2021 Trade Policy Agenda and 2020 Annual Report

1 2021 Trade Policy Agenda and 2020 Annual ReportOF THE PRESIDENT OF THE UNITED STATES ON THE Trade AGREEMENTS PROGRAMUNITED STATES Trade REPRESENTATIVEFOREWORD The 2021 Trade Policy Agenda and 2020 Annual Report of the President of the United States on the Trade Agreements Program are submitted to the Congress pursuant to Section 163 of the Trade Act of 1974, as amended (19 2213). Chapter IV and Annex III of this document meet the requirements of Sections 122 and 124 of the Uruguay Round Agreements Act with respect to the World Trade Organization.

2 The discussion on the Generalized System of Preferences in Chapter II satisfies the reporting requirement contained in the Consolidated Appropriations Act, 2018 (Pub. L. 115-141, div. M, title V, 501(c)). This Report includes an annex listing Trade agreements entered into by the United States since 1984. Goods Trade data are for full year 2020. Full-year services data by country are only available through 2019. The Office of the United States Trade Representative is responsible for the preparation of this Report and gratefully acknowledges the contributions of all USTR staff to its writing and production.

3 We note, in particular, the contributions of Julie McNees and Spencer Smith. Appreciation is extended to partner Trade Policy Staff Committee agencies. March 2021 LIST OF FREQUENTLY USED ACRONYMS AGOA .. African Growth and Opportunity Act APEC .. Asia-Pacific Economic Cooperation ASEAN .. Association of Southeast Asian Nations CAFTA DR .. Dominican Republic Central America United States Free Trade Agreement Caribbean Basin Economic Recovery Act Caribbean Basin Initiative CVD .. Countervailing Duty DOL.

4 Department of Labor DSB .. WTO Dispute Settlement Body DSU .. WTO Dispute Settlement Understanding EU1 .. European Union FOIA .. Freedom of Information Act GATT .. General Agreement on Tariffs and Trade GATS .. General Agreement on Trade in Services GDP .. Gross Domestic Product GI .. Geographical Indications GPA .. WTO Agreement on Government Procurement GSP .. Generalized System of Preferences ICTIME .. Interagency Center on Trade Implementation, Monitoring, and Enforcement ILO .. International Labor Organization IP.

5 Intellectual Property ITA .. WTO Information Technology Agreement KORUS .. United States Korea Free Trade Agreement MFN .. Most-Favored-Nation MOU .. Memorandum of Understanding NAFTA .. North American Free Trade Agreement OECD .. The Organization for Economic Cooperation and Development SBA .. Small Business Administration SME .. Small and Medium-Sized Enterprise SPS .. Sanitary and Phytosanitary TAA .. Trade Adjustment Assistance TBT .. Technical Barriers to Trade TFA .. WTO Trade Facilitation Agreement TIFA.

6 Trade and Investment Framework Agreement TPSC .. Trade Policy Staff Committee TRIPS .. Trade -Related Aspects of Intellectual Property Rights 1 Unless specified otherwise, all references to the European Union refer to the EU-28. TRQ .. Tariff-Rate Quota USAID .. Agency for International Development USDA .. Department of Agriculture USMCA .. United States Mexico Canada Agreement USTR .. United States Trade Representative WTO .. World Trade Organization TABLE OF CONTENTS THE PRESIDENT S 2021 Trade Policy Agenda THE PRESIDENT S Trade Policy Agenda .

7 1 THE 2020 Annual Report OF THE PRESIDENT ON THE Trade AGREEMENTS PROGRAM THE 2020 Annual Report OF THE PRESIDENT ON THE Trade AGREEMENTS 1 I. AGREEMENTS AND NEGOTIATIONS .. 1 A. Agreements Notified for Negotiation .. 1 1. United States European Union Trade Agreement .. 1 2. United States Japan Trade Agreement and United States Japan Digital Trade Agreement .. 1 3. United States Kenya Trade Agreement .. 1 4. United States United Kingdom Trade Agreement .. 2 B. Concluded Agreements .. 3 1. United States China Economic and Trade Agreement.

8 3 2. United States and European Union Trade Agreement Regarding Tariffs on Certain Products .. 3 3. United States Brazil Agreement on Trade and Economic Cooperation .. 3 4. United States Ecuador Protocol to the Trade and Investment Council Agreement Relating to Trade Rules and Transparency .. 3 5. United States Fiji Trade and Investment Framework Agreement .. 4 C. Free Trade Agreements in Force .. 4 1. Australia .. 4 2. Bahrain .. 4 3. Central America and the Dominican Republic .. 5 4. Chile .. 9 5. Colombia .. 10 6. Israel.

9 11 7. Jordan .. 12 8. Korea .. 13 9. Mexico and Canada .. 14 10. Morocco .. 17 11. Oman .. 19 12. Panama .. 19 13. Peru .. 20 14. Singapore .. 22 D. Other Negotiating Initiatives .. 22 1. The Americas .. 22 2. Europe and the Middle East .. 24 3. Japan, Republic of Korea, and the Asia-Pacific Economic Cooperation Forum .. 27 4. China, Hong Kong, Taiwan, and Mongolia .. 29 5. Southeast Asia and the Pacific .. 31 6. Sub-Saharan Africa .. 32 7. South and Central Asia .. 34 II. Trade ENFORCEMENT ACTIVITIES .. 37 A. Overview.

10 37 B. Section 301 .. 39 1. China s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation .. 40 2. European Union Measures Concerning Meat and Meat Products (Hormones) .. 42 3. Digital Services Taxes .. 44 4. Enforcement of WTO Rights in European Union Large Civil Aircraft Dispute .. 47 5. Vietnam s Acts, Policies, and Practices Related to the Import and Use of Illegal Timber .. 49 6. Vietnam s Acts, Policies, and Practices Related to Currency Valuation .. 49 C. Section 201.