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World Trade Organization, Multinational (11 - 20 of 183 items)
U.S.-China Trade: Eliminating Nonmarket Economy Methodology Would Lower Antidumping Duties for Some Chinese Companies
GAO-06-231: Published: Jan 10, 2006. Publicly Released: Jan 10, 2006.
U.S. companies adversely affected by unfair imports may seek a number of relief measures, including antidumping (AD) duties. The Department of Commerce (Commerce) classifies China as a nonmarket economy (NME) and uses a special methodology that is commonly believed to produce AD duty rates that are higher than those applied to market economies. Commerce may stop applying its NME methodology if it...
China Trade: U.S. Exports, Investment, Affiliate Sales Rising, but Export Share Falling
GAO-06-162: Published: Dec 9, 2005. Publicly Released: Dec 9, 2005.
China is important to the global economy and a major U.S. trading partner. By joining the World Trade Organization (WTO) in 2001, China pledged to further liberalize its trade regime and follow global trade rules. While U.S.-Chinese commercial relations have expanded, controversies have emerged, including the size and growth of the U.S. trade deficit with China, China's lack of intellectual proper...
U.S.-China Trade: The United States Has Not Restricted Imports under the China Safeguard
GAO-05-1056: Published: Sep 29, 2005. Publicly Released: Sep 29, 2005.
In joining the World Trade Organization (WTO) in December 2001, China agreed to a number of mechanisms to allow other WTO members to address disruptive import surges from that country. Among these was a transitional product-specific safeguard. In general, safeguards are temporary import restrictions of limited duration that provide an opportunity for domestic industries to adjust to increasing imp...
International Trade: Issues and Effects of Implementing the Continued Dumping and Subsidy Offset Act
GAO-05-979: Published: Sep 26, 2005. Publicly Released: Sep 26, 2005.
Between fiscal years 2001 and 2004, the Continued Dumping and Subsidy Offset Act (CDSOA) provided over $1 billion funded from import duties to U.S. companies deemed injured by unfair trade. Some supporters state CDSOA helps U.S. companies compete in the face of continuing unfair trade. Some opponents believe CDSOA recipients receive a large, unjustified windfall from the U.S. treasury. Also, 11 Wo...
International Trade: Further Improvements Needed to Handle Growing Workload for Monitoring and Enforcing Trade Agreements
GAO-05-537: Published: Jun 30, 2005. Publicly Released: Jul 26, 2005.
The vast majority of U.S. exports are covered by at least one trade agreement. Ensuring that U.S. companies can take advantage of the market opportunities created by trade agreements has therefore become a critical responsibility for U.S. government agencies. GAO examined U.S. government efforts to monitor and enforce trade agreements. Specifically, GAO (1) reviewed how the nature and scope of U.S...
U.S.-China Trade: Commerce Faces Practical and Legal Challenges in Applying Countervailing Duties
GAO-05-474: Published: Jun 17, 2005. Publicly Released: Jun 17, 2005.
Some U.S. companies allege that unfair subsidies are a factor in Chinese success in U.S. markets. U.S. producers injured by subsidized imports may normally seek countervailing duties (CVD) to offset subsidies, but the United States does not apply CVDs against countries, including China, that the Department of Commerce classifies as "nonmarket economies" (NME). In this report, GAO (1) explains why...
World Trade Organization: Global Trade Talks Back on Track, but Considerable Work Needed to Fulfill Ambitious Objectives
GAO-05-538: Published: May 31, 2005. Publicly Released: May 31, 2005.
The outcome of ongoing World Trade Organization (WTO) negotiations is vital to the U.S. economy, because trade with WTO members accounts for about one-fifth of the U.S. gross domestic product. The current round of trade negotiations--called the Doha Round--was supposed to end by January 2005 with agreement on the key issues of agriculture, industrial market access, services, and to strengthen the...
Free Trade Area of the Americas: Missed Deadline Prompts Efforts to Restart Stalled Hemispheric Trade Negotiations
GAO-05-166: Published: Mar 18, 2005. Publicly Released: Apr 18, 2005.
If completed, the Free Trade Area of the Americas (FTAA) agreement would encompass an area of 800 million people and about $13 trillion in production of goods and services, making it the most significant regional trade initiative presently being pursued by the United States. The 34 democratic nations of the Western Hemisphere formally launched negotiations towards a FTAA in 1998, and set a January...
U.S.-China Trade: Opportunities to Improve U.S. Government Efforts to Ensure Open and Fair Markets
GAO-05-554T: Published: Apr 14, 2005. Publicly Released: Apr 14, 2005.
Today's hearing takes place not only at a time of increasing trade between the United States and China but also amidst a period of ongoing concern about the growing U.S. trade deficit with China, which totaled $162 billion in 2004. Managing this relationship with one of the United States' most important trading partners is an effort that calls upon the resources of nearly every aspect of the U.S....
U.S.-China Trade: Textile Safeguard Procedures Should Be Improved
GAO-05-296: Published: Apr 4, 2005. Publicly Released: Apr 4, 2005.
U.S. textile and apparel imports from China have more than doubled in value since China became a World Trade Organization (WTO) member. When joining the WTO, China agreed to a special textile safeguard mechanism applicable only to that country. In this report, GAO (1) describes the mechanism, (2) describes requests for safeguard action filed by U.S. producers and the results of these requests, and...