[PDF] The Impact Of Trade Agreements Implemented Under Trade Promotion Authority Inv Ta 2103 1 eBook

Author : James K. Jackson
Publisher : DIANE Publishing
Page : 26 pages
File Size : 47,47 MB
Release : 2010-08
Category : Business & Economics
ISBN : 1437930646

GET BOOK

Contents: (1) Background; (2) An Overview of the Major Agreements: Multilateral Agreements; Regional Trade Agreements; Completed Bilateral Trade Agreements; Signed Bilateral Trade Agreements Requiring Congressional Approval; Pending Bilateral Trade Agreements; (3) Trade Liberalization and the Gains From Trade: Production Gains; Adjustment Costs; Consumption Gains; Economic Growth; (4) Estimating the Economic Impact of Trade Agreements: Overview; The Michigan Model and Estimates; Investment and Capital Flows; Data on Barriers to Trade in Services; (5) Implications for Congress. Charts and tables.

Author :
Publisher :
Page : 0 pages
File Size : 34,35 MB
Release : 2009
Category :
ISBN :

GET BOOK

The United States is in the process of considering a number of trade agreements. In addition, the 111th Congress may address the issue of trade promotion authority (TPA), which expired on July 1, 2007. These agreements range from bilateral trade agreements with countries that account for meager shares of U.S. trade to multilateral negotiations that could affect large numbers of U.S. workers and businesses. During this process, Congress likely will be presented with an array of data estimating the impact of trade agreements on the economy, or on a particular segment of the economy. An important policy tool that can assist Congress in assessing the value and the impact of trade agreements is represented by sophisticated models of the economy that are capable of simulating changes in economic conditions. These models are particularly helpful in estimating the effects of trade liberalization in such sectors as agriculture and manufacturing where the barriers to trade are identifiable and subject to some quantifiable estimation. Barriers to trade in services, however, are proving to be more difficult to identify and, therefore, to quantify in an economic model. In addition, the models are highly sensitive to the assumptions that are used to establish the parameters of the model and they are hampered by a serious lack of comprehensive data in the services sector. Nevertheless, the models do provide insight into the magnitude of the economic effects that may occur across economic sectors as a result of trade liberalization. These insights are especially helpful in identifying sectors expected to experience the greatest adjustment costs and, therefore, where opposition to trade agreements is likely to occur.

Author : Richard S. Beth
Publisher : Createspace Independent Publishing Platform
Page : 38 pages
File Size : 16,28 MB
Release : 2016-09-05
Category :
ISBN : 9781537500683

GET BOOK

The Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (BCTPAA, title II of P.L. 114-26) renewed the "trade promotion authority" (TPA) under which implementing bills for trade agreements that address non-tariff barriers to trade (and certain levels of tariff reduction) are eligible for expedited (or "fast track") consideration by Congress under the "trade authorities procedures" established by the Trade Act of 1974 (P.L. 93-618). These expedited procedures provide for automatic introduction of the implementing bill submitted by the President, attempt to ensure that both chambers will consider and vote on it, prohibit amendment, and eliminate any need to resolve bicameral differences before sending the measure to the President. (In practice, each chamber has usually agreed to consider each implementing bill under terms that modify or override the statutory requirements, but that usually retain the prohibition on amendment.) These arrangements have been viewed as assuring negotiating partners that the United States will implement a trade agreement in the form negotiated; they also ensure that Congress will be able to conclude action within a delimited period of time. For these reasons, however, they also have often been seen as restricting Congress to approving or disapproving the terms of a trade agreement in the form negotiated by the President. The BCTPAA, however, also mitigates these restrictions in several ways. First, it establishes numerous requirements that a trade agreement must meet in order for the implementing bill to be eligible for expedited consideration. Second, the BCTPAA provides several means by which Congress can deny expedited consideration for a specific trade agreement and either decline to consider it or consider it under terms that would permit amendment and eliminate debate limits. Finally, the BCTPAA provides that any of the resolutions through which Congress can deny expedited consideration becomes available for floor consideration in either chamber only through action by the respective revenue committee.