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OPEC and Non-OPEC Crude Oil Production Agreement: Compliance Status
This report discusses OPEC countries and 11 non-OPEC countries agreement starting in late 2016 to reduce oil production and the purposes and impact of the agreement.
U.S. Trade with Free Trade Agreement (FTA) Partners
This report presents data on U.S. merchandise (goods) trade with its Free Trade Agreement (FTA) partner countries. The data are presented to show bilateral trade balances for individual FTA partners and groups of countries representing such major agreements as the North America Free Trade Agreement (NAFTA) and the Central American Free Trade Agreement and Dominican Republic (CAFTA-DR) relative to total U.S. trade balances. This report also discusses the issues involved in using bilateral merchandise trade balances as a standard for measuring the economic effects of a particular FTA.
What's the Difference?: Comparing U.S. and Chinese Trade Data
This report examines the differences in the trade data from the two nations in two ways. First, it compares the trade figures using the Harmonized Commodity Description and Coding System (Harmonized System) to discern any patterns in the discrepancies between the U.S. and Chinese data. The second approach to examining the differing trade data involves a review of the existing literature on the technical and non-technical sources of the trade data discrepancies. This report is updated annually, after the release of official trade data by China and the United States.
The Economic Effects of Trade: Overview and Policy Challenges
This report focuses on a number of major issues concerning the role of trade and trade agreements in the economy and issues that are particular to Free Trade Agreements (FTA), including the role of trade in the economy and the macroeconomic forces that drive the trade deficit; the impact of trade on employment and the adjustment costs experienced by firms and workers; estimates of the number of jobs in the economy that are supported by trade and economic models used to estimate the impact of FTAs on employment; the impact of FTAs on foreign investment and employment; and the relationship between trade and the distribution of income.
Softwood Lumber Imports from Canada: Current Issues
This report discusses current issues and developments in "Lumber V", a dispute between Canada and the U.S. over the pricing and quantity of softwood lumber imports from Canada to the U.S., which has been a source of friction between the two countries for decades.
Trade Promotion Authority (TPA): Frequently Asked Questions
This report discusses the Trade Promotion Authority program which allows the President to request an expedited procedure for an international trade deal that meets certain requirements. The report answers a variety of frequently asked questions regarding TPA's functions and purpose and Congressional power over it.
China's Retaliatory Tariffs on Selected U.S. Agricultural Products
This report discusses China's retaliatory tariffs on many U.S. agricultural products in response to the U.S. tariffs on Chinese steel and aluminium imports.
U.S. Trade Deficit and the Impact of Changing Oil Prices
This report provides an estimate of the initial impact of changing oil prices on the United States's merchandise trade balance.
Nuclear Cooperation with Other Countries: A Primer
This report discusses the United States's nuclear cooperation with other countries and requirements for export agreements for civilian nuclear parts with other countries.
China--U.S. Trade Issues
This report provides background and analysis of U.S.-China commercial ties, including history, trends, issues, and outlook.
U.S. Trade Policy Primer: Frequently Asked Questions
This report addresses frequently asked questions regarding U.S. trade policy and is intended to assist Members and staff who may be new to trade issues. The report provides context for basic trade concepts and data on key U.S. trade and investment trends. It also addresses how U.S. trade policy is formulated and describes the trade and investment policy tools used to advance U.S. objectives. The report is divided into five sections: The basics of trade, U.S trade trends, formulation of U.S. trade policy, U.S. trade policy tools, and the link between international investment and trade.
Softwood Lumber Dispute Lumbers On: Preliminary Countervailing Duties on Canadian Softwood Lumber Announced, Parts 1 & 2
This report discusses countervaling duties which are charged on items entering the U.S. whose makers are supported by government subsidies in their country. Part 1 provides a general background on countervailing duties and the procedures that result in the imposition of these types of duties. Part II explores the Canadian softwood lumber dispute in more detail, providing a history of this thirty-year dispute and details about the status of the current countervailing duty investigation.
China's February 2017 Suspension of North Korean Coal Imports
This report discusses China's suspension of coal trade with North Korea for the remainder of 2017 which keeps China in compliance with an UN agreement to limit coal buying from North Korea that was implemented in November 2016 in response to continued nuclear tests by North Korea. Coal's value as an export to North Korea, China's trade with North Korea, quantities of coal and its value that was imported into China in 2016 and 2017, and possible reasons and implications for China's decision are discussed.
