaties
U.S. trade agreements such as the North American Free Trade Agreement (NAFTA), World Trade Organization agreements, and bilateral free trade agreements (FTAs) have been approved by majority vote of each house rather than by two-thirds vote of the Senate - that is, they have been treated as congressional-executive agreements rather than as treaties. The congressional-executive agreement has been the vehicle for implementing Congress's long-standing policy of seeking trade benefits for the United States through reciprocal trade negotiations. This report discusses this topic in brief.
The U.S. Export Control System and the President's Reform Initiative
The 112th Congress may consider reforms of the U.S. export control system. The balance between national security and export competitiveness has made the subject of export controls controversial for decades. The U.S. export control system is diffused among several different licensing and enforcement agencies. This report not only discussed the background of such issues, but also the differences between the Obama Administration and Congress' approaches to export legislation reform.
International Trade: Rules of Origin
This report deals with rules of origin (ROO) in three parts. First, it describes the reasons that country of origin rules are important and briefly describe U.S. laws and methods that provide direction in making these determinations. Second, it discusses some of the more controversial issues involving rules of origin and the effects of the global manufacturing process on ROO. It concludes with some alternatives and options that Congress could consider that might assist in simplifying the process.
Free Trade Agreements: Impact on U.S. Trade and Implications for U.S. Trade Policy
In the last few years, the United States has considered bilateral and regional free trade areas (FTAs) with a number of trading partners. Such arrangements are not new in U.S. trade policy. The United States has had a free trade arrangement with Israel since 1985 and with Canada since1989. The latter was suspended when the North American Free Trade Agreement (NAFTA) that included the United States, Canada, and Mexico, went into effect in January 1994. This report monitors pending and possible proposals for U.S. FTAs, relevant legislation and other congressional interest in U.S. FTAs.
U.S. Trade Concepts, Performance, and Policy: Frequently Asked Questions
This report discusses trade issues relevant to Congress. It 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.
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. It includes background on Doha and the significance of the negotiations, as well as a breakdown of issues on the Doha agenda and the role of the Congress.
U.S. Agricultural Trade with Cuba: Current Limitations and Future Prospects
This report reviews the current state of agricultural trade between the United States and Cuba. It identifies key impediments to expanding bilateral trade in agricultural products and key provisions in the law to which these obstacles are anchored, and also considers the potential consequences for trade in agricultural goods if bilateral trade were returned to a more normal footing. It also summarizes several of the bills introduced in the 114th Congress that propose to remove specific restrictions that impede trade in agricultural goods or that seek to lift the embargo on Cuba entirely.
U.S. Trade in Services: Trends and Policy Issues
This report provides background information and analysis on U.S. international trade in services. It analyzes policy issues before the United States, especially relating to negotiating international disciplines on trade in services and dealing complexities in measuring trade in services. The report also examines emerging issues and current negotiations.
U.S. Agricultural Trade with Cuba: Current Limitations and Future Prospects
This report reviews the current state of agricultural trade between the United States and Cuba, identifies key impediments to expanding bilateral trade in agricultural products and key provisions in the law to which these obstacles are anchored. It also summarizes several of the bills introduced in the 114th Congress that propose to remove specific restrictions that impede trade in agricultural goods or that seek to lift the embargo on Cuba entirely.
U.S. Trade Concepts, Performance, and Policy: Frequently Asked Questions
This report discusses trade issues relevant to Congress. It 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.
U.S. Trade Concepts, Performance, and Policy: Frequently Asked Questions
This report provides information and context for trade topics. It is intended to assist Members and staff who may be new to trade issues. The 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.
U.S. - European Union Disputes in the World Trade Organization
This report discusses disputes in the World Trade Organization (WTO) between the United States and the European Union (EU). The report begins with an overview of the issues to be addressed, and continues with a brief description of the WTO dispute settlement process, a summary of U.S.-EU dispute settlement history, and a review of issues arising from cases of longstanding non-compliance. The report concludes with a discussion of continuing concerns and policy considerations.
