Congressional Research Service Reports - 5 Matching Results

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TPP Countries Near Agreement without U.S. Participation

Description: This report discuses the negotiations between the signatory countries of the Trans-Pacific Partnership (TPP) after the U.S. withdrawal in January 2017 and possible effects of the implementation of an agreement without the U.S. on the U.S. economy and their image in Asia.
Date: November 20, 2017
Creator: Fergusson, Ian F. & Williams, Brock R.
Partner: UNT Libraries Government Documents Department

Generalized System of Preferences: Overview and Issues for Congress

Description: This report discusses the U.S. Generalized System of Preferences (GSP) program which provides non-reciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs). This report examines, first, recent legislative developments, along with a brief history, economic rationale, and legal background leading to the establishment of the GSP. Second, the report describes U.S. GSP implementation. Third, the report briefly analyzes of the U.S. program's effectiveness and stakeholders' views, and discusses possible options for Congress in renewing the program for fiscal year 2018.
Date: November 14, 2017
Creator: Jones, Vivian C.
Partner: UNT Libraries Government Documents Department

Trade Promotion Authority (TPA): Frequently Asked Questions

Description: This report answers frequently asked questions regarding the Trade Promotion Authority (TPA) program which requires international trade agreements that reduce tariff or non-tariff barriers to trade in ways that require changes in U.S. law, to be implemented only through the enactment of legislation. If the trade agreement and the process of negotiating it meet certain requirements, TPA allows Congress to consider the required implementing bill under expedited procedures, pursuant to which the bill may come to the floor without action by the leadership, and can receive a guaranteed up-or-down vote with no amendments.
Date: November 14, 2017
Creator: Fergusson, Ian F. & Davis, Christopher M.
Partner: UNT Libraries Government Documents Department

Potential Effects of a U.S. NAFTA Withdrawal: Agricultural Markets

Description: This report examines some of the potential consequences to U.S. agricultural markets of a U.S. withdrawal from NAFTA, focusing on the possibility that higher tariffs could be imposed on U.S. imports and exports. In particular, under a NAFTA withdrawal, it is likely that most-favored nation (MFN) tariffs would be imposed on agricultural products traded among the NAFTA countries instead of the current zero tariff (i.e., duty-free trade) for most agricultural products. In general, MFN tariffs on U.S. agricultural imports would likely raise prices both to U.S. consumers and other end users, such as manufacturers of value-added food products.
Date: November 13, 2017
Creator: Johnson, Renée
Partner: UNT Libraries Government Documents Department