Archive for the ‘trade’ Category

New From the GAO

October 1, 2014 Comments off

New GAO Report
Source: Government Accountability Office

Natural Gas: Federal Approval Process for Liquefied Natural Gas Exports. GAO-14-762, September 26.
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Recent Trends in U.S. Services Trade — 2014 Annual Report

September 24, 2014 Comments off

Recent Trends in U.S. Services Trade — 2014 Annual Report (PDF)
Source: U.S. International Trade Commission
From press release:

The United States is the world’s largest services market and was the world’s leading exporter and importer of services in 2012, reports the U.S. International Trade Commission (USITC) in its new publication Recent Trends in U.S. Services Trade, 2014 Annual Report.

The USITC, an independent, nonpartisan, factfinding federal agency, compiles the report annually. Each year’s report presents a qualitative and quantitative overview of U.S. trade in services and highlights some of the service sectors and geographic markets that contribute substantially to recent services trade performance.

This year’s report focuses on electronic services and includes chapters on three specific industries: audiovisual services, computer services, and telecommunication services. Each chapter analyzes global market conditions in the industry, examines recent trade performance, and summarizes the industry’s outlook.

Hat tip: IWS Documented News Service

Selected Charts 2014, Ag and Food Statistics: Charting the Essentials

September 17, 2014 Comments off

Selected Charts 2014, Ag and Food Statistics: Charting the Essentials
Source: USDA Economic Research Service

This collection of nine charts and maps presents examples of key statistics on the farm sector, food spending and prices, food security, rural communities, agricultural production and trade, the interaction of agriculture and natural resources, and more found in ERS’s updated web product, Ag and Food Statistics: Charting the Essentials.

Export-Import Bank Reauthorization Debate, CRS Insights (August 18, 2014)

September 15, 2014 Comments off

Export-Import Bank Reauthorization Debate, CRS Insights
Source: Congressional Research Service (via Federation of American Scientists)

The Export-Import Bank of the United States (Ex-Im Bank or the Bank), a wholly owned federal government corporation, is the official export credit agency (ECA) of the U.S. government. Its mission is to assist in the financing of U.S. exports of goods and services to support U.S. employment. On a demand-driven basis, it seeks to provide financing when the private sector is unwilling, or unable, to undertake alone such financing at terms commercially viable for exporters; and/or to meet foreign competition by countering government-backed financing offered by foreign countries to their companies. Its statutory charter (Export-Import Bank Act of 1945, as amended, 12 U.S.C. §635 et seq.) expires on September 30, 2014 (P.L. 112-122), meaning that the agency’s authority to enter into new obligations generally would cease and a wind-down of operations would be required. (This issue is distinct from an “authorization of appropriations” expiring, which would not, in and of itself, terminate such authority to operate.) Congress is considering whether to renew Ex-Im Bank’s authority and, if so, for how long and under what terms. See CRS Report R43671, Export-Import Bank Reauthorization: Frequently Asked Questions, and CRS In Focus IF00021, Export-Import Bank (Ex-Im Bank) Reauthorization (In Focus).

New From the GAO

September 10, 2014 Comments off

New GAO Reports and Testimonies
Source: Government Accountability Office


1. Federally Funded Research Centers: Agency Reviews of Employee Compensation and Center Performance. GAO-14-593, August 11.
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2. Foreign Assistance: USAID Should Update Its Trade Capacity Building Strategy. GAO-14-602, August 11.
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3. Veterans Affairs: Better Understanding Needed to Enhance Services to Veterans Readjusting to Civilian Life. GAO-14-676, September 10.
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4. DHS Training: Improved Documentation, Resource Tracking, and Performance Measurement Could Strengthen Efforts. GAO-14-688, September 10.
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5. Defense Planning: DOD Needs Specific Measures and Milestones to Gauge Progress of Preparations for Operational Access Challenges. GAO-14-801, September 10.
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1. Department of Education: Status of Prior GAO Recommendations, by Jacqueline M. Nowicki, acting director, education, workforce, and income security, and Melissa Emrey-Arras, director, education, workforce, and income security, before the Subcommittee on Higher Education and Workforce Training and the Subcommittee on Early Childhood, Elementary, and Secondary Education, House Committee on Education and the Workforce. GAO-14-848T, September 10.
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2. Older Americans: Inability to Repay Student Loans May Affect Financial Security of a Small Percentage of Retirees, by Charles A. Jeszeck, director, education, workforce, and income security, before the Senate Special Committee On Aging. GAO-14-866T, September 10.
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8 Facts About U.S. Crude Oil Production

September 10, 2014 Comments off

8 Facts About U.S. Crude Oil Production
Source: Brookings Institution

The skyrocketing growth of unconventional oil and natural gas production in the United States has ignited an intense debate on the impact of energy exports on U.S. energy and economic security and its foreign policy. In “Changing Markets: Economic Opportunities from Lifting the U.S. Ban on Crude Oil Exports,” Charles Ebinger and Heather Greenley worked with National Economic Research Associates (NERA) to examine the economic and national security impacts of lifting the ban on crude oil exports. Learn eights facts about U.S. crude oil production within the key findings outlined below, and download the full report.

Why Trade Matters

September 9, 2014 Comments off

Why Trade Matters
Source: Brookings Institution

This policy brief explores the economic rationale and strategic imperative of an ambitious domestic and global trade agenda from the perspective of the United States. International trade is often viewed through the relatively narrow prism of trade-offs that might be made among domestic sectors or between trading partners, but it is important to consider also the impact that increased trade has on global growth, development and security. With that context in mind, this paper assesses the implications of the Asia-Pacific and European trade negotiations underway, including for countries that are not participating but aspire to join. It outlines some of the challenges that stand in the way of completion and ways in which they can be addressed. It examines whether the focus on “mega-regional trade agreements comes at the expense of broader liberalization or acts as a catalyst to develop higher standards than might otherwise be possible. It concludes with policy recommendations for action by governments, legislators and stakeholders to address concerns that have been raised and create greater domestic support.


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