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What's the Difference?--Comparing U.S. and Chinese Trade Data
This report provides a comparison of U.S. and Chinese trade data. U.S. trade with the People's Republic of China (China) is becoming increasingly contentious as the U.S. bilateral trade deficit rises. Debate over this trade deficit is hampered because of disagreement between the two countries on how large the deficit actually is. According to official U.S. figures, China has surpassed Canada as the largest supplier of U.S. imports.
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.
Agriculture in Pending U.S. Free Trade Agreements with Colombia, Panama, and South Korea
The 111th Congress in coming months might take up free trade agreements (FTAs) signed by the Bush Administration with Colombia, Panama, and South Korea under trade promotion authority, or fast-track rules, designed to expedite congressional consideration of these agreements. Accordingly, agriculture as covered in each pending trade agreement is examined in this report in the order that Congress likely will take up these agreements, based upon statements made to date by Obama Administration officials and Members of Congress.
The Export Administration Act: Evolution, Provisions, and Debate
This report discusses the Export Administration Act (EAA) in terms of its evolution in the 20th century, its major features including the types of controls authorized by the act, the Commerce Control List and export licensing procedures, and issues concerning the maintenance of export controls under the International Emergency Economic Powers Act (IEEPA). It then highlights several controlled commodities that have been featured prominently in export control discussions. Finally, it discusses competing business and national security perspectives concerning several of more contentious themes in the export control debate: the controllability of technology, the effectiveness of multilateral control regimes, the organization of the export control system, and the impact of export controls on the U.S. economy and business.
What's the Difference?--Comparing U.S. and Chinese Trade Data
The size of the U.S. bilateral trade deficit with China has been and continues to be an important issue in bilateral trade relations. Some Members of Congress view the deficit as a sign of unfair economic policies in China, and have introduced legislation seeking to redress the perceived competitive disadvantage China's policies have created for U.S. exporters. This paper examines the differences in the trade data from the two nations.
The Export Administration Act: Evolution, Provisions, and Debate
This report discusses the Export Administration Act in terms of its evolution in the 20th century, its major features including the types of controls authorized by the act, the Commerce Control List and export licensing procedures, and issues concerning the maintenance of export controls under IEEPA.
U.S. Trade Deficit and the Impact of Changing Oil Prices
This report provides an estimate of the initial impact of the changing oil prices on the nation's merchandise trade deficit.
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.
Trade Adjustment Assistance for Firms: Economic, Program, and Policy Issues
This report discusses the trade adjustment assistance (TAA) for Firms program, which provides technical assistance to trade-affected firms to help them develop strategies to remain competitive in the changing international economy.
Free Trade Agreements: Impact on U.S. Trade and Implications for U.S. Trade Policy
The report is about the Impact on U.S. Trade and Implications for U.S. Trade Policy. The economic impact of FTAs and Relevant Legislation. United States has proposed to engage in negotiations to establish bilateral and free trade agreements with a number of trading partners.
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.
U.S. Foreign Trade in Services: Definition, Patterns and Policy Challenges
This report provides background information and analysis on U.S. foreign trade in services. It includes an examination of definitions and examples of services to indicate their nature and scope; a review of the importance of services to the U.S. economy including U.S. foreign trade; and an analysis of the policy challenges that confront the United States, especially the challenge of negotiating a set of international rules on trade in services and the challenge of resolving disputes over trade in services with trading partners.
The Proposed U.S.-Panama Free Trade Agreement
This report discusses the free trade agreement (FTA) that the United States and Panama signed on June 28, 2007. While Panama's government ratified the FTA in July 2007, Congress has not yet implemented ratification legislation.
The Proposed U.S.-Panama Free Trade Agreement
This report discusses the free trade agreement (FTA) that the United States and Panama signed on June 28, 2007. While Panama's government ratified the FTA in July 2007, Congress has not yet implemented ratification legislation.
Financing the U.S. Trade Deficit: Role of Foreign Governments
The nation's trade deficit is equal to the imbalance between national investment and national saving. The financial turmoil and economic contraction during 2008 reduced the gap between national saving and investment. The result was a decline in the trade deficit and the net inflow of capital. If total net capital inflows decline, mainstream economics suggests, all else held constant, that the dollar and trade deficit would decline, U.S. interest rates would rise, and U.S. spending on capital goods and consumer durables would fall, all else equal.
