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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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