This book includes CRS reports on various security, trade and oil issues such as the OPEC and Non-OPEC Crude Oil Production Agreement, in which, in an effort to stabilize declining oil prices, the OPEC announced an agreement that would reduce crude oil production by approximately 1.2 million barrels per day (bpd) for 6 months starting January 1, 2017. The second chapter presents data on US merchandise (goods) trade with its Free Trade Agreement (FTA) partner countries. It also discusses the issues involved in using bilateral merchandise trade balances as a standard for measuring the economic effects of a particular FTA. The third chapter is a report that examines the differences in the trade data from the People’s Republic of China and the United States.
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