Trade Agreements: Impact on the U.S. Economy
This report examines the major features of economic models being used to estimate the effects of trade agreements. It assesses the strengths and weaknesses of the models as an aid in helping Congress evaluate the economic impact of trade agreements on the U.S. economy.
U.S. Trade Deficit and the Impact of Changing Oil Prices
Petroleum prices rose sharply in the first half of 2008, at one time reaching more than $140 per barrel of crude oil. This report provides an estimate of the initial impact of the changing oil prices on the nation’s merchandise trade deficit.
Proposed Colombia Free Trade Agreement: Labor Issues
This report examines three labor issues and arguments related to the pending U.S.-Colombia free trade agreement (CFTA, H.R. 5724): violence against trade unionists; impunity (accountability for or punishment of the perpetrators); and worker rights protections for Colombians.
U.S. Trade Deficit and the Impact of Changing Oil Prices
This report provides an estimate of the initial impact of the changing oil prices on the nation's merchandise trade balance.
U.S. Trade Deficit and the Impact of Changing Oil Prices
This report provides an estimate of the initial impact of the changing oil prices on the nation's merchandise trade balance.
Afghanistan and Pakistan Reconstruction Opportunity Zones (ROZs), H.R. 1318/H.R. 1886/H.R. 2410 and S. 496: Issues and Arguments
This report discusses proposed legislation that would establish a unilateral U.S. trade preference program for Afghanistan and parts of Pakistan. The legislation would permit certain goods produced in designated geographic areas called Reconstruction Opportunity Zones (ROZs) to be imported into the United States duty-free.
Intellectual Property Rights and Access to Medicines: International Trade Issues
This report focuses on the relationship between intellectual property right (IPR) provisions in international and U.S. trade policy and access to medicines. This issue represents one component of a broader debate about the relationship between trade policy and public health.
North American Free Trade Agreement (NAFTA) Implementation: The Future of Commercial Trucking Across the Mexican Border
This report discusses the implementation of trucking provisions set forth by NAFTA that would have opened the border states to cross-border trucking competition in 1995 and all of North America in 2000. The full implementation of the provisions has been stalled because of concern with the safety of Mexican trucks.
U.S. International Trade: Trends and Forecasts
This report provides an overview of the current status, trends, and forecasts for U.S. import and export flows as well as certain balances. The purpose of this report is to provide current data and brief explanations for the various types of trade flows along with a brief discussion of trends that may require attention or point to the need for policy changes.
Financing the U.S. Trade Deficit: Role of Foreign Governments
This report provides an overview of the role of foreign governments on financing the U.S. trade deficit.
Health and Safety Concerns Over U.S. Imports of Chinese Products: An Overview
This report provides an overview of concerns about the health, safety, and quality of imported Chinese products, and implications for U.S.-China trade relations.
Export-Import Bank: Background and Legislative Issues
This report discusses the Export-Import Bank (Ex-In Bank), the chief U.S. government agency that helps finance American exports of manufactured goods and services with the objective of contributing to the employment of U.S. workers. This report discusses the Bank's budget and related legislation, including the Omnibus Appropriations Act of 2009, signed by President Barack Obama and authorizing spending limitations for the Bank.
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.
Transatlantic Regulatory Cooperation: A Possible Role for Congress
This report provides background and analysis on the TEC process, the role of the Congress, and the TLD.
Globalized Supply Chains and U.S. Policy
This report discusses the challenges and opportunities raised by the globalized world of business, in which production becomes fragmented into discrete activities that can be spread geographically within and across national borders while remaining integrated organizationally within a multinational company or network of companies. Such globalized production networks are called supply chains or value-added networks.
U.S. Trade Policy and the Caribbean: From Trade Preferences to Free Trade Agreements
This report reviews unilateral preference programs for the Caribbean, discusses how they have been affected by FTAs in the region, and considers trade policy options for dealing with countries still relying on trade preferences and that may be considering whether to negotiate an FTA with the United States.
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 111th Congress, and the relationship between the Obama Administration and Mexico.
U.S. Arms Sales: Agreements with and Deliveries to Major Clients
This report provides background data on United States arms sales agreements with and deliveries to its major purchasers during calendar years 2001-2008, made through the U.S. Foreign Military Sales (FMS) program.
