The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP.
The Office of the United States Trade Representative (USTR) is an agency of the United States federal government responsible for developing and promoting American trade policy. Part of the Executive Office of the President, it is headed by the U.S. Trade Representative, a Cabinet-level position that serves as the U.S. President's primary advisor, negotiator, and spokesperson on trade matters. USTR has more than two hundred employees, with offices in Geneva, Switzerland, and Brussels, Belgium.
The Doha Development Round or Doha Development Agenda (DDA) is the trade-negotiation round of the World Trade Organization (WTO) which commenced in November 2001 under then director-general Mike Moore. Its objective was to lower trade barriers around the world, and thus facilitate increased global trade.
Relations between the European Union and the United States began in 1953, when US diplomats visited the European Coal and Steel Community in addition to the national governments of its six founding countries. The two parties share a good relationship which is strengthened by NATO, cooperation on trade, and shared values.
Heather Marie Boushey is an American economist. Boushey currently serves as a member of President Joe Biden's Council of Economic Advisers. She also serves as the Chief Economist for the Invest in America Cabinet at the White House. She previously was the president and CEO of the Washington Center for Equitable Growth. She has also worked as an economist at the Center for American Progress and the United States Congress Joint Economic Committee.
The Democratic Party of the United States is a big tent party composed of various factions. The four most prominent modern factions are the liberals, moderates, progressives, and conservatives. The liberal faction supports modern liberalism and social liberalism that began with the New Deal in the 1930s and continued with both the New Frontier and Great Society in the 1960s. The moderate faction supports Third Way politics that includes center-left social policies and center-right fiscal policies. The progressive faction supports social democracy and left-wing populism. The conservative faction supports centre-right policies. The traditional conservative Democratic faction lost much of its influence in the 21st century as the South realigned towards the Republican Party, though a subsequent realignment starting in the 2010s brought a new set of moderate to conservative voters disillusioned with Trumpism in the Republican Party, prominently including many suburban women, into the Democratic tent.
Since its creation in 1995, the World Trade Organization (WTO) has worked to maintain and develop international trade. As one of the largest international economic organizations, it has strong influence and control over trading rules and agreements, and thus has the ability to affect a country's economy immensely. The WTO policies aim to balance tariffs and other forms of economic protection with a trade liberalization policy, and to "ensure that trade flows as smoothly, predictably and freely as possible". Indeed, the WTO claims that its actions "cut living costs and raise standards, stimulate economic growth and development, help countries develop, [and] give the weak a stronger voice." Statistically speaking, global trade has consistently grown between one and six percent per annum over the past decade, and US$38.8 billion were allocated to Aid for Trade in 2016.
Joe Biden, President of the United States, served as Vice President from 2009 to 2017 and in the United States Senate from 1973 until 2009. A member of the Democratic Party, he made his second presidential run in 2008, later being announced as Democratic presidential nominee Barack Obama's running mate in 2008. He was elected vice president in 2008 and re-elected in 2012. In April 2019, Biden announced his 2020 presidential campaign. He became the presumptive Democratic nominee in April 2020, was formally nominated by the Democratic Party in August 2020, and defeated Republican incumbent Donald Trump in the November 2020 election.
Brad W. Setser is an American economist. He is a former staff economist at the United States Department of the Treasury, worked at Roubini Global Economics Monitor as Director of Global Research where he co-authored the book "Bailouts or Bail-ins?" with Nouriel Roubini, as a fellow for international economics at the Council on Foreign Relations, for the United States National Economic Council as Director of International Economics, for the United States Department of the Treasury, and as Deputy Assistant Secretary for International Economic Analysis as senior fellow for international economics at the Council on Foreign Relations.
The Institute for Agriculture and Trade Policy (IATP) is an international non-profit research and advocacy organization that promotes sustainable food, farm, and trade systems. IATP has offices in Minneapolis, Minnesota, Washington, D.C., Geneva, Switzerland and Berlin, Germany.
Thomas Edward Donilon is an American lawyer, business executive, and former government official who served as the 22nd National Security Advisor in the Obama administration from 2010 to 2013. Donilon also worked in the Carter and Clinton administrations, including as Chief of Staff of the U.S. State Department. He is now Chairman of the BlackRock Investment Institute, the firm's global think tank.
Jared Bernstein is an American economist who is the chair of the United States Council of Economic Advisers. He is a senior fellow at the Center on Budget and Policy Priorities. From 2009 to 2011, Bernstein was the chief economist and economic adviser to Vice President Joe Biden in the Obama Administration. In 2008, Michael D. Shear described Bernstein as a progressive and "a strong advocate for workers".
Brian Christopher Deese is an American economic and political advisor who was the 13th Director of the National Economic Council, serving under President Joe Biden.
Simon H. Johnson is a British American economist. He is the Ronald A. Kurtz Professor of Entrepreneurship at the MIT Sloan School of Management and a senior fellow at the Peterson Institute for International Economics. He has held a wide variety of academic and policy-related positions, including professor of economics at Duke University's Fuqua School of Business. From March 2007 through the end of August 2008, he was Chief Economist of the International Monetary Fund.
Stuart Malawer is an international trade lawyer, and distinguished service professor of law at George Mason University's Schar School of Policy and Government. He was a founding faculty member of both the Antonin Scalia Law School and Schar School of Policy and Government at George Mason University.
The United Kingdom-United States Free Trade Agreement (UKUSFTA) is a proposed free trade agreement between the United Kingdom and the United States. Negotiations began in 2020, but have since stagnated.
The presidential transition of Joe Biden began on November 7, 2020, and ended on January 20, 2021. Unlike previous presidential transitions, which normally take place during the roughly 10-week period between the election in the first week of November and the inauguration on January 20, Biden's presidential transition was shortened somewhat because the General Services Administration under the outgoing Trump administration did not recognize Biden as the "apparent winner" until November 23.
The first 100 days of Joe Biden's presidency began on January 20, 2021, the day Joe Biden was inaugurated as the 46th president of the United States. The first 100 days of a presidential term took on symbolic significance during Franklin D. Roosevelt's first term in office, and the period is considered a benchmark to measure the early success of a president. The 100th day of his presidency ended at noon on April 30, 2021.
International relations since 1989 covers the main trends in world affairs in the post–Cold War era.
The Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by U.S. President Joe Biden on May 23, 2022. The framework launched with fourteen participating founding member nations in the Indo-Pacific region with an open invitation for other countries to join.
