Placed on the Union Calendar, Calendar No. 125.
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The World Trade Organization (WTO) is an international organization established in 1995 following the ratification of the Uruguay Round Agreements, and today includes 166 members. It succeeded the 1947 General Agreement on Tariffs and Trade (GATT), created as part of the U.S. and Europe-led post-World War II effort to…
The United States was a key architect of the multilateral trading system, as a founding member of the General Agreement on Tariffs and Trade (GATT) in 1947 and its successor, the World Trade Organization (WTO) in 1995. The United States, many European countries, and other market economies led the Uruguay Round of mult…
Congress has sole constitutional authority to regulate international trade. Since 1934, Congress has periodically authorized the President to negotiate trade agreements. In some circumstances, congressional approval, via implementing legislation, may be required to give effect to those agreements. Since 1979, Congress…
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