U.S. Textile Manufacturing and the Proposed Trans-Pacific Partnership Agreement
This report discusses the Trans-Pacific Partnership Agreement (TPP), which is a regional free-trade agreement (FTA) signed by trade ministers of 12 member countries, including the United States, on February 4, 2016.
The Proposed U.S.-Malaysia Free Trade Agreement
This report addresses the proposed U.S.-Malaysia free trade agreement (FTA). It provides a brief overview of the Malaysian economy, a review of U.S. interests in the proposed agreement, an examination of possible issues likely to arise during the negotiations, a comparison of tariff rates between the two countries, legislative procedures, and an appendix with a brief chronology and trade data — including U.S. exports and imports to Malaysia by sector and exports to Malaysia by state.
U.S.-Latin American Trade: Recent Trends
Since congressional passage of Trade Promotion Authority (TPA) in August 2002 (P.L. 107-210), the U.S.-Chile free trade agreement (FTA) has been implemented and negotiations were concluded on the Dominican Republic-Central America-United States Free Trade Agreement (DR-CAFTA). Implementing legislation may be introduced in the first session of the 109th Congress. Other important U.S.-Latin America trade initiatives include FTA negotiations with three Andean countries and Panama, and the ongoing but slowed talks on the Free Trade Area of the Americas (FTAA). Congress defined trade negotiation objectives in TPA and trade agreements are enacted only after Congress passes implementing legislation. This report supports the congressional role in trade policy by providing an analytical overview of U.S.-Latin American trade data and trends.
International Trade and Finance: Key Policy Issues for the 112th Congress
The 112th Congress, in both its legislative and oversight capacities, faces numerous international trade and finance issues. In addition to the broader congressional oversight of the economic and political context of the current U.S. participation in the global economy, this report highlights major international trade and finance issues Congress may address this year and next.
International Trade and Finance: Key Policy Issues for the 112th Congress
Report concerning a variety of issues faced by the 112th Congress. Topics include trade negotiations with South Korea, Panama, Colombia, and China, export controls and sanctions, and international financial institutions.
Trade Negotiations During the 110th Congress
This report discusses the trade negotiations during Bush Administration, which has made bilateral and regional free-trade agreements (FTAs) an important element of U.S. trade policy, a strategy known as “competitive liberalization.”
Trade in Services Agreement (TiSA) Negotiations: Overview and Issues for Congress
This report provides a brief overview of U.S. trade in services, background on services in U.S. trade agreements, and an in-depth discussion of the ongoing Trade in Services Agreement (TiSA) negotiations.
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.
Domestic Content Restrictions: The Buy American Act and Complementary Provisions of Federal Law
This report provides an overview of the Buy American Act, Trade Agreements Act, Berry Amendment (including its former specialty metals provision), and Buy America Act, specifically highlighting the commonalities and differences among them. The report also lists other federal domestic content restrictions codified in the U.S. Code.
Country-of-Origin Labeling for Foods and the WTO Trade Dispute on Meat Labeling
This report covers the dispute between the U.S with its neighbors, Canada and Mexico, who say that the recent country-of-origin labeling (COOL) system implemented by the U.S. Department of Agriculture is unfair and does not meet its original objectives. This dispute was brought before the WTO dispute panel and found to be valid. The report ends with a discussion of options for the U.S. in regards to modifying COOL to follow WTO rulings.
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.
Proposed Transatlantic Trade and Investment Partnership (T-TIP): In Brief
This report provides a brief overview of the Transatlantic Trade and Investment Partnership (T-TIP), and discusses the congressional interest, market access, regulatory issues, and trade-related rules.
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.
Country-of-Origin Labeling for Foods and the WTO Trade Dispute on Meat Labeling
This report covers the dispute between the U.S with its neighbors, Canada and Mexico, who say that the recent country-of-origin labeling (COOL) system implemented by the U.S. Department of Agriculture is unfair and does not meet its original objectives. This dispute was brought before the WTO dispute panel and found to be valid. The report ends with a discussion of options for the U.S. in regards to modifying COOL to follow WTO rulings.
Country-of-Origin Labeling for Foods
This report covers the country-of-origin labeling (COOL) system implemented by the U.S. Department of Agriculture. Canada and Mexico say that the (COOL) system is unfair and does not meet its original objectives, while Congress is considering legislation that would further expand labeling requirements.
