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Crs Report for Congress : Trade Negotiations During the 109th Congress: August 3, 2005 - Ib10123 book

Crs Report for Congress : Trade Negotiations During the 109th Congress: August 3, 2005 - Ib10123. Ian F Fergusson

Crs Report for Congress : Trade Negotiations During the 109th Congress: August 3, 2005 - Ib10123
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Author: Ian F Fergusson
Page Count: 22 pages
Published Date: 04 Nov 2013
Publisher: Bibliogov
Publication Country: United States
Language: English
ISBN: 9781293249468
File size: 39 Mb
Download Link: Crs Report for Congress Trade Negotiations During the 109th Congress August 3, 2005 - 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, it argues, will 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. Critics contend, 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 controversial CAFTA (Central American Free Trade Agreement) -- an agreement signed with the five countries of the Central American Common Market (CACM) and the Dominican Republic -- was passed by the House on July 28, 2005, by a vote of 217215. Later in the day, the Senate approved the House version of the legislation to implement CAFTA, and President Bush signed it on August 2 (P.L. 109-53). The Administration also has concluded an FTA with Bahrain but has not presented draft legislation to Congress. The United States is participating in several other regional and bilateral trade negotiations. Agreements were concluded and became effective during ...

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