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NAFTA at Ten: Lessons from Recent Studies

Description: This report provides an analytical summary of the economic lessons reached in support of Congress's role in the trade policy process. On January 1, 2004, the North American Free Trade Agreement (NAFTA) completed its tenth year and most of its provisions are now implemented. NAFTA is a free trade agreement (FTA) that effectively added Mexico to the U.S.-Canada FTA completed in 1989. Its anniversary has sparked numerous evaluations, which are particularly relevant as the United States pursues free trade agreements with multiple Latin American countries. Most studies found that NAFTA's effects on the U.S. and Mexican economies to be modest at most.
Date: February 13, 2004
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

The Haitian Economy and the HOPE Act

Description: In December 2006, the 109th Congress passed the Haitian Hemispheric Opportunity through Partnership Encouragement Act of 2006 (HOPE I) to assist Haiti with expanding its apparel trade as a way to help stimulate economic growth and employment. This report analyzes the evolution of the HOPE Act as it relates to U.S. trade policy, the Haitian economy, and post-earthquake reconstruction efforts.
Date: June 2, 2010
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

The Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR)

Description: This report addresses the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR). The CAFTA-DR is a regional agreement with all parties subject to “the same set of obligations and commitments,” but with each country defining its own market access schedule.
Date: April 4, 2006
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

U.S.-Latin America Trade: Recent Trends

Description: This report looks at the status, implications, and alternatives to current free trade agreements in the Latin America. Trade is one of the more enduring issues in contemporary U.S.-Latin America relations. Latin America is far from the largest U.S. regional trade partner, but it is the fastest growing one, with the current exception of Africa. Over the last 15 years, the United States has implemented multiple free trade agreements with the region, which are more comprehensive than those that include only Latin American countries.
Date: May 18, 2007
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

U.S.-Latin American Trade: Recent Trends

Description: Since congressional passage of Trade Promotion Authority (TPA) in August 2002 (P.L. 107-210), the U.S.-Chile free trade agreement (FTA) has been implemented and negotiations were concluded on the Dominican Republic-Central America-United States Free Trade Agreement (DR-CAFTA). Implementing legislation may be introduced in the first session of the 109th Congress. Other important U.S.-Latin America trade initiatives include FTA negotiations with three Andean countries and Panama, and the ongoing but slowed talks on the Free Trade Area of the Americas (FTAA). Congress defined trade negotiation objectives in TPA and trade agreements are enacted only after Congress passes implementing legislation. This report supports the congressional role in trade policy by providing an analytical overview of U.S.-Latin American trade data and trends.
Date: March 8, 2005
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

A Free Trade Area of the Americas: Major Policy Issue and Status of Negotiations

Description: In 1994, 34 Western Hemisphere nations met at the first Summit of the Americas, envisioning a plan to complete a Free Trade Area of the Americas (FTAA) by January 1, 2005. Faced with deadlocked negotiations, the United States and Brazil, the FTAA co-chairs, brokered a compromise at the November 2003 Miami trade ministerial. It moved the FTAA away from the comprehensive, single undertaking principle, toward a two-tier framework comprising a set of "common rights and obligations" for all countries. This report follows the FTAA process and will be updated periodically.
Date: July 15, 2008
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

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 priorities among the countries are becoming increasingly evident, suggesting that the FTAA faces many policy hurdles in both the U.S. Congress and the hemisphere.
Date: May 21, 2001
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

The Andean Trade Preference Act: Background and Issues for Reauthorization

Description: On December 4, 1991, President George Bush signed into law the Andean Trade Preference Act (ATPA) to counter illicit drug production and trade in Latin America. For ten years, it has provided preferential, mostly duty-free, treatment of selected U.S. imports from Bolivia, Colombia, Ecuador, and Peru. The goal of ATPA is to encourage increased exports, thereby promoting development and providing an incentive for Andean farmers and other workers to pursue economic alternatives to the drug trade. This report discusses the ATPA, its background, and issues regarding its potential reauthorization.
Date: January 3, 2001
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

Argentina's Sovereign Debt Restructuring

Description: The U.S. Congress has held numerous hearings to evaluate the causes and ongoing repercussions of Argentina’s financial crisis. This report analyzes Argentina’s debt situation in support of this interest and will be updated periodically.
Date: October 19, 2004
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

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 process so far has led to two draft texts, the second completed for the November 1, 2002 trade ministerial in Quito, Ecuador. The many sections of “bracketed” text indicate that there are still significant differences to be worked out. Although implementing legislation is not anticipated until the next Congress at the earliest, for an FTAA agreement to be signed in January 2005, the 108th Congress, having an expanded oversight authority as defined in the Trade Act of 2002 (P.L. 107-210), will play a crucial role during this last phase of the FTAA negotiations. This report will be updated periodically.
Date: January 2, 2003
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

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 process so far has led to two draft texts, the second completed for the November 1, 2002 trade ministerial in Quito, Ecuador. A year later, the third draft is expected at the eighth trade ministerial scheduled for November 17-21, 2003 in Miami. Although implementing legislation is not anticipated until the next Congress, for an FTAA to be signed in January 2005, the 108th Congress will play a crucial role during this last phase of the negotiations given its expanded consultative and oversight authority as defined in the Trade Promotion Authority (TPA) provisions of the Trade Act of 2002 (P.L. 107-210). This report will be updated periodically.
Date: May 14, 2003
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

