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Agriculture in U.S. Free Trade Agreements: Trade with Current and Prospective Partners, Impact, and Issues
This report discusses the trade in agricultural products, which is one of the difficult issues negotiators face in concluding free trade agreements (FTAs). The report also deals with food safety and animal/plant health matters.
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 nations of such military items.
Country-of-Origin Labeling for Foods and the WTO Trade Dispute on Meat Labeling
This report discusses about the AB and Panel reports that were adopted by the Dispute Settlement Body (DSB) on July 23, 2012 starting a 30- day Deadline for the United States to Inform the DSB how it will implement the final findings.
The Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR)
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The EU-South Korea Free Trade Agreement and Its Implications for the United States
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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).
Export-Import Bank Reauthorization: Frequently Asked Questions
This report addresses frequently asked questions about 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.
Export-Import Bank Reauthorization: Frequently Asked Questions
This report addresses frequently asked questions about 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.
Foreign Direct Investment in the United States: An Economic Analysis
Foreign direct investment in the United States declined sharply after 2000, when a record $300 billion was invested in U.S. businesses and real estate. [Note: The United States defines foreign direct investment as the ownership or control, directly or indirectly, by one foreign person (individual, branch, partnership, association, government, etc.) of 10% or more of the voting securities of an incorporated U.S. business enterprise or an equivalent interest in an unincorporated U.S. business enterprise. 15 CFR § 806.15 (a)(1).]
Free Trade Agreements: Impact on U.S. Trade and Implications for U.S. Trade Policy
This report discusses about Free Trade Areas that are arrangements among two or more countries under which they agree to eliminate tariffs and non tariff barriers on trade in goods among themselves.
Free Trade Agreements: Impact on U.S. Trade and Implications for U.S. Trade Policy
In the last few years, the United States has considered bilateral and regional free trade areas (FTAs) with a number of trading partners. Such arrangements are not new in U.S. trade policy. The United States has had a free trade arrangement with Israel since 1985 and with Canada since1989. The latter was suspended when the North American Free Trade Agreement (NAFTA) that included the United States, Canada, and Mexico, went into effect in January 1994. This report monitors pending and possible proposals for U.S. FTAs, relevant legislation and other congressional interest in U.S. FTAs.
Free Trade Agreements: Impact on U.S. Trade and Implications for U.S. Trade Policy
In the last few years, the United States has considered bilateral and regional free trade areas (FTAs) with a number of trading partners. Such arrangements are not new in U.S. trade policy. The United States has had a free trade arrangement with Israel since 1985 and with Canada since1989. The latter was suspended when the North American Free Trade Agreement (NAFTA) that included the United States, Canada, and Mexico, went into effect in January 1994. This report monitors pending and possible proposals for U.S. FTAs, relevant legislation and other congressional interest in U.S. FTAs.
Gasoline Price Increases: Federal and State Authority to Limit “Price Gouging”
This report discusses state laws regarding price gouging in the event of an emergency, as well as the role the federal government could play in addressing rising gas prices.
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.
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.
International Law and Agreements: Their Effect Upon U.S. Law
This report provides an introduction to the roles that international law and agreements play in the United States. International law is derived from two primary sources — international agreements and customary practice.
The Jackson-Vanik Amendment: A Survey
This report discusses the Jackson-Vanik amendment, which was enacted as part of the Trade Act of 1974 and was directly a U.S. reaction to the severe restrictions the Soviet Union had placed in late 1972 on the emigration of its citizens, but was expanded in its scope to apply to all so-called “nonmarket economy” (NME) countries. The amendment, in effect, requires compliance with its specific free-emigration criteria as a key condition for the restoration of certain benefits theretofore denied to NME countries in their economic relations with the United States.
Job Loss: Causes and Policy Implications
Job loss is one of the most important macroeconomic problems facing policymakers, both in terms of its economic and social cost. This report discusses factors that cause job loss and the policy implications.
Patents and Drug Importation
This report explores the intellectual property laws and policies concerning the parallel importation of patented pharmaceuticals into the United States.
