Seeking Withdrawal of Congressional Approval of the WTO Agreement

Seeking Withdrawal of Congressional Approval of the WTO Agreement PDF Author:
Publisher:
ISBN:
Category : United States
Languages : en
Pages :

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Book Description
The Uruguay Round Agreements Act (URAA) legislatively approved the World Trade Organization (WTO) Agreement and the specialized agreements annexed to it. It also enacted the provisions implementing the many obligations the United States undertook under them, and contains provisions (Section 125) establishing the legislative procedure for Congressional withdrawal of such approval. Initiation of such withdrawal action is predicated on the transmission by the Administration of a mandatory quinquennial report, next due by March 1, 2005, analyzing the costs and benefits of past U.S. participation in the WTO as well as the value of continued U.S. participation. Thereupon, a privileged joint resolution may be introduced by any Member to withdraw the Congress' approval of the WTO Agreement provided by the URAA. The legislative procedure for such withdrawal basically follows Section 152 of the Trade Act of 1974, which provides for the enactment of joint resolutions disapproving certain trade-related actions, which for this purpose has been modified specifically by Section 125 of the URAA. The procedure provides for a (nonmandatory) introduction of the resolution, with mandatory, nonamendable language, and specific expedited (fast-track) consideration. Although the immediate function of the withdrawal provision is to create a mechanism that will permit periodic Congressional review of U.S. participation in the WTO and the provision focuses specifically on withdrawing the approval of the WTO Agreement, it has been considered in Congress and in the civil society in the broader context of United States' withdrawal from actual participation (i.e., membership) in the WTO. On June 9, 2005, the House defeated a resolution (H.J. Res. 27) to withdraw approval of the WTO Agreement by a vote of 338-86. A similar resolution in the year 2000 failed by a wider margin (363-56) in the House, and a withdrawal resolution was not even introduced in the Senate. A resolution offers Congress the opportunity to debate the costs and benefits of U.S. participation in the WTO. In this context, Congressional concern with U.S. trading partners, particularly the European Union and Canada, and various other contentious issues emerged in the floor debate and statements on H.J. Res. 27. Such issues are dealt with in detail in CRS Report RL32918, World Trade Organization (WTO): Issues in the Debate on U.S. Participation, by Ian F. Fergusson and Lenore Sek. This report, which will be updated as needed, sets out the background of the issue, the functional timetable and requirements for taking the legislative action for such withdrawal, and the related WTO procedure. It also describes past and current activity under the withdrawal provision and suggests the probable consequences of the withdrawal resolution, if enacted and implemented.

Seeking Withdrawal of Congressional Approval of the WTO Agreement

Seeking Withdrawal of Congressional Approval of the WTO Agreement PDF Author:
Publisher:
ISBN:
Category : United States
Languages : en
Pages :

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Book Description
The Uruguay Round Agreements Act (URAA) legislatively approved the World Trade Organization (WTO) Agreement and the specialized agreements annexed to it. It also enacted the provisions implementing the many obligations the United States undertook under them, and contains provisions (Section 125) establishing the legislative procedure for Congressional withdrawal of such approval. Initiation of such withdrawal action is predicated on the transmission by the Administration of a mandatory quinquennial report, next due by March 1, 2005, analyzing the costs and benefits of past U.S. participation in the WTO as well as the value of continued U.S. participation. Thereupon, a privileged joint resolution may be introduced by any Member to withdraw the Congress' approval of the WTO Agreement provided by the URAA. The legislative procedure for such withdrawal basically follows Section 152 of the Trade Act of 1974, which provides for the enactment of joint resolutions disapproving certain trade-related actions, which for this purpose has been modified specifically by Section 125 of the URAA. The procedure provides for a (nonmandatory) introduction of the resolution, with mandatory, nonamendable language, and specific expedited (fast-track) consideration. Although the immediate function of the withdrawal provision is to create a mechanism that will permit periodic Congressional review of U.S. participation in the WTO and the provision focuses specifically on withdrawing the approval of the WTO Agreement, it has been considered in Congress and in the civil society in the broader context of United States' withdrawal from actual participation (i.e., membership) in the WTO. On June 9, 2005, the House defeated a resolution (H.J. Res. 27) to withdraw approval of the WTO Agreement by a vote of 338-86. A similar resolution in the year 2000 failed by a wider margin (363-56) in the House, and a withdrawal resolution was not even introduced in the Senate. A resolution offers Congress the opportunity to debate the costs and benefits of U.S. participation in the WTO. In this context, Congressional concern with U.S. trading partners, particularly the European Union and Canada, and various other contentious issues emerged in the floor debate and statements on H.J. Res. 27. Such issues are dealt with in detail in CRS Report RL32918, World Trade Organization (WTO): Issues in the Debate on U.S. Participation, by Ian F. Fergusson and Lenore Sek. This report, which will be updated as needed, sets out the background of the issue, the functional timetable and requirements for taking the legislative action for such withdrawal, and the related WTO procedure. It also describes past and current activity under the withdrawal provision and suggests the probable consequences of the withdrawal resolution, if enacted and implemented.

