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What Determined 2015 TPA Voting Pattern?: The Role of Trade Negotiating Objectives

Author

Listed:
  • Yoon, Yeo Joon

    (Korea Institute for International Economic Policy)

  • Lee, Woong

    (Korea Institute for International Economic Policy)

Abstract

This paper analyzes 2015-TPA voting patterns in the Congress in the context of the trade negotiating objectives. By setting the trade negotiating objectives, the Congress lays out important trade agenda that the Administration is ex-pected to address when it is negotiating trade deals with foreign countries. Therefore setting the objectives is subject of heated debates in the Congress and an important part of TPA. LPM and probit models are used to evaluate the importance of each trade negotiating objectives in 2015-TPA voting deci-sions. It turns out that the objective on promoting U.S. agricultural exports by reducing unfair trade barriers positively affected the voting decision in favor of the TPA. The objective on enforcing strong labor standards on trade partners also had significant impacts. One other notable result is that how much each congressional region export to China was also an important de-terminant. This variable is meant to capture several negotiating objectives as well as growing worries of large trade deficits with China. This study docu-ments important issues that U.S. Congress is concerned about in making conducting and implementing trade policies. It may provide insights into the future course of U.S. trade policy and trade deals such as renegotiation of NAFTA and Korea-US FTA.

Suggested Citation

  • Yoon, Yeo Joon & Lee, Woong, 2017. "What Determined 2015 TPA Voting Pattern?: The Role of Trade Negotiating Objectives," Working Papers 17-8, Korea Institute for International Economic Policy.
  • Handle: RePEc:ris:kiepwp:2017_008
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    References listed on IDEAS

    as
    1. Baldwin, Robert E & Magee, Christopher S, 2000. "Is Trade Policy for Sale? Congressional Voting on Recent Trade Bills," Public Choice, Springer, vol. 105(1-2), pages 79-101, October.
    2. Paola Conconi & Giovanni Facchini & Maurizio Zanardi, 2012. "Fast-Track Authority and International Trade Negotiations," American Economic Journal: Economic Policy, American Economic Association, vol. 4(3), pages 146-189, August.
    3. repec:bla:worlde:v:23:y:2000:i:04:p:595-611 is not listed on IDEAS
    4. Keith E. Maskus & Mohamed Lahouel, 2000. "Competition Policy and Intellectual Property Rights in Developing Countries," The World Economy, Wiley Blackwell, vol. 23(4), pages 595-611, April.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Trade Agreements; Trade Promotion Authority; Voting;
    All these keywords.

    JEL classification:

    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • F10 - International Economics - - Trade - - - General

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