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Trade Promotion Authority: Driving Trade Deals on the Fast Track to Congressional Approval

A May 17 NAFTA deadline has been in the news. That's because Congressional leaders have advised the Trump administration that the deal needs to get done soon in order to have a vote on NAFTA 2.0 in this Congress under so-called “fast track” voting procedures. There are all sorts of steps on the timeline built into the Trade Promotion Authority legislation (TPA) for expedited approval of trade agreements. Here’s a short version of the history, context, and essentials of how it all works.

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Sharing Trade Powers

Here’s your annotated guide to the timeline and procedures for “fast track” approvals of U.S. trade deals by Congress.

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Patents aren’t a Pat on the Back, They are the Backbone of Life-Enhancing Discoveries

The National Inventors museum inducted fifteen more members into its Hall of Fame. Among those honored were Marvin Caruthers, Arogyaswami Paulraj, and Stan Honey. You may not have heard these names, but you've benefited from their inventions.

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Investor-State Dispute Settlement: Who Uses It?

With over 2,500 international investment agreements in force and only a total of 817 known investor-state dispute settlement arbitrations, it's safe to say that the majority of these agreements have operated without a single dispute.

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Mapping Investment Agreements

International investment agreements have been a remarkably successful policy innovation: today, there are over 3,000 of them in force worldwide.

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Beloved Peanut Puffs Travel 6,000 Miles from Israel to U.S. Trader Joe’s

Thanks to trade, this Israeli snack food now featured at American Trader Joe's stores may spur a whole new generation of Americans who feel the urge to call out - Aba, Ima, Bamba!

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Protecting Big Ideas by Small Firms

Small businesses have more opportunities than ever to sell to customers around the world, but IP theft is one of their biggest risks to pursuing these sales. Just ask Liz Fields, a successful designer of bridesmaid and wedding dresses, who found counterfeit versions of her designs undercutting her business -- and her credibility.

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Investor-State Dispute Settlement: What Accounts for the “Special” Process?

Trade rules typically cover a category of goods or services and affect all firms engaged in trade. Investment disputes, on the other hand, are usually about a state's treatment of an individual enterprise.

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Critical Link: The U.S.-South Korea Security and Trade Connection

The truth about trade agreements is that they’re almost never just about trade. The United States' free trade agreement with South Korea is no exception.

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Global Trade Ministers Retreat

WTO Ministerial Conferences are held every two years. They aren’t really strategy retreats, like the management team off-sites that companies hold, but maybe they should be.

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