Pending U.S. and EU Free Trade Agreements with South Korea: Possible Implications for Automobile and Other Manufacturing Industries
This report provides U.S. lawmakers with a comparison of the manufacturing components in the South Korea free trade agreement (KORUS) and the European Union and South Korea free trade agreement (KOREU FTA). Also included is a brief overview of the possible implications of the two pending FTAs on other selected industrial sectors affected by the FTAs: home appliances, consumer electronics, textiles and apparel, and pharmaceuticals and medical devices.
The Proposed Anti-Counterfeiting Trade Agreement: Background and Key Issues
The proposed Anti-Counterfeiting Trade Agreement (ACTA) is a new agreement for combating intellectual property rights (IPR) infringement. The ACTA negotiation concluded in October 2010, nearly three years after it began, and negotiating parties released a final text of the agreement in May 2011. Negotiated by the United States, Australia, Canada, the European Union and its 27 member states, Japan, South Korea, Mexico, Morocco, New Zealand, Singapore, and Switzerland, the ACTA is intended to build on the IPR protection and enforcement obligations set forth in the 1995 World Trade Organization (WTO) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement).
The Proposed U.S.-Panama Free Trade Agreement
This report presents a summary of trade negotiations and the proposed U.S.-Panama free trade agreement (FTA). The proposed U.S.-Panama FTA is a comprehensive agreement. Some 88% of U.S. commercial and industrial exports would become duty-free upon implementation, with remaining tariffs phased out over a 10-year period.
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.
The Trans-Pacific Partnership Agreement
This report discusses the Trans-Pacific Partnership Agreement (TPP), a free trade agreement that includes nations on both sides of the Pacific. Original members of the TPP were Brunei, Chile, New Zealand, and Singapore. The United States, Australia, Peru, and Vietnam have committed themselves to joining and expanding this group. This report discusses similar trade partnerships, the importance of Asia to U.S. trade and security interests, and U.S. participation in the TPP.
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, identifies key impediments to expanding bilateral trade in agricultural products and key provisions in the law to which these obstacles are anchored. 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.
U.S. Direct Investment Abroad: Trends and Current Issues
The United States is the largest investor abroad and the largest recipient of direct investment in the world. Some observers believe U.S. firms invest abroad to avoid U.S. labor unions or high U.S. wages, however, 70% of U.S. foreign direct investment is concentrated in high income developed countries. Even more striking is the fact that the share of investment going to developing countries has fallen in recent years. Most economists conclude that direct investment abroad does not lead to fewer jobs or lower incomes overall for Americans and that the majority of jobs lost among U.S. manufacturing firms over the past decade reflect a broad restructuring of U.S. manufacturing industries.
U.S.-EU Trade and Economic Issues
This report discusses U.S.-EU trade and economic relations, which currently face heightened tension, particularly due to the Trump Administration's trade policy, which is focusing on unilateral tariff measures under U.S. trade law and taking a critical view of the U.S. role in international economic cooperation. Given U.S.-EU historical joint leadership on global trade and economic issues, these developments could have implications for the rules-based international trading system, a foundation of the global economic order that has contributed to global economic growth and stability in the post-World War II era.
U.S. Government Agencies Involved in Export Promotion: Overview and Issues for Congress
This report provides an overview of the federal government agencies that participate in U.S. export promotion efforts and the issues that they raise for Congress. The recent global economic downturn has renewed congressional debate over the role of the federal government in promoting exports. This debate has been heightened with the Obama Administration's introduction of the National Export Initiative (NEI) in the 2010 State of the Union Address.
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. Textile Manufacturing and the Proposed Trans-Pacific Partnership Agreement
This report discusses the Trans-Pacific Partnership Agreement (TPP), which is a regional free-trade agreement (FTA) signed by trade ministers of 12 member countries, including the United States, on February 4, 2016.
U.S.- Thailand Free Trade Agreement Negotiations
This report examines Thailand’s economy and trade orientation, the scope and significance of the U.S.-Thai commercial relationship, and the likely top issues in the negotiations. The report concludes with a short summary of the Congressional role and interest in the FTA.
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.
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).
Update: A Steely Look at Steel: Commerce Directed to Prioritize Investigation of the Effects of Steel Imports on National Security
This report discusses President Trump's April 2017 memorandums ordering the Commerce Department to prioritize investigation of the effects of steel and aluminium imports on U.S. national security. The report outlines the process such an investigation would take and possible outcomes if the Commerce Department determines that imports are threatening national security.
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