Author: Jeffrey J. Schott / Topic: Treaties and Agreements

Author:: Jeffrey J. Schott
Publication Date:: 08-2015
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: Korea's decision to delay joining the Trans-Pacific Partnership (TPP) talks was a tactical mistake. It is now left with primarily two options to participate: (1) ask to join the TPP, if possible between signature and entry into force, or (2) accede to the TPP after the agreement is ratified and goes into effect—either alone or as part of a group of countries seeking TPP membership. For Korea the burden of adjustment in the TPP—in terms of liberalization commitments—will probably be higher than had it joined as an original signatory. As a major trading nation, it stands to reap large gains from increased trade and investment with TPP countries and should opt to join the TPP as soon as the window for entry reopens.
Topic:: Economics and Treaties and Agreements
Political Geography:: South Korea

Author:: Simon Johnson and Jeffrey J. Schott
Publication Date:: 10-2013
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: In July 2013, the United States and the European Union launched negotiations on a Transatlantic Trade and Investment Partnership (TTIP). The talks aim to craft a comprehensive accord matching or exceeding the reforms achieved in their previous trade pacts. Since both sides have included financial services in prior free trade agreements (FTAs), they implicitly recognized that the TTIP accord would also cover this sector. But what will be included in the financial services chapter is still subject to debate.
Topic:: Economics, International Trade and Finance, Treaties and Agreements, and Bilateral Relations
Political Geography:: United States and Europe

Author:: Gary Clyde Hufbauer and Jeffrey J. Schott
Publication Date:: 05-2012
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: Our answer is a resounding “yes.” This answer does not rest simply on the World Trade Organization's proven competence as a judicial body nor its acknowledged expertise in gathering statistics and analyzing trends. Crowning these strengths, we see the dawn of a new era of trade and investment negotiations within the halls of the WTO.
Topic:: Economics, International Trade and Finance, Treaties and Agreements, and World Trade Organization

Author:: Jeffrey J. Schott
Publication Date:: 12-2010
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: On December 3, 2010, the United States and South Korea agreed to incremental changes to the Korea-US Free Trade Agreement (KORUS FTA) that was signed in June 2007 but not ratified by the US Congress or the Korean National Assembly. Most of the changes affect bilateral trade in autos and light trucks; other minor changes involve pharmaceutical patents, US pork exports, and US visas.
Topic:: International Trade and Finance, Treaties and Agreements, and Bilateral Relations
Political Geography:: United States and South Korea

Author:: Jeffrey J. Schott and Meera Fickling
Publication Date:: 07-2010
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: A year ago, we wrote a policy brief titled Setting the NAFTA Agenda on Climate Change, which explored issues of energy and environmental cooperation among the three North American countries in light of the climate legislation that had recently passed the US House of Representatives. Similar legislation did not pass the Senate, and Congressional leaders are now considering much more modest measures aimed at reducing greenhouse gas (GHG) emissions and reforming US energy policy.
Topic:: Climate Change, Economics, International Trade and Finance, and Treaties and Agreements
Political Geography:: United States and North America

Author:: Jeffrey J. Schott
Publication Date:: 10-2006
Content Type:: Policy Brief
Institution:: Peterson Institute for International Economics
Abstract:: The Doha Round of multilateral trade negotiations in the World Trade Organization (WTO) was suspended indefinitely in late July 2006 after a succession of failed attempts to reach agree¬ment on the modalities for cutting farm subsidies and tariffs. Trade ministers are now consulting on how to put the WTO talks back on track. Without a rapid return to active negotiations, US officials may be relegated to the sidelines in Geneva due to the expiration of US trade promotion authority (TPA)—leaving the Doha Round adrift possibly until the next US administration takes office in 2009 or even longer.
Topic:: Economics, International Trade and Finance, Politics, and Treaties and Agreements

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