International trade (21 - 30 of 175 items)
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...
Foreign Assistance: Observations on USAID's Commodity Import Program in Egypt
GAO-04-846T: Published: Jun 17, 2004. Publicly Released: Jun 17, 2004.
The Commodity Import Program (CIP), managed by the U.S. Agency for International Development (USAID), is intended to foster a competitive private sector in Egypt, in addition to assisting U.S. exporters. The program also supports the government of Egypt and USAID activities and expenses in Egypt. Since 1992, Congress has appropriated at least $200 million per year for the CIP. In 1998, the United...
World Trade Organization: U.S. Companies' Views on China's Implementation of Its Commitments
GAO-04-508: Published: Mar 24, 2004. Publicly Released: Mar 24, 2004.
As the second largest source of foreign direct investment in China, U.S. companies continue their keen interest in China's implementation of its World Trade Organization (WTO) commitments. China's 2001 WTO commitments include specific pledges to increase market access, liberalize foreign investment, continue fundamental market reforms, and improve the rule of law. In 2002, GAO reported on selected...
World Trade Organization: Ensuring China's Compliance Requires a Sustained and Multifaceted Approach
GAO-04-172T: Published: Oct 30, 2003. Publicly Released: Oct 30, 2003.
China's accession to the World Trade Organization (WTO) in December 2001 created substantial opportunities for U.S. companies seeking to expand into China's market. In joining the WTO, China agreed to liberalize its trade regime and open its markets to foreign goods and services. However, the U.S. government has become concerned about ensuring that China honors its commitments to offer a more pred...
GAO's Electronic Database of China's World Trade Organization Commitments
GAO-03-797R: Published: Jun 13, 2003. Publicly Released: Jun 13, 2003.
China's December 2001 accession to the World Trade Organization (WTO) signified that the world's seventh largest economy and the United State's fourth largest trading partner would be subject to the multilateral organization's trade liberalizing requirements. China's accession agreement is a set of legal documents totaling more than 800 pages. In order to fulfill its WTO commitments, China will ha...
World Trade Organization: Analysis of China's Commitments to Other Members
GAO-03-4: Published: Oct 3, 2002. Publicly Released: Oct 3, 2002.
China's entry into the World Trade Organization (WTO) on December 11, 2001, represented a major step in the reform efforts of the U.S.'s fourth largest trading partner. When implemented, these reforms will liberalize and modernize China's economy and trading activities, including its industrial, services, and agricultural sectors. However, understanding the implications of China's accession depend...