Presidential Permit Review for Cross-Border Pipelines and Electric Transmission
This report discusses the Presidential Permit review processes for cross-border energy infrastructure as implemented by these agencies: The Department of State for pipelines and similar facilities that transport liquids such as petroleum, petroleum products, and other hazardous liquids; The Federal Energy Regulatory Commission (FERC) for natural gas pipelines and associated facilities; and The Department of Energy (DOE) for electricity transmission lines and associated facilities. This report compares practices among these three agencies with respect to how they define a proposed project's scope (which dictates the array of associated impacts they will review), conduct environmental reviews, and make final decisions on permit applications. It also includes a discussion of recent efforts by Congress to change those permitting processes.
U.S.-U.K. Free Trade Agreement: Prospects and Issues for Congress
This report discuses the prospects of a free trade agreement between the U.K. and the U.S. after Brexit and potential issues that might be addressed in such an agreement. Congress's role in free trade agreements is also discussed.
Protection of Trade Secrets: Overview of Current Law and Legislation
This report provides an overview of existing federal, state, and international laws governing trade secret protection, describes the limitations of these legal regimes, and reviews pending legislation, the Defend Trade Secrets Act (S. 1890), that is intended to address such deficiencies.
Saudi Arabia: Background and U.S. Relations
This report discusses the kingdom of Saudi Arabia's relations with the United States; its stability, and its future trajectory are subjects of continuing congressional interest.
Arms Sales: Congressional Review Process
This report reviews the process and procedures that currently apply to congressional consideration of foreign arms sales proposed by the President. This includes consideration of proposals to sell major defense equipment, defense articles and services, or the re-transfer to third party states of such military items.
Export-Import Bank: Frequently Asked Questions
This report addresses frequently-asked questions about the Export-Import (Ex-Im) Bank, grouped in the following categories: congressional interest and the Ex-Im Bank reauthorization debate; market context; international context; organizational structure and management; programs; statutory requirements and policies; risk management; budget and appropriations; implications of a sunset in authority; and historical and current approaches to reauthorization.
U.S. Crude Oil Exports to International Destinations
This report discusses the export of crude oil produced in the United States and policy considerations in the wake of a provision contained in P.L. 114-113 which repealed a 40-year prohibition on the export.
U.S. Sugar Program Fundamentals
This report discusses the U.S. sugar program, which is singular among major agricultural commodity programs in that it combines a floor price guarantee with a supply management structure that encompasses both domestic production for human use and sugar imports.
High Frequency Trading: Overview of Recent Developments
This report provides background on various High-frequency trading (HFT) strategies and some associated policy issues, recent regulatory developments and selected enforcement actions by the SEC and Commodity Futures Trading Commission (CFTC), on HFT, and congressional action such as proposed legislation and hearings related to HFT.
High Frequency Trading: Overview of Recent Developments
This report provides background on various High-frequency trading (HFT) strategies and some associated policy issues, recent regulatory developments and selected enforcement actions by the SEC and Commodity Futures Trading Commission (CFTC), on HFT, and congressional action such as proposed legislation and hearings related to HFT.
Trade Adjustment Assistance for Workers: Reauthorization Proposals in the 114th Congress, In Brief
This report is designed to provide assistance in considering Trade Adjustment Assistance (TAA) for Workers reauthorization efforts in the 114th Congress. It begins with background information on TAA and a summary of recent legislation. It then presents a table that compares a recent reauthorization proposal with provisions in current and prior law.
Trade Promotion Authority (TPA) and the Role of Congress in Trade Policy
This report presents background and analysis on the development of Trade Promotion Authority (TPA), which expired on July 1, 2007. The report also includes a summary of the major provisions under the recently expired authority and a discussion of the issues that have arisen in the debate over TPA renewal, as well as policy options available to Congress.
2014 Farm Bill Provisions and WTO Compliance
This report briefly describes the relevant World Trade Organization (WTO) rules governing domestic support programs under the Agreement on Agriculture (AoA) and the Agreement on Subsidies and Countervailing Measures (SCM). The report then reviews the current U.S. farm safety net programs in light of their potential for compliance with the AoA and SCM and their potential to affect the success of the current Doha Round of multilateral trade negotiations.
