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

Yeo Joon Yoon () and Woong Lee
Additional contact information
Yeo Joon Yoon: Korea Institute for International Economic Policy

No 17-8, Working Papers from 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.

Keywords: Trade Agreements; Trade Promotion Authority; Voting (search for similar items in EconPapers)
JEL-codes: D72 F10 (search for similar items in EconPapers)
Pages: 40 pages
Date: 2017-12-27
New Economics Papers: this item is included in nep-int and nep-pol
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ssrn.com/abstract=3112146 Full text (application/pdf)

Related works:
Working Paper: What Determined 2015 TPA Voting Pattern?: The Role of Trade Negotiating Objectives (2018)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:kiepwp:2017_008

Access Statistics for this paper

More papers in Working Papers from Korea Institute for International Economic Policy [30147] 3rd Floor Building C Sejong National Research Complex 370 Sicheong-daero Sejong-si, Korea. Contact information at EDIRC.
Bibliographic data for series maintained by Juwon Seo ( this e-mail address is bad, please contact ).