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1 1 (May 21, 2020)

handle is hein.crs/govdavx0001 and id is 1 raw text is: Researh Sevic LM The WTO Withdrawal Resolutions May 21, 2020 The United States was a major force behind the creation of the multilateral trading system that emerged after World War II. That system was based on negotiated rounds of trade liberalization and common trade rules, most recently through the Uruguay Round (1986-1994) and the establishment of the World Trade Organization (WTO) in 1995. The WTO, and the GeneralAgreement on Tariffs and Trade (GATT) before it, serves as the foundation of the world trading system. However, after 25 years, WTO's 164 members have been unable to conclude a new round of multilateral negotiations. Thus, greater debate has arisen among Members of Congress about the benefits of the WTO, as well as calls for reform and renewed negotiations. Section 125 of the Uruguay Round Agreements Act (URAA) (P.L. 103-465), which approved and implemented the Uruguay Round Agreements, requires the U.S. Trade Representative (USTR) to submit a report to Congress every five years analyzing the costs and benefits of U.S. participation in the WTO. Once Congress receives this report, any Member may introduce a privileged joint resolution proposing to withdraw congressional approval of the WTO Agreements. The Ways and Means Committee rationale for this possibility was to: provide an opportunity for the Congress to evaluate the transition ofthe GATT to the WTO andto assess periodically whether continuedmembership in this organization is in the best interest ofthe United States. It is the desire ofthe Committee not to leave this decision totally in the hands ofthe Executive Branch... This year, the House received the report on March 4, 2020, and the Senate on March 5. Withdrawal resolutions were introduced in the Senate (S.J.Res. 71, Hawley) on May 7, 2020, and in the House (H-J.Res. 89, DeFazio, Pallone) on May 12. The resolutions have been referred to the Senate Finance Committee and House Ways and Means Committee, respectively, in accordance with specified parliamentary procedure. Disapproval resolutions were introduced in prior years in the House in 2000 and 2005. They were reported adversely by the House Ways and Means Committee (HWMC) and defeated by relatively large margins. No resolutions were introduced in 2010 and 2015. Congressional Research Service https://crsreports.congress.gov INI 1399 com mi of Cong res',

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