The fifth summit of the BRICS (Brazil, Russia, India, China, South Africa) countries met in Durban, South Africa March 26 and 27, 2013, to discuss "political and economic coordination." They released their fifth summit declaration, "BRICS and Africa: Partnership for Development, Integration and Industrialisation," which includes plans for a BRICS development bank. In the 2014 Fortaleza Declaration of the Sixth BRICS Summit, more details about the bank are explained.
A U.S.-EU Transatlantic Trade and Investment Partnership (TTIP) could provide a significant boost to U.S. jobs, growth and trade. Conversely, the primary pitfall to the agreement would be if it caused a retreat from multilateralism, divert trade from emerging markets and weaken institutions such as the World Trade Organization.
Since 1986, the U.S. Trade Representative has produced an annual National Trade Estimate Report on Foreign Trade Barriers (NTE), which provides an overview of major foreign barriers to U.S. exports, effects of these barriers on the value of U.S. exports, and actions taken to eliminate barriers.
The United States Trade Representative submits this report to Congress as required by the Trade Act of 1974 and the World Trade Organization's Uruguay Round Agreements Act. The report includes an annex listing trade agreements entered into by the United States since 1984.
Despite media hoopla, cross-border crime -- illegal drugs sales, evasion of taxes, intellectual property theft, and money laundering -- is hardly a new phenomenon. For much of history, moreover, the United States was as much perpetrator as victim. Recognizing this awkward truth should help cool down overheated debates about today's transnational problems and how to respond to them.
President Barack Obama, European Council President Herman Van Rompuy, and European Commission President José Manuel Barroso gave this joint statement on February 13, 2013. It announced the launch of negotiations for a Transatlantic Trade and Investment Partnership, at the recommendation of a report from the U.S.-EU High Level Working Group on Jobs and Growth.
Led by EU Trade Commissioner Karel De Gucht and Unites States Trade Representative Ron Kirk, the U.S.-EU High Level Working Group on Jobs and Growth presented its final report on February 11, 2013. It recommended the launch of trade and investment negotiations between the United States and the European Union, which leaders announced they would do.
Shanker A. Singham, chairman of the International Roundtable on Trade and Competition Policy, leads a conversation on how government-imposed anticompetitive market distortions harm U.S. exports and state and local economies.
This act grants permanent normal trade relations with Russia and was signed into law on December 14, 2012. See also the Jackson-Vanik Amendment. The U.S. Treasury Department releases sanctions under the Magnitsky Act, which bans specific Russian citizens from entering the United States. The Russian Foreign Ministry recently released a list in response, banning specific U.S. citizens from entering Russia.
Learn more about CFR’s mission and its work over the past year in the 2015 Annual Report. The Annual Report spotlights new initiatives, high-profile events, and authoritative scholarship from CFR experts, and includes a message from CFR President Richard N. Haass. Read and download »