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.
U.S.-Mexico Economic Relations: Trends, Issues, and Implications
This report provides an overview of U.S.-Mexico economic relations, trade trends, the Mexican economy, NAFTA, and trade issues between the United States and Mexico.
The Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR)
This report discusses negotiation issues and evolution of the CAFTA-DR agreement from the time negotiations commenced on January 27, 2003 until its implementation by the last country on January 1, 2009.
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 Berry Amendment: Requiring Defense Procurement to Come from Domestic Sources
This report examines the original intent and purpose of the Berry Amendment and legislative proposals to amend the application of domestic source restrictions, as well as options for Congress.
The Global Economic Downturn and Protectionism
This report develops three scenarios to approximate different dimensions of the relationship between the global economic downturn and protectionism. The scenarios are not predictions, but descriptions of how and why pressures for protection could be manifested and transmitted under different circumstances and assumptions.
The Global Economic Downturn and Protectionism
This report develops three scenarios to approximate different dimensions of the relationship between the global economic downturn and protectionism. The scenarios are not predictions, but descriptions of how and why pressures for protection could be manifested and transmitted under different circumstances and assumptions.
Bahrain: Reform, Security, and U.S. Policy
This report discusses the current state of Bahrain, which has undergone substantial political reforms since the late 1990s, but which still suffers from tension between the Shiite majority and the Sunni-led government. This report focuses particularly on Bahrain's relationship with Iran and Bahrain's relationship with the United States.
Bahrain: Reform, Security, and U.S. Policy
This report discusses the current state of Bahrain, which has undergone substantial political reforms since the late 1990s, but which still suffers from tension between the Shiite majority and the Sunni-led government. This report focuses particularly on Bahrain's relationship with Iran and Bahrain's relationship with the United States.
U.S. - EU Poultry Dispute
This report discusses the European Union (EU) refusal to accept U.S. imports of poultry treated with antimicrobial rinses. Prior to 1997, when the prohibition took effect, U.S. exports of broiler and turkey meat to the 15 countries that then constituted the EU were reported to total nearly 32,000 MT with a value of $44.4 million.
Burma: Economic Sanctions
This report provides background information on existing economic sanctions against Burma and possible options to expand sanctions.
The Haitian Economy and the HOPE Act
This report discusses the HOPE Act as it relates to the Haitian economy and U.S. trade policy. In providing preferential access to Haitian apparel imports, the HOPE Act, as amended, gives Haitian firms a competitive (price) advantage over other foreign producers who must pay U.S. duties on apparel exports made from yarns and fabrics supplied by non-regional (e.g., Asian) producers.
The G-20 and International Economic Cooperation: Background and Implications for Congress
This report discusses the background of the G-20 (an international forum for discussing and coordinating economic policies) and some of the issues that it has addressed. It includes historic background on the work of the G-20, information about how the group operates, overviews of G-20 summits, major issues that the group is likely to address and the likely effectiveness of the G-20 in the near future.
The Committee on Foreign Investment in the United States (CFIUS)
This report covers the background and recent history on the Committee on Foreign Investment in the United States (CFIUS). This committee has recently emerged from obscurity due to concerns involving foreign investments in U.S. companies and national security.
Foreign Investment, CFIUS, and Homeland Security: An Overview
This report gives a brief overview of P.L. 110-49, the Foreign Investment and National Security Act of 2007. This law broadens Congress's oversight role in formulating the scope and direction of U.S. foreign investment policy. It also explicitly includes the areas of homeland security and critical infrastructure as separately-identifiable components of national security that the President must consider when evaluating the implications of a foreign investment transaction.
The Iran Sanctions Act (ISA)
This report discusses the increasing international pressure on Iran to curb its nuclear program and how that pressure discourages foreign firms from investing in Iran's energy sector, hindering Iran's efforts to expand oil production. This report discusses the history and progress of the formal U.S. effort to curb energy investment in Iran, which began with the Iran Sanctions Act (ISA) in 1996. This report also discusses U.S. concerns that other nations, e.g., U.S. allies, Russia, and China, are not as strict with their economic sanctions against Iran, and how U.S. policymakers are combating this reticence with various pieces of legislation.
Implications of Reactivating the Dairy Export Incentive Program (DEIP)
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