Country-of-Origin Labeling for Foods and the WTO Trade Dispute on Meat Labeling
This report covers the dispute between the U.S and its neighbors Canada and Mexico, who say that the recent country-of-origin labeling (COOL) system implemented by the U.S. Department of Agriculture is unfair and does not meet its original objectives. The dispute was brought before the World Trade Organization (WTO) dispute panel and found to be valid. The report ends with a discussion of options for the U.S. in regards to modifying COOL to follow WTO rulings.
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.
Country-of-Origin Labeling for Foods and the WTO Trade Dispute on Meat Labeling
This report covers the dispute between the U.S with its neighbors, Canada and Mexico, who say that the recent country-of-origin labeling (COOL) system implemented by the U.S. Department of Agriculture is unfair and does not meet its original objectives. This dispute was brought before the WTO dispute panel and found to be valid. The report ends with a discussion of options for the U.S. in regards to modifying COOL to follow WTO rulings.
Country-of-Origin Labeling for Foods and the WTO Trade Dispute on Meat Labeling
This report covers the dispute between the U.S with its neighbors Canada and Mexico, who say that the recent country-of-origin labeling (COOL) system implemented by the U.S. Department of Agriculture is unfair and does not meet its original objectives. This dispute was brought before the WTO dispute panel and found to be valid. The report ends with a discussion of options for the U.S. in regards to modifying COOL to follow WTO rulings.
The Jackson-Vanik Amendment and Candidate Countries for WTO Accession: Issues for Congress
This report gives an analysis of the unconditional most-favored-nation (MFN) status, or in U.S. statutory parlance, normal trade relations (NTR) status, which is a fundamental principle of the World Trade Organization (WTO). This conflicts with the U.S. laws under Title IV of the Trade Act of 1974 that limits trade status with several nations undergoing accession into the WTO. On June 12, 2012, Sen. Max Baucus introduced a bill with bipartisan co-sponsorship to authorize PNTR for Russia. The report includes information about MFN status and the WTO, the Jackson-Vanik Amendment restricting trade, the case of China, and prospective WTO accessions.
The Jackson-Vanik Amendment and Candidate Countries for WTO Accession: Issues for Congress
This report gives an analysis of the unconditional most-favored-nation (MFN) status, or in U.S. statutory parlance, normal trade relations (NTR) status, which is a fundamental principle of the World Trade Organization (WTO). This conflicts with the U.S. laws under Title IV of the Trade Act of 1974 that limits trade status with several nations undergoing accession into the WTO. On June 12, 2012, Sen. Max Baucus introduced a bill with bipartisan co-sponsorship to authorize PNTR for Russia. The report includes information about MFN status and the WTO, the Jackson-Vanik Amendment restricting trade, the case of China, and prospective WTO accessions.
The Jackson-Vanik Amendment and Candidate Countries for WTO Accession: Issues for Congress
This report gives an analysis of the unconditional most-favored-nation (MFN) status, or in U.S. statutory parlance, normal trade relations (NTR) status, which is a fundamental principle of the World Trade Organization (WTO). This conflicts with the U.S. laws under Title IV of the Trade Act of 1974 that limits trade status with several nations undergoing accession into the WTO. On June 12, 2012, Sen. Max Baucus introduced a bill with bipartisan co-sponsorship to authorize PNTR for Russia. The report includes information about MFN status and the WTO, the Jackson-Vanik Amendment restricting trade, the case of China, and prospective WTO accessions.
China's Currency: Economic Issues and Options for U.S. Trade Policy
This report starts out by describing China's policy of pegging its currency to the U.S. dollar at an exchange rate of roughly 8.28 yuan to the dollar. As a result, the exchange rate between the yuan and the dollar basically stayed the same. The report discusses most significant events concerning China's currency policy and its impact on U.S. trade deficit.