African Growth and Opportunity Act (AGOA)
This report provides a summary of the African Growth and Opportunity Act (AGOA). The report covers the key aspects, U.S. imports under the AGOA, and the debate on whether or not it should be renewed.
An Analysis of the Regulatory Burden on Small Banks
This report explains the concept of regulatory burden and the different ways it can be manifested. It analyzes whether small banks are relatively more burdened by regulation than big banks. To help answer that question, the report looks at the relative treatment of small and large banks in recent major regulatory proposals.
U.S. Sugar Program Fundamentals
From Summary: This report outlines four different tools the United States Department of Agriculture uses to keep domestic market prices above guaranteed levels.
Generalized System of Preferences: Background and Renewal Debate
No Description Available.
Agriculture in the WTO: Rules and Limits on Domestic Support
This report provides a brief overview of the World Trade Organization (WTO) commitments most relevant for U.S. domestic farm policy. The report discusses a key question that policy makers ask of virtually every new farm proposal is, how will it affect U.S. commitments under the WTO? The answer depends not only on cost, but also on the proposal's design and objectives, as described below.
Trade Promotion Authority (TPA): Frequently Asked Questions
This report addresses a number of frequently asked questions regarding the reauthorization of the Trade Promotion Authority and pending legislation.
U.S.-Mexico Economic Relations: Trends, Issues, and Implications
This report provides an overview of U.S.-Mexico trade and economic trends, the Mexican economy, the effects of the North American Free Trade Agreement (NAFTA), and major trade issues between the United States and Mexico.
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. It will be updated as events warrant.
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.
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.
Commerce, Justice, Science, and Related Agencies Appropriations (CJS): Trade-Related Agencies
This report tracks and describes actions taken by the Administration and Congress to provide FY2016 appropriations for the International Trade Administration(ITA) of the U.S. Department of Commerce, the U.S. International Trade Commission (USITC), and the Office of the United States Trade Representative.
Conflict Minerals and Resource Extraction: Dodd-Frank, SEC Regulations, and Legal Challenges
This report discusses the two sections of the Dodd-Frank Wall Street Reform and Protection Act (Dodd-Frank) that require the Securities and Exchange Commission (SEC or Commission) to issue regulations to make public the involvement of U.S. companies in conflict minerals and in resource extraction payments.
The U.S. Wine Industry and Selected Trade Issues with the European Union
This report provides an overview of issues pertaining to the U.S. wine industry within ongoing U.S. trade negotiations in the proposed Trans-Pacific Partnership (TPP) and the proposed Transatlantic Trade and Investment Partnership (T-TIP).
NAFTA at 20: Overview and Trade Effects
This report provides andoverview of North American Free Trade Agreement provisions and discusses trade trends and economic effects, as well other issues for Congress.
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 Promotion Authority (TPA): Frequently Asked Questions
This report provides background information Trade Promotion Authority (TPA), and discusses U.S. trade negotiating objectives, procedures for congressional-executive notification and consultation, and expedited legislative procedures.
U.S.-Vietnam Economic and Trade Relations: Issues for the 113th Congress
This report examines the bilateral trade issues between United States and Vietnam, discussing their main elements and exploring their potential implications for the 113th Congress.
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.
U.S. International Investment Agreements: Issues for Congress
This report provides an overview of U.S. international investment agreements, focusing specifically on bilateral investment treaties (BITs) and investment chapters in free trade agreements (FTAs). It discusses key trends in U.S. and international investment flows, governance structures for investment at the bilateral and multilateral levels, the goals and basic components of investment provisions in U.S. international investment agreements, the outcomes of the Administration's Model BIT review, and key policy issues for Congress.
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.
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.
International Trade and Finance: Key Policy Issues for the 113th Congress
This report discusses a variety of issues faced by the 113th Congress. Topics include trade negotiations with China, export controls and sanctions, import policies, intellectual property rights, international investments and international financial institutions.
The Trans-Pacific Partnership Negotiations and Issues for Congress
This report examines the issues related to the proposed Trans-Pacific Partnership (TPP), the state and substance of the negotiations (to the degree that the information is publically available), the specific areas under negotiation, the policy and economic contexts in which the TPP would fit, and the issues for Congress that the TPP presents.
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.
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