1、 https:/crsreports.congress.gov Updated October 13, 2021International Trade Agreements and Job EstimatesOverview The Obama Administration engaged in negotiations on two mega-regional free trade agreements (FTAs): the Trans-Pacific Partnership (TPP) among the United States and eleven other Asia-Pacif
2、ic countries and the U.S.-European Transatlantic Trade and Investment Partnership (T-TIP). Upon taking office, the Trump Administration withdraw from the TPP and the T-TIP. Discussions on TPP, T-TIP and other FTAs, including during recent elections, have focused attention on quantifying the impact o
3、f trade agreements on jobs in the U.S. economy. Economists and others often use sophisticated economic models to estimate the economic impact of trade agreements on the economy, particularly the impact on jobs and wages. The International Trade Commission (ITC), for instance, provides estimates of t
4、he impact of FTAs on the U.S. economy. Limitations of data and important theoretical and practical issues make it difficult to derive precise estimates of the impact of a particular trade agreement on the U.S. economy. Such models use a number of assumptions that are necessary to derive the results,