Seeking Withdrawal of Congressional Approval of the WTO Agreement

Seeking Withdrawal of Congressional Approval of the WTO Agreement PDF Author:
Publisher:
ISBN:
Category :
Languages : en
Pages :

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Book Description


Withdrawing Approval of the Congress from the Agreement Establishing the World Trade Organization

Withdrawing Approval of the Congress from the Agreement Establishing the World Trade Organization PDF Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 16

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Withdrawing the Approval of the United States from the Agreement Establishing the World Trade Organization

Withdrawing the Approval of the United States from the Agreement Establishing the World Trade Organization PDF Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Electronic government information
Languages : en
Pages : 12

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Withdrawing Approval of the Congress from the Agreement Establishing the World Trade Organization

Withdrawing Approval of the Congress from the Agreement Establishing the World Trade Organization PDF Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : United States
Languages : en
Pages : 15

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Book Description


The Sovereignty Wars

The Sovereignty Wars PDF Author: Stewart M. Patrick
Publisher: Brookings Institution Press
ISBN: 0815731604
Category : Political Science
Languages : en
Pages : 356

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Book Description
Protecting sovereignty while advancing American interests in the global age Americans have long been protective of the country’s sovereignty—beginning when George Washington retired as president with the admonition for his successors to avoid “permanent” alliances with foreign powers. Ever since, the nation has faced persistent, often heated debates about how to maintain that sovereignty, and whether it is endangered when the United States enters international organizations, treaties, and alliances about which Washington warned. As the recent election made clear, sovereignty is also one of the most frequently invoked, polemical, and misunderstood concepts in politics—particularly American politics. The concept wields symbolic power, implying something sacred and inalienable: the right of the people to control their fate without subordination to outside authorities. Given its emotional pull, however, the concept is easily highjacked by political opportunists. By playing the sovereignty card, they can curtail more reasoned debates over the merits of proposed international commitments by portraying supporters of global treaties or organizations as enemies of motherhood and apple pie. Such polemics distract Americans from what is really at stake in the sovereignty debate: namely, the ability of the United States to shape its destiny in a global age. The United States cannot successfully manage globalization, much less insulate itself from cross-border threats, on its own. As global integration deepens and cross-border challenges grow, the nation’s fate is increasingly tied to that of other countries, whose cooperation will be needed to exploit the shared opportunities and mitigate the common risks of interdependence. The Sovereignty Wars is intended to help today's policymakers think more clearly about what is actually at stake in the sovereignty debate and to provide some criteria for determining when it is appropriate to make bargains over sovereignty—and how to make them.

World Trade Organization (WTO)

World Trade Organization (WTO) PDF Author: Raymond J. Ahearn
Publisher: DIANE Publishing
ISBN: 143793627X
Category : Business & Economics
Languages : en
Pages : 41

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Book Description
Analyzes the main issues in any debate on U.S. participation in WTO and addresses some of the criticisms leveled at the org. The U.S. benefits from broad reductions in trade barriers worldwide, but some workers and industries might not share in those gains. Some argue that smaller countries are left out of decision-making and that gov¿ts. represent the interests of large corp. disproportionately. Contents of this report: Background on the GATT/WTO System; Stakeholders in the WTO Debate; Econ. Costs and Benefits of the WTO; Decisionmaking in the WTO and Nat. Sovereignty Issues; WTO Dispute Process; Criticisms of the WTO from Environ., Food Safety, Labor, Develop., and Fin¿l. Reg¿n. Perspectives; If U.S. Withdraws from the WTO. Illus.

Major Studies & Issue Briefs of the Congressional Research Service, Bibliography & Indexes to the ... Supplement

Major Studies & Issue Briefs of the Congressional Research Service, Bibliography & Indexes to the ... Supplement PDF Author:
Publisher:
ISBN:
Category : Legislation
Languages : en
Pages : 230

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Book Description


China After the WTO

China After the WTO PDF Author: James V. Feinerman
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 520

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Book Description


The History and Future of the World Trade Organization

The History and Future of the World Trade Organization PDF Author: Craig VanGrasstek
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 704

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Book Description
The History and Future of the World Trade Organization is a comprehensive account of the economic, political and legal issues surrounding the creation of the WTO and its evolution. Fully illustrated with colour and black-and-white photos dating back to the early days of trade negotiations, the publication reviews the WTO's achievements as well as the challenges faced by the organisation, and identifies the key questions that WTO members need to address in the future. The book describes the intellectual roots of the trading system, membership of the WTO and the growth of the Geneva trade community, trade negotiations and the development of coalitions among the membership, and the WTO's relations with other international organisations and civil society. Also covered are the organisation's robust dispute settlement rules, the launch and evolution of the Doha Round, the rise of regional trade agreements, and the leadership and management of the WTO.