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Emerging Markets: Is Slower Growth Temporary?
This report discusses the growing vulnerabilities Emerging market (EM) countries are facing due to declining global trade, depreciating currencies, sharply lower commodity prices, volatile equity markets, and deeper economic reforms.
The World Trade Organization Agreement on Technical Barriers to Trade and Recent Food Labeling Cases
This report briefly describes the regulatory programs at issue in the two World Trade Organization (WTO) dispute before analyzing how the WTO's Appellate Body applied Article 2.1 of the TBT Agreement in U.S. -COOL and U.S. -Tuna II. The report takes an in-depth look at the test established by the Appellate Body for determining whether a measure is impermissibly discriminatory. Finally, the report provides a brief description of how the United States amended these programs in response to the WTO decisions, and explains why subsequent WTO rulings found that the amended programs still failed to comply with international trade obligations.
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.
Powering Africa: Challenges of and U.S. Aid for Electrification in Africa
This report discusses the Power Africa initiative; policy problems and challenges related to power sector development in Africa; long-term perspectives on energy poverty, need, and future development; and raises some possible oversight questions and issues for Congress.
The United Arab Emirates (UAE): Issues for U.S. Policy
This report discusses various issues regarding politics and government, foreign policy, and counter-terrorism in the United Arab Emirates (UAE). The UAE has been a significant U.S. partner in Gulf security for more than two decades, and the alliance has deepened further in recent years in order to address multiple regional threats.
The United Arab Emirates (UAE): Issues for U.S. Policy
This report discusses the current political and economic landscape of the United Arab Emirates (UAE) and its relationship with the U.S. The UAE has been a significant U.S. partner in Gulf security for more than two decades, and the alliance has deepened further in recent years in order to address multiple regional threats.
China's Economic Rise: History, Trends, Challenges, and Implications for the United States
This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
Saudi Arabia: Background and U.S. Relations
This report discusses the current state of the kingdom of Saudi Arabia, its relationship with the United States, and future initiatives to further develop U.S.-Saudi relations. The kingdom of Saudi Arabia, ruled by the Al Saud family since its founding in 1932, wields significant global political and economic influence. Close U.S.-Saudi official relations have survived a series of challenges since the 1940s, and, in recent years, shared concerns over Sunni Islamist extremist terrorism and Iranian regional ambitions have provided a renewed logic for continued strategic cooperation.
U.S. Catfish Industry and Foreign Trade: A Fact Sheet
This report is a fact sheet on the U.S. catfish industry and foreign trade.
The International Labor Organization (ILO): Background in Brief
This report discusses the International Labor Organization (ILO), and describes the ILO's mission, structure, and functions; presents case studies on how the ILO offers assistance to countries in promoting worker rights; and identifies issues for Congress.
Softwood Lumber Imports From Canada: Current Issues
This report examines the status and current issues surrounding Canadian softwood lumber imports since 2006. After providing background information on what constitutes softwood lumber, the stakeholders in the dispute, and the history of the dispute, the report introduces the 2006 SLA and analyzes its impacts on the U.S. lumber industry as well as on the trade relationship between the United States and Canada. Finally, the report discusses the potential issues Congress may consider when the agreement expires in 2015.
Brazil: Background and U.S. Relations
This report discusses the current political and economic situation in Brazil, and examines the U.S.'s commercial relationship with the country. The United States traditionally has enjoyed robust economic and political relations with Brazil, which is the seventh-largest economy in the world and is recognized by the Obama Administration as a "major global player" and an "indispensable partner" on issues ranging from international development to climate change.
Generalized System of Preferences: Background and Renewal Debate
This report presents recent developments and a brief history of the U.S. Generalized System of Preferences (GSP), which provides non-reciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs). It discusses the economic rationale and legal background leading to the establishment of the GSP and the U.S. implementation of the GSP. The report also presents an analysis of the U.S. program's effectiveness and the positions of various stakeholders, as well as the implications of the expiration of the U.S. program and possible options for Congress.
Iran, Gulf Security, and U.S. Policy
This report discusses issues regarding Iran's political history and structure. It also takes a look at economic and defense policy responses for Congress, specifically focusing on Iran's nuclear capabilities.
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.
Agricultural Biotechnology: Background, Regulation, and Policy Issues
This report discusses the ethical and political issues surrounding contemporary biotechnology. Driving the discussion are inventions such as genetically engineered (GE) crops, which have increased from 3.6 million acres to 143 million acres in the United States. The report also raises concerns about regulations and the adequacy of environmental assessments.
Expansion of WTO Information Technology Agreement Targets December Conclusion
This report discusses the World Trade Organization (WTO) expansion and agreement to expand the Information Technology Agreement (ITA) and eliminate tariffs on 201 goods not included in the original 1996 ITA.
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.
Financing the U.S. Trade Deficit
This report provides an overview of the U.S. balance of payments, an explanation of the broader role of capital flows in the U.S. economy, an explanation of how the country finances its trade deficit or a trade surplus, and the implications for Congress and the country of the large inflows of capital from abroad.
