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Quick ViewThe Panama Canal is an important link in global trade and its expansion, which will allow passage of much larger ships, and could have significant impacts on U.S. ports and inland infrastructure. This book describes ways that shipping patterns and industry costs could change when the Panama Canal expansion is complete, assesses the potential shifts…
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Quick ViewTrade liberalisation reforms in Bangladesh have been accompanied by impressive economic growth and substantial reductions in poverty. Nevertheless, there is concern that increasing inequality has limited the poverty-reducing impact of economic growth. Against this backdrop, the present study uses a multi-sectoral, multi-factor and multi-household computable general equilibrium (CGE) model to simulate the short-run and long-run…
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Quick ViewTrade growth between the United States and China has increased U.S. interest in how the Chinese transportation system handles exports. The Federal Highway Administration, American Association of State Highway and Transportation Officials, and National Cooperative Highway Research Program sponsored a scanning study to identify how China provides intermodal access to its ports and uses investment…
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Quick ViewWith the boons of technological progress spreading to every nook and corner of the globe, globalization has been a dominant force for several decades. Globalization has winners and losers. International trade, foreign direct investment, and trans-boundary flow of goods, services, and capital are few of the many facets that characterize the process of globalization. Thus,…
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Quick ViewThe European Union (EU) is a political and economic partnership, built through a series of binding treaties, that represents a unique form of cooperation among sovereign countries. The EU is composed of 28 member states, including most of the countries of Central and Eastern Europe, and has helped to promote peace, stability, and economic prosperity…
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Quick ViewHigh-frequency trading (HFT) is a broad term without a precise legal or regulatory definition. It is used to describe what many characterize as a subset of algorithmic trading that involves very rapid placement of orders, in the realm of tiny fractions of a second. This book provides an overview of HFT in the equities and…
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Quick ViewGlobal wine production totaled roughly 27 billion liters in 2012. The European Union (EU) dominates world production, accounting for nearly 60% of all wine produced each year. France, Italy, and Spain are among the principal EU wine-producing countries. This book provides an overview of issues pertaining to the U.S. wine industry within ongoing U.S. trade…
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Quick ViewTrade capacity building (TCB) is a form of development assistance provided by the United States and other countries to help developing countries participate in and benefit from global trade. Congress and the executive branch have identified TCB assistance as an important tool for U.S. trade and development policy based on evidence of the effectiveness of…
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Quick ViewThis book examines the state of China’s trade agreements with various regions of the world and the strategy and rationale behind them. In its campaign to sign free trade agreements, China is slowly moving from small, developing countries to more advanced economies. However, China’s approach to preferential trade is inconsistent and not fully understood. This…
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Quick ViewThe Trans-Pacific Partnership (TPP) is a proposed free trade agreement (FTA) among the United States and 11 Asia-Pacific countries. The U.S. Trade Representative (USTR) has described it as a “comprehensive and high standard” agreement, designed to eliminate and reduce trade barriers and to establish and extend the rules and disciplines of the trading system among…
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Quick ViewThe U.S.-EU trade and investment relationship, what many call the “transatlantic economy,” is a mutually beneficial and globally significant relationship. The Transatlantic Trade and Investment Partnership (T-TIP) is a potential reciprocal free trade agreement (FTA) that the United States and the European Union (EU) are negotiating with each other. The United States and EU seek…
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Quick ViewThe North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. The overall economic impact of NAFTA is difficult to measure since trade and investment trends are influenced by numerous other economic variables, such as economic growth, inflation, and currency fluctuations. The agreement may have accelerated the trade liberalization that was already…
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Quick ViewPartner countries of free trade agreements (FTA) that the Government Accountability Office (GAO) selected—the Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) and the FTAs with Colombia, Oman, and Peru—have taken steps to implement labor provisions and other initiatives to strengthen labor rights. This book examines steps that selected partner countries have taken, and U.S.…
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Quick ViewThis book discusses developments in the United States’ exports and imports of professional services, with a focus on education, healthcare, and legal services. The United States continues to be a world leader in professional services, which generated a cross-border trade surplus of nearly $50 billion in 2011. The expansion of professional services trade in recent…
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Quick ViewThe North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. The overall economic impact of NAFTA is difficult to measure since trade and investment trends are influenced by numerous other economic variables, such as economic growth, inflation, and currency fluctuations. NAFTA continues to be of interest to Congress because of the…
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Quick ViewThis book represents a historical, political and legal overview of the US and EU systems of provision for corporate subsidies and their control. Differences, one might think, are easy to imagine, while similarities may not be as apparent. Over the last sixty years, the European project has developed a sophisticated legal regime for the monitoring…
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Quick ViewThis book includes CRS reports on various security, trade and oil issues such as the OPEC and Non-OPEC Crude Oil Production Agreement, in which, in an effort to stabilize declining oil prices, the OPEC announced an agreement that would reduce crude oil production by approximately 1.2 million barrels per day (bpd) for 6 months starting…
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