US Trade Policy: Method to the Madness?

Topics:
WTO
Tags:
Bush Administration,
Finance,
Free Trade,
Institute For International Economics,
President
Source:
Institute for International Economics

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Overview: This article focuses the renewed US-EU cooperation, which provided the requisite leadership for the launch of a new round of multilateral trade negotiations at the Doha Ministerial of the World Trade Organization (WTO) in November 2001. The congress legislation provides the president, the negotiating mandate to pursue the new trade initiatives. US trade policy since Doha has sent confusing signals. Elements of the old-style protectionism commingle with the free market rhetoric of the Bush administration. This paper assesses how this odd mixture of free trade and protectionism affects the ability of US negotiators to pursue their extensive trade-negotiating ambitions, particularly in the Doha Round. At the mid-point of the Bush administration, there is both good news and bad news. President Bush now has secured from Congress the trade-negotiating mandate denied to his predecessor. However, can he use it effectively in the aftermath of his decisions on steel and farm subsidies, discusses the article.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: HTML | Date: Oct 2002 | Pages: 1


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