Various trade agreements have created export opportunities for U.S. companies, and raised profits, employment, and wages in industries that serve expanding global markets. Meanwhile, WTO membership exerts influence on the U.S. government to keep our own market open to the global economy. American families benefit from this openness through access to a wider range of affordable goods and services, raising the real value of our paychecks. The competition from abroad spurs domestic producers to keep prices down, develop new and better products, and adopt more efficient production. The ability to import raw materials, capital equipment, and intermediate inputs, such as competitively priced steel and semiconductors, lowers the cost of production for U.S. producers and keeps them competitive in global markets.

More on Trade Agreements and the WTO

Cato Studies

The Obama Administration’s Trade Agenda Is Crumbling

By Daniel R. Pearson. Free Trade Bulletin. March 19, 2014.

A Compromise to Advance the Trade Agenda: Purge Negotiations of Investor-State Dispute Settlement

By Daniel J. Ikenson. Free Trade Bulletin No. 57. March 4, 2014.

Stay Off the Fast Track: Why Trade Promotion Authority Is Wrong for the Trans-Pacific Partnership

By K. William Watson. Free Trade Bulletin No. 56. December 19, 2013.

Articles

Finding the Boundaries of International Economic Law

Simon Lester. Journal of International Economic Law. Vol. 17. No. 1. February 24, 2014.

Have Regional and Bilateral Trade Agreements Usurped the WTO?

Daniel J. Ikenson. CQ Researcher. September 2013.

International Trade and Global Stability

Gerald P. O'Driscoll Jr.. Economic Affairs. Vol. 25. No. 2. June 2005.

Public Filings

The Pilot Program on NAFTA Long-Haul Trucking Provisions

By Daniel Griswold. Testimony. May 4, 2011.

Events

The Bitter Taste of Sugar Protectionism: How Congress and the U.S. Sugar Industry Kill Jobs, Raise the Cost of Living for Americans, and Compel U.S. Companies to Move Overseas

Featuring Daniel J. Ikenson and Daniel R. Pearson. June 13, 2014. Capitol Hill Briefing.

TPA, TPP, TTIP, and You: When Will We Enjoy the Fruits of the U.S. Trade Agenda?

Featuring Daniel J. Ikenson, Simon Lester, Daniel R. Pearson & K. William Watson. March 7, 2014. Capitol Hill Briefing.

Patents, Public Health, and International Law: The Eli Lilly NAFTA Chapter 11 Case

Featuring Simon Lester. January 16, 2014. Policy Forum.