ABSTRACT

World Trade Organization: Overview and Future Direction [Updated August 21, 2020]   [open pdf - 2MB]

From the Summary: "Historically, the United States' leadership of the global trading system has ensured the United States a seat at the table to shape the international trade agenda in ways that both advance and defend U.S. interests. The evolution of U.S. leadership and the global trading system remain of interest to Congress, which holds constitutional authority over foreign commerce and establishes general and principal U.S. trade negotiating objectives through legislation. Congress has recognized the World Trade Organization (WTO) as the 'foundation of the global trading system' within trade promotion authority (TPA) and plays a direct legislative and oversight role over WTO agreements. The statutory basis for U.S. WTO membership is the Uruguay Round Agreements Act (P.L. 103-465), and U.S. priorities and objectives for the General Agreement on Tariffs and Trade (GATT)/WTO have been reflected in various TPA legislation since 1974. Congress also has oversight of the U.S. Trade Representative and other agencies that participate in WTO meetings and enforce WTO commitments."

Report Number:
CRS Report for Congress, R45417
Author:
Publisher:
Date:
2020-08-21
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations