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Crs Report for Congress : Trade Negotiations in the 108th Congress: October 12, 2004 - Ib10123 ebook

Crs Report for Congress : Trade Negotiations in the 108th Congress: October 12, 2004 - Ib10123 ebook

Crs Report for Congress : Trade Negotiations in the 108th Congress: October 12, 2004 - Ib10123 by Ian F Fergusson
Crs Report for Congress : Trade Negotiations in the 108th Congress: October 12, 2004 - Ib10123
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Author: Ian F Fergusson
Number of Pages: 22 pages
Published Date: 04 Nov 2013
Publisher: Bibliogov
Publication Country: United States
Language: English
ISBN: 9781293249451
Download Link: Crs Report for Congress Trade Negotiations in the 108th Congress October 12, 2004 - Ib10123
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The Bush Administration has made bilateral and regional free-trade agreements (FTAs) more important elements of U.S. trade policy, a strategy known as "competitive liberalization." This strategy is designed to push forward trade liberalization simultaneously on bilateral, regional and multilateral fronts. It is meant to spur trade negotiations by liberalizing trade with countries willing to join FTAs, and to pressure other countries to negotiate multilaterally. Some argue, however, that the accent on regional and bilateral negotiations undermines the multilateral forum and increases the risk of trade diversion away from competitive countries not in the trade bloc. The broadest trade initiative being negotiated during the 108th Congress is the multilateral trade negotiations in the World Trade Organization (WTO). In November 2001, trade ministers from 142 WTO member countries agreed to launch a new round of trade talks covering market access, WTO institutional rules, and developing-country issues. A framework agreement on future negotiations was concluded in Geneva on August 1, 2004, but a new deadline must be set for the talks. Another major initiative is the Free Trade Area of the Americas. In April 1998, 34 Western Hemisphere nations formally initiated negotiations on tariffs and nontariff trade barriers in the hemisphere. Negotiators have ...

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