Prioritization of future FTA negotiating partners. The Trump administration has expressed interest in negotiating new free trade agreements in the United States on a bilateral basis, citing TPP partner countries such as Japan and the United Kingdom as potential partners. To date, no TPP country has formally expressed interest in bilateral negotiations with the United States.144 Some question whether this lack of interest in new trade negotiations is due to the controversial nature of ongoing discussions with NAFTA and other recent trade measures. Congress has regularly encouraged the executive branch to negotiate or explore the possibility of a free trade agreement with certain trading partners. For example, the first iteration of the Trade Promotion Authority in the 1970s favoured free trade negotiations with Canada. The report is written by the Center for Strategic and International Studies (CSIS), a private, tax-exempt institution that focuses on international public policy issues. His research is bipartisan and unprotected by copyright. The CSIS does not take specific political positions. Therefore, all views, views and conclusions expressed in this publication should be interpreted exclusively as the views, views and conclusions of the author. Comments: Enforceable obligations are those that are subject to a dispute resolution mechanism with precise and binding language. The data on merchandise trade dates back to 2016. Non-liberalized tariff lines are those that still have an obligation after the full implementation of the ATR. The ATRs included in the customs analysis are those that were notified to the WTO between 2007 and 2014 and are subject to the WTO`s ATR transparency mechanism.
In the United States and internationally, trade agreements have changed significantly over the past 70 years, both in the nature of negotiated agreements and in their content. Over the decades, the multilateral trading system has been the main theatre for negotiating the removal of trade barriers, has been used and has been relatively stagnated. Bilateral agreements and, today, regional trade liberalization (so-called megaregional) have increased particularly over the past two decades.4 Customs barriers have fallen significantly in the United States and around the world as a result of multilateral, bilateral/regional and unilateral liberalization (Figure 1). As tariffs become increasingly important economically, trade agreements have expanded their scope, with recent agreements providing for provisions such as workers` rights and environmental protection, investment obligations and improved intellectual property rights standards. In many areas, including digital trade and state-owned enterprises, the Trump administration`s negotiating objectives for NAFTA modernization negotiations are similar to those of the United States in the TPP negotiations under President Obama, including NAFTA partners Canada and Mexico.64 In other areas, such as. B The proposed changes to the rules of origin, investor-state dispute settlement, public procurement and a sunset, which would have required an extension of the agreement every five years, differ significantly from the Trump administration`s proposals compared to the previous U.S. policy.65 Today, the United States has concluded free trade agreements with 20 countries, as shown in Table 1.1, and in February 2016, it signed a major new agreement with 11 other Asian Pacific nations, the Trans-Pacific Partnership Agreement (TPP). However, it is not clear at this stage whether this agreement can obtain congressional approval.
In addition, the United States is negotiating an agreement with the European Union – the Transatlantic Trade and Investment Partnership (TTIP). However, if the TPP is not approved by Congress, the future of the TTIP negotiations will be called into question.