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 process so far has led to two draft texts, with a third draft expected to be completed for the eighth trade ministerial scheduled for November 17-21, 2003 in Miami. Currently there are serious differences between Brazil and the United States, the co-chairs of the trade negotiating committee, which will need to be resolved by then. Although implementing legislation is not anticipated until the next Congress, for an FTAA to be signed in January 2005, the 108th Congress will play a crucial role during this last phase of the negotiations given its expanded consultative and oversight authority as defined in the Trade Promotion Authority (TPA) provisions of the Trade Act of 2002 (P.L. 107-210). This report will be updated periodically.
Date: June 25, 2003
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

A Free Trade Area of the Americas: Status of Negotiations and Major Policy Issues

Description: At the second Summit of theAmericas 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 process so far has led to two draft texts, with a third draft expected to be completed for the eighth trade ministerial scheduled for November 17-21, 2003 in Miami. Currently there are serious differences between Brazil and the United States, the co-chairs of the trade negotiating committee, which will need to be resolved by then. Although implementing legislation is not anticipated until the next Congress, for an FTAA to be signed in January 2005, the 108th Congress will play a crucial role during this last phase of the negotiations given its expanded consultative and oversight authority as defined in the Trade Promotion Authority (TPA) provisions of the Trade Act of 2002 (P.L. 107-210). This report will be updated periodically.
Date: August 15, 2003
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

A Free Trade Area of the Americas: Status of Negotiations and Major Policy Issues

Description: In 1994, 34 Western Hemisphere nations met at the first Summit of the Americas, envisioning a plan to create a Free Trade Area of the Americas (FTAA) by January 2005. Nine years later, the third draft text of an agreement is being readied for the eighth trade ministerial scheduled for November 17-21, 2003 in Miami. However, serious differences between Brazil and the United States, similar to those that led to the collapse of the September 2003 WTO talks in Cancún, Mexico, invite a cautious assessment. The Miami ministerial may determine if the FTAA negotiations proceed on time and with the goal of achieving a comprehensive agreement, as first conceived. The 108th Congress will likely follow developments closely as it exercises its expanded consultative and oversight role per the Trade Promotion Authority (TPA) provisions of the Trade Act of 2002 (P.L. 107-210). This report will be updated periodically.
Date: September 24, 2003
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

A Free Trade Area of the Americas: Status of Negotiations and Major Policy Issues

Description: In 1994, 34 Western Hemisphere nations met at the first Summit of the Americas, envisioning a plan to create a Free Trade Area of the Americas (FTAA) by January 2005. Nine years later, the third draft text of an agreement is being readied for the eighth trade ministerial scheduled for November 17-21, 2003 in Miami. However, serious differences between Brazil and the United States, similar to those that led to the collapse of the September 2003 WTO talks in Cancún, Mexico, invite a cautious assessment. The Miami ministerial may determine if the FTAA negotiations proceed on time and with the goal of achieving a comprehensive agreement, as first conceived. The 108th Congress has followed developments closely as it exercises its expanded consultative and oversight role per the Trade Promotion Authority (TPA) provisions of the Trade Act of 2002 (P.L. 107-210). This report will be updated periodically.
Date: November 17, 2003
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

The Andean Trade Preference Act: Background and Issues for Reauthorization

Description: On December 4, 1991, President George Bush signed into law the Andean Trade Preference Act (ATPA) to counter illicit drug production and trade in Latin America. For ten years, it has provided preferential, mostly duty-free, treatment of selected U.S. imports from Bolivia, Colombia, Ecuador, and Peru. The goal of ATPA is to encourage increased exports, thereby promoting development and providing an incentive for Andean farmers and other workers to pursue economic alternatives to the drug trade. This report discusses the ATPA, its background, and issues regarding its potential reauthorization.
Date: February 21, 2002
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

The Andean Trade Preference Act: Background and Issues for Reauthorization

Description: On December 4, 1991, President George Bush signed into law the Andean Trade Preference Act (ATPA) to counter illicit drug production and trade in Latin America. For ten years, it has provided preferential, mostly duty-free, treatment of selected U.S. imports from Bolivia, Colombia, Ecuador, and Peru. The goal of ATPA is to encourage increased exports, thereby promoting development and providing an incentive for Andean farmers and other workers to pursue economic alternatives to the drug trade. This report discusses the ATPA, its background, and issues regarding its potential reauthorization.
Date: August 23, 2002
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department

The Andean Trade Preference Act: A Comparison of House and Senate Versions of H.R. 3009

Description: In 1991, the 102nd Congress passed the Andean Trade Preference Act (ATPA), which provided for preferential treatment of selected U.S. imports from Bolivia, Colombia, Ecuador, and Peru as part of an incentive system to encourage legal trade as an alternative to illicit drug production. This brief report provides a side-by-side comparison of House- and Senate-passed bills that would reauthorize the ATPA.
Date: June 12, 2002
Creator: Hornbeck, J. F.
Partner: UNT Libraries Government Documents Department