International economic relations (51 - 60 of 444 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...
Foreign Assistance: USAID's Cash Transfer Program in Egypt Supports Economic Reform Activities, but Various Factors Have Limited Its Influence
GAO-05-731: Published: Jul 11, 2005. Publicly Released: Aug 10, 2005.
Since 1992, the U.S. Agency for International Development (USAID) has focused the Cash Transfer Program in Egypt on supporting economic reform activities to move Egypt toward a more liberal and market-oriented economy. USAID has provided funds to Egypt's government as it completed agreed-on economic reform activities. In fiscal year 2002, the Department of State and USAID conducted a review of U.S...
Rebuilding Iraq: Status of Funding and Reconstruction Efforts
GAO-05-876: Published: Jul 28, 2005. Publicly Released: Jul 28, 2005.
Rebuilding Iraq is a U.S. national security and foreign policy priority and constitutes the largest U.S. assistance program since World War II. Billions of dollars in grants, loans, assets, and revenues from various sources have been made available or pledged to the reconstruction of Iraq. The United States, along with its coalition partners and various international organizations and donors, has...
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...
International Trade: Treasury Assessments Have Not Found Currency Manipulation, but Concerns about Exchange Rates Continue
GAO-05-351: Published: Apr 19, 2005. Publicly Released: May 19, 2005.
The 1988 Trade Act requires the Department of the Treasury to annually assess whether countries manipulate their currencies for trade advantage and to report semiannually on specific aspects of exchange rate policy. Some observers have been concerned that China and Japan may have maintained undervalued currencies, with adverse U.S. impacts, which has brought increased attention to Treasury's asses...
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: Summary of 2003 World Trade Organization Transitional Review Mechanism for China
GAO-05-209R: Published: Jan 25, 2005. Publicly Released: Jan 25, 2005.
China's 2001 accession to the World Trade Organization (WTO) raised expectations with Congress and the private sector about the prospects for China to reform its markets and allow greater access to foreign goods and services. As part of our long-term body of work related to China's membership in the WTO, we reported in October 2004 on how the U.S. Trade Representative (USTR) and the Departments of...