Agreements & Legislation

Congress has granted trade ‘negotiating authority’ 18 times since 1934.

THE NUMBERS: Supporters of 2002 ‘Trade Promotion Authority’ law still in office – 53 of 215 House Members 19 of 64 Senators WHAT THEY MEAN: Pondering the end-game of the Trans-Pacific Partnership talks, and the early stages of the Trans-Atlantic Trade and Investment Partnership, the Obama administration has asked Congress for guidance, in the form […]

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Agreements & Legislation

The last WTO agreement was in 1998.

With the U.S, Europe, Japan, China, and other members busy negotiating regional agreements with themselves, the Bali meeting and its agenda may be the WTO’s last chance in this decade to preserve its central role, as the world takes up trade questions from tariff cuts to help for the poor, agricultural reform, Internet trade, and more.

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Agreements & Legislation

Russia is the WTO’s 157th member.

Russia’s membership in the World Trade Organization came on August 22nd, concluding an 18-year negotiation on the terms of “accession.” This means that as the House of Representatives votes on whether to grant “permanent Normal Trade Relations” to Russia in the coming week – along with a human-rights bill known as the “Magnitsky bill” – it is debating not the principle of Russian membership, but the practical question of whether the United States should be eligible for the commitments Russia accepted in its “accession agreement” last winter.

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Agreements & Legislation

Permanent Normal Trade Relations for Russia

Russia is likely to enter the World Trade Organization this June, capping an “accession” negotiation which took fully 18 years.  Accompanied by permanent Normal Trade Relations, this is a trade policy achievement which is likely to double American exports to Russia within five years.  It is also a turning point for Russia, with the potential […]

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Agreements & Legislation

Russia’s State Duma will vote on WTO membership this month.

American trade negotiators concluded 18 WTO “accession” agreements – i.e. agreements to bring new countries into the World Trade Organization – over the past decade. Those with the eight new WTO members from Central and Eastern Europe – Albania, Croatia, and Georgia in 2000, Lithuania and Moldova in 2001, Armenia and Macedonia in 2003, Ukraine in 2008 – have been especially productive, helping to quintuple American exports between 2001 and 2011.

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