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Agricultural Trade Issues in the 106th Congress

Description: Agricultural interests have been following trade policy developments against a backdrop of weak foreign demand and large world supplies of agricultural products. 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. USDA forecasts agricultural exports at $50.5 billion in FY2000 and $51.5 billion in FY2001. However, the projected agricultural trade surpluses for those years, of $11.5 billion an… more
Date: November 27, 2000
Creator: Becker, Geoffrey S.; Hanrahan, Charles E. & Jurenas, Remy
Partner: UNT Libraries Government Documents Department
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Agriculture and Fast Track Trade Legislation

Description: The 107th Congress is expected to consider new "fast track" (or, Presidential trade promotion) authority, which could enable the Administration to submit trade agreements negotiated with foreign countries to Congress for consideration under expedited procedures. Many agricultural and food industry interests are among the export-oriented enterprises that support fast track authority, arguing that foreign trading partners will not seriously negotiate with an Administration that lacks it. However,… more
Date: March 27, 2001
Creator: Becker, Geoffrey S. & Hanrahan, Charles E.
Partner: UNT Libraries Government Documents Department
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The Federal Reserve's Arrangement for Emergency Loans to Japanese Banks

Description: The U.S. Federal Reserve reportedly has an arrangement with the Bank of Japan to provide emergency loans to Japanese banks operating overseas in exchange for U.S. Treasury securities. The collateralized loans would be extended on short notice for banks facing emergency liquidity needs. The purpose of the arrangement is to forestall the possible sale by Japanese banks of large amounts of U.S. Government securities (thereby raising U.S. interest rates) and to boost confidence in Japan's financi… more
Date: December 27, 1995
Creator: Nanto, Dick K.
Partner: UNT Libraries Government Documents Department
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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 prote… more
Date: December 27, 2001
Creator: Morrison, Wayne M.
Partner: UNT Libraries Government Documents Department
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Foreign Affairs, Defense, and Trade Policy: Key Issues in the 107th Congress

Description: Among the 107th Congress' first orders of business will be dealing with the initiatives-both domestic and foreign policy-proposed by President Bush throughout his presidential campaign. This report contains information on those orders of business including U.S. foreign and security policy, global issues, defense policy, and more.
Date: February 27, 2001
Creator: Grasso, Valerie Bailey & Epstein, Susan B.
Partner: UNT Libraries Government Documents Department
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The GATT and the WTO: An Overview

Description: Under the auspices of the General Agreement on Tariffs and Trade (GATT), eight rounds of trade negotiations lowered tariffs of developed countries to an average 3.9 percent. New areas, such as services, intellectual property rights, agriculture, and textiles and apparel, were brought under the discipline of the GATT for the first time in the Uruguay Round. The World Trade Organization (WTO), a permanent entity agreed on during the Uruguay Round, went into effect January 1, 1995. Multilateral tr… more
Date: March 27, 1995
Creator: Wilson, Arlene
Partner: UNT Libraries Government Documents Department
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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 … more
Date: June 27, 2003
Creator: Jurenas, Remy
Partner: UNT Libraries Government Documents Department
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China: Possible Missile Technology Transfers from U.S. Satellite Export Policy - Actions and Chronology

Description: This CRS Report discusses security concerns, significant congressional and administration action, and a comprehensive chronology pertaining to satellite exports to the PRC. The report discusses issues for U.S. foreign and security policy (including that on China and weapons nonproliferation), such as: What are the benefits and costs of satellite exports to China for U.S. economic and security interests? Should the United States continue, change, or cease the policy in place since the Reagan Adm… more
Date: March 27, 2003
Creator: Kan, Shirley A.
Partner: UNT Libraries Government Documents Department
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The European Community - Japan Automobile Agreement

Description: The European Community (EC) and Japan reached an agreement on trade in automobiles in July 1991. The agreement restricts exports of automobiles from Japan to the EC to 1.23 million cars per year until the end of 1999. The Commission of the European Communities estimates that Japanese transplant production in the EC will amount to 1.2 million cars per year in 1999. The Japanese appear to concur with this estimate but do not agree that it constitutes a cap on transplant investment or production. … more
Date: January 27, 1992
Creator: Harrison, Glennon J.
Partner: UNT Libraries Government Documents Department
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Export Administration Legislation

Description: This report discusses briefly the major export control provisions that existed under EAA-1979 and the current authorities for regulating exports. It then summarizes the major export control provisions of the proposed EAA-1996 and discusses some aspects of the bill that may be debated in Congress and the press. Highlighted are implications for nonproliferation policy, for national security and foreign policy, and for business; other topics covered are foreign boycott provisions, criminal and civ… more
Date: August 27, 1996
Creator: Harrison, Glennon J.; Shuey, Robert; Bowman, Steven R.; Grimmett, Jeanne J. & Davis, Zachary S.
Partner: UNT Libraries Government Documents Department
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Maquiladoras and NAFTA: The Economics of U.S.-Mexico Production Sharing and Trade

Description: Debate continues over the benefits of U.S. trade with Mexico, the North American Free Trade Agreement (NAFTA), and particularly maquiladoras, or cross-border production sharing plants. Maquiladoras generate a large portion of U.S.-Mexico trade, yet the economic effects are not widely understood. Many believe there is no benefit to such trade because it leads to the loss of U.S. jobs, production, and wages. Maquiladora products, however, have a high U.S. content that in addition to fostering pro… more
Date: January 27, 1998
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department
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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 … more
Date: June 27, 2003
Creator: Pregelj, Vladimir N.
Partner: UNT Libraries Government Documents Department
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Trade Remedy Law Reform in the 107th Congress

Description: Trade remedies are government measures to minimize the adverse impact of imports on domestic industries. Antidumping duties are used to counter the effects of importssold at unfairly low prices on the domestic market. Countervailing duties are used to counter the price effects of imports that benefit from government subsidies in the exporting countries. Safeguard remedies (also called Section 201 and escape clause remedies) are used to reduce the injurious impact of surges in fairly trade impor… more
Date: September 27, 2002
Creator: Cooper, William H.
Partner: UNT Libraries Government Documents Department
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Trade, Trade Barriers, and Trade Deficits: Implications for U.S. Economic Welfare

Description: This report provides an overview of the economics of international trade that may be helpful for consideration of many recurring international economic policy issues. It is intended as a general explanation of mainstream economic principles that may be considered in gauging the economic significance of trade issues as well as the trade-offs inherent in many policy choices. A fundamental tenet of economics is that international trade is a means to a higher standard of living for all trading nati… more
Date: January 27, 2005
Creator: Elwell, Craig K.
Partner: UNT Libraries Government Documents Department
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Voting on NTR for China Again in 2001, and Past Congressional Decisions

Description: Since 1990, Congress has faced an annual, contentious decision on whether, and under what conditions, to renew normal trade relations (NTR) status with China for another year. This annual exercise occurred because under U.S. law, China's NTR status is temporary, and the President has to recommend its renewal each year by June 3. In 2000, the 106th Congress considered and passed H.R. 4444, which would eliminate the annual NTR renewal process and grant permanent NTR to China. The President signed… more
Date: April 27, 2001
Creator: Dumbaugh, Kerry
Partner: UNT Libraries Government Documents Department
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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 negotiating groups completed a draft agreement in January 2001, which was presented at the third Summit of the Americas held in Quebec City on April 20-22, 2001. President Bush expressed strong support for the FTAA and concrete progress has been made in moving it forward. Yet, differences in pri… more
Date: March 27, 2002
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department
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