Country-of-Origin Labeling for Foods and the WTO Trade Dispute on Meat Labeling
This report covers the dispute between the U.S with its neighbors, Canada and Mexico, who say that the recent country-of-origin labeling (COOL) system implemented by the U.S. Department of Agriculture is unfair and does not meet its original objectives. This dispute was brought before the WTO dispute panel and found to be valid. The report ends with a discussion of options for the U.S. in regards to modifying COOL to follow WTO rulings.
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.
The U.S.-Colombia Free Trade Agreement: Background and Issues
This report discusses the proposed U.S.-Colombia Free Trade Agreement (CFTA) signed November 22, 2006, which has not yet been approved by Congress. It includes an overview of the proposed CFTA and U.S.-Colombia trade, background on Colombia, issues for Congress to consider, Colombia's plan to improve labor rights, and the actions that Colombia has already taken to improve violence, labor, and human rights within the country.
The Jackson-Vanik Amendment and Candidate Countries for WTO Accession: Issues for Congress
This report gives an analysis of the unconditional most-favored-nation (MFN) status, or in U.S. statutory parlance, normal trade relations (NTR) status, which is a fundamental principle of the World Trade Organization (WTO). This conflicts with the U.S. laws under Title IV of the Trade Act of 1974 that limits trade status with several nations undergoing accession into the WTO. On June 12, 2012, Sen. Max Baucus introduced a bill with bipartisan co-sponsorship to authorize PNTR for Russia. The report includes information about MFN status and the WTO, the Jackson-Vanik Amendment restricting trade, the case of China, and prospective WTO accessions.
Domestic Content Restrictions: The Buy American Act and Complementary Provisions of Federal Law
This report provides an overview of the Buy American Act, Trade Agreements Act, Berry Amendment (including its former specialty metals provision), and Buy America Act, specifically highlighting the commonalities and differences among them. The report also lists other federal domestic content restrictions codified in the U.S. Code.
Trade Adjustment Assistance for Workers and the TAA Reauthorization Act of 2015
This report describes Trade Adjustment Assistance for Workers (TAA) as reauthorized by the Trade Adjustment Assistance Reauthorization Act of 2015.
Why Certain Trade Agreements Are Approved as Congressional-Executive Agreements Rather Than Treaties
This report briefly discusses the process used to enact U.S. trade agreements such as the North American Free Trade Agreement (NAFTA), World Trade Organization agreements, and bilateral free trade agreements (FTAs). In each case these agreements have been approved by majority vote of each house rather than by two-thirds vote of the Senate - that is, they have been treated as congressional-executive agreements rather than as treaties.
Transatlantic Trade and Investment Partnership (TTIP) Negotiations
This report provides: (1) context for the Transatlantic Trade and Investment Partnership (TTIP) negotiations; (2) analysis of possible trade and investment issues in the negotiations; and (3) discussion of issues for Congress. The U.S.-EU negotiations on TTIP are not public, however, the information and analysis in this report on issues in the negotiations are based on publicly-available information.
U.S. Customs and Border Protection: Trade Facilitation, Enforcement, and Security
This report describes and analyzes U.S. Customs and Border Protection's (CBP) role in the U.S. import process. (The report does not cover CBP's role in the U.S. export control system.)
U.S. Customs and Border Protection: Trade Facilitation, Enforcement, and Security
This report describes and analyzes U.S. Customs and Border Protection's (CBP) role in the U.S. import process. (The report does not cover CBP's role in the U.S. export control system.)
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).
Pending U.S. and EU Free Trade Agreements with South Korea: Possible Implications for Automobile and Other Manufacturing Industries
This report provides U.S. lawmakers with a comparison of the manufacturing components in the South Korea free trade agreement (KORUS) and the European Union and South Korea free trade agreement (KOREU FTA). Also included is a brief overview of the possible implications of the two pending FTAs on other selected industrial sectors affected by the FTAs: home appliances, consumer electronics, textiles and apparel, and pharmaceuticals and medical devices.
Intellectual Property Rights and International Trade
This report provides background on intellectual property rights (IPR) and discusses the role of U.S. international trade policy in enhancing IPR protection and enforcement abroad.
The North American Free Trade Agreement (NAFTA)
This report provides an overview of North American trade liberalization before NAFTA, an overview of NAFTA provisions, the economic effects of NAFTA, and policy considerations.