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    Time to Upgrade the African Growth and Opportunity Act

    Africa is increasingly viewed as “a hopeful continent” whose next 10 years can be even better economically than the last 10. In this evolving economic reality, the United States should seize the opportunity to reinforce its vision of economic freedom and prosperity in the region. In his first public speech … More

    ATT Could Stymie Arms Export Control Reform

    Reform of the U.S. arms export control took a major step forward this week when the Departments of State and Commerce released final rules governing aircraft and gas turbine engines. However, the Arms Trade Treaty (ATT), which the Obama Administration voted to adopt at the United Nations earlier this month, … More

    Don’t Be Fooled - Trade Deficits Are Just Fine

    There is a major misconception in the United States concerning the balance of trade and jobs. Many equate trade deficits and increases in imports as bad for employment. They could not be more wrong. In fact, higher imports are a signal of prosperity and plentiful jobs. When a country’s economy … More

    The Arms Trade Treaty: Reactions to the Final Draft

    At noon on Wednesday, Peter Woolcott, the president of the U.N. Conference on the Arms Trade Treaty (ATT), released the last draft of the treaty. The only further changes will be technical corrections: As Woolcott put it, this is a take-it-or-leave-it document. This latest draft contains a substantial number of … More

    The Arms Trade Treaty, Day One: Potential Roadblocks to Agreement

    The “final” negotiating conference on the Arms Trade Treaty (ATT) opened in New York at the United Nations on Monday. As we have explained, we believe the ATT is a bad idea, will not work, and poses numerous prudential risks to U.S. interests. But now that the conference has started, … More

    Free Trade: Bringing Ireland to Your St. Patrick’s Day Celebration

    Today, millions of people around the world will put on some green, watch a hurling or rugby match, enjoy a Guinness stout, and praise St. Patrick, the patron saint of the Emerald Isle. A beam in Guinness’s Dublin brewery reads “Everyone’s Irish on March 17th.” And, thanks to free trade, … More

    Guest Blogger: Congressman Kevin Brady (R-TX) On Trade Critical To US Economy

    When President Obama touches down in Pittsburgh for the G-20 Summit he has a chance to lead on trade policies that will level the playing field for American workers and small businesses. Trade is critical to U.S. economic growth and vital to global economic development. Trade – especially exports – … More

    No New Trade Battle, Just Old Ones

    The front page of the business section of the New York Times today notes recent Chinese state intervention in trade.  The Times is right to make this observation, if six… or eight… months late. But recent Chinese moves are neither new nor particularly important. The intervention in trade is long-standing; recent … More

    Unexportable Jobs

    Here is a quote from the President’s new budget (emphasis added): “If we lead the world in the research and development of clean energy technology, we can create a whole new industry with high-paying jobs that cannot be shipped overseas. Some compare the promise of this sector to information technology.” … More