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  • New Report Shows Outsourcing Fears Are Misplaced

    While fears of “outsourcing” continue to make headlines, the facts show there is no “giant sucking sound” resulting from dollars fleeing the United States to be invested in other countries. Outsourcing occurs when companies close facilities in the United States and invest in new operations in other countries. Some people … More

    Extend the African Growth and Opportunity Act

    On June 20, the House Foreign Affairs Committee will hold a hearing on renewal of the African Growth and Opportunity Act (AGOA). Among the textile provisions of AGOA is an important one that permits the use of third country fabrics; that provision will expire in September 2012. AGOA as a … More

    How Trade Agreements Can Promote U.S. Constitutional Values

    The United States is currently engaged in a trade negotiation known as the Trans Pacific Partnership (TPP) with eight other Pacific Rim countries. Public Citizen recently posted a leaked draft of the agreement’s proposed language on international investment. If the information they posted is accurate, it’s good news for those … More

    Help Poor People by Cutting Trade Barriers

    In 2011, the U.S. government spent more than $22 billion in non-military foreign aid while collecting $6.8 billion in taxes on imports from the world’s poorest countries. Ironically, the government spent $185 million in “trade and investment” aid while collecting 36 times that amount from tariffs on products from poor … More

    Russia, PNTR, and Human Rights

    Progress on the ability of U.S. firms to take advantage of new business opportunities when Russia joins the World Trade Organization (WTO) took a step forward yesterday when Senate leaders acknowledged that legislation to promote human rights will be a condition needed for permanent normal trade relations (PNTR) to move … More

    “Tear Down This Wall”

    June 12 marks the 25th anniversary of President Reagan’s historic speech at Berlin’s Brandenburg Gate. Over the objections of advisors who thought the lines were too provocative, President Reagan made a dramatic demand: There is one sign the Soviets can make that would be unmistakable, that would advance dramatically the … More

    U.S.–Russia Trade and the Magnitsky Act

    Today, the House Foreign Affairs Committee unanimously approved the Sergei Magnitsky Rule of Law Accountability Act (H.R. 4405), a measure designed to promote human rights in Russia. The committee’s vote has important implications for both human rights and international trade. In a few months, Russia will become a member of … More

    End the U.S. Sugar Program

    The Depression-era sugar program was supposed to end in 1940. Instead, the Senate may soon vote on whether to extend it to 2017. The sugar program inflates sugar prices by capping the amount that food manufacturers and consumers in the United States can buy from producers in other countries. If … More

    Trade Deficit Increases. . . or Does It?

    The U.S. Bureau of Economic Analysis (BEA) just announced that the country’s current account deficit for 2011 was $473.4 billion. This number includes transactions like exports and imports. Cue the “sky is falling” headlines. However, the BEA did not point out that the overall U.S. international transactions deficit was $0. … More

    Politics and a New Trade Bureaucracy

    President Obama just announced plans to borrow millions of dollars from countries likeChinato create a new federal bureaucracy tasked with policing the trade practices of countries likeChina. The new bureaucracy is more about politics than trade. The International Trade Enforcement Center (ITEC) will have as many as 60 employees. With … More