China-U.S. Trade Issues
This report mainly focuses on China-U.S. Trade Issues. China-U.S. ties have been substantially expanded over the past three decades. U.S imports from China have risen much more rapidly than the U.S exports to China.
U.S.-Taiwan Trade Relations
This report discusses the U.S. - Taiwan relations. U.S. trade data indicate that in 2014, Taiwan was the United States’ 10th largest merchandise trading partner (at $67.4 billion), 14th largest export market ($26.8 billion), and 12th largest source of imports ($40.6 billion).
The European Union and China
On June 29, 2015 the European Union and the People's Republic of China held their 17th annual leader's summit in Brussels. The summit also commemorated the 40th anniversary of the establishment of formal relations between what is now the EU and China. This report contains information on the background, political dimension, economic dimension, and more related to this summit.
Trans-Pacific Partnership (TPP) Countries: Comparative Trade and Economic Analysis
This report provides a comparative economic analysis of the Trans-Pacific Partnership (TPP) countries and their economic relations with the United States. TPP negotiating partners encompass great diversity in population, economic development, and trade and investment patterns with the United States.
Trade Promotion Authority (TPA): Frequently Asked Questions
The issue of TPA reauthorization raises a number of questions regarding TPA itself and the pending legislation. This report addresses a number of those questions that are frequently asked, including the following: What is trade promotion authority? Is TPA necessary? What are trade negotiating objectives and how are they reflected in TPA statutes? What requirements does Congress impose on the President under TPA? Does TPA affect congressional authority on trade policy?
Ex-Im Bank's General Statutory Authority Expires
This report discusses the Export-Import Bank (Ex-Im Bank), a wholly owned federal government corporation which seeks to provide direct loans, loan guarantees, and export credit insurance to: (1) support exports that the private sector is unwilling or unable to finance alone at commercially viable terms; and/or (2) counter government-backed financing offered by foreign countries through their export credit agency (ECA).
Economic Crisis in Greece
This report briefly discusses the current economic situation in Greece. Questions about whether Greece will stay in the Eurozone have resurfaced, as the government's stalemate with the International Monetary Fund (IMF) and Eurozone creditors has reached a critical point.
The United Arab Emirates (UAE): Issues for U.S. Policy
This report discusses the open economy and society of the United Arab Emirates (UAE), provides a general description of the UAE's government and political structure, and outlines the effects of the recent global economic downturn on the UAE in general and on the city of Dubai in particular. It also describes U.S. concern over the proliferation of advanced technology in relation to a recently-signed U.S.-UAE civilian nuclear agreement, due to the UAE economy and the UAE's lax export controls.
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), a summary of the major provisions under the expired authority, and a discussion of the issues that have arisen in the debate over Trade Promotion Authority (TPA) renewal. It also explores some of the policy options available to Congress.
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.
China's Economic Rise: History, Trends, Challenges, and Implications for the United States
This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise for the United States.
Agriculture Issues in U.S.-EU Trade Negotiations
This report briefly discusses the Transatlantic Trade and Investment Partnership (T-TIP) between the U.S. and the European Union (EU). The report also briefly notes the use of agricultural biotechnology.
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.
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.
Financing the U.S. Trade Deficit
This report provides an overview of the U.S. balance of payments, an explanation of the broader role of capital flows in the U.S. economy, an explanation of how the country finances its trade deficit or a trade surplus, and the implications for Congress and the country of the large inflows of capital from abroad.
Arab League Boycott of Israel
This report briefly discusses the Arab League's boycott of Israeli companies and Israeli-made goods since Israel's founding in 1948, as well as U.S. efforts to end the boycott and prevent U.S. firms in participating in the boycott.
Cuba Sanctions: Legislative Restrictions Limiting the Normalization of Relations
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. 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.
Environmental Provisions in Free Trade Agreements (FTAs)
No Description Available.
Iran, Gulf Security, and U.S. Policy
This report discusses issues regarding Iran's political history and structure. It also takes a look at economic and defense policy responses for Congress.
Trade Promotion Authority (TPA) and the Role of Congress in Trade Policy
This report presents background and analysis on the development of TPA, a summary of the major provisions under the expired authority, and a discussion of the issues that have arisen in the debate over TPA renewal. It also explores some of the policy options available to Congress.
Trade Promotion Authority (TPA): Frequently Asked Questions
The issue of Trade Promotion Authority ("TPA") reauthorization raises a number of questions regarding TPA itself and the pending legislation. This report addresses a number of those questions that are frequently asked.
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.
Iran, Gulf Security, and U.S. Policy
This report discusses issues regarding Iran's political history and structure. It also takes a look at economic and defense policy responses for Congress.
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 first section of the report describes the three overarching goals of U.S. import policy and the tension among them. Second, the report summarizes recent legislative developments and provides a legislative history of customs laws, followed by an overview of the U.S. import process as it operates today. Third, the import process and CBP's role in it are discussed.
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.
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.
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