Detailed descriptions and texts of many U.S. trade agreements can be accessed through the Left Resource Center. Some free trade purists have criticized the aggressive use of the WTO dispute settlement system. However, the Clinton administration deliberately adopted a policy of using international law mechanisms to reaffirm the primacy of the multilateral system and to show domestic political critics that the United States could use the new system to advance its interests. This strategy was attacked by Congress and national interests, when the United States won cases at the WTO to find its trading partners, and in particular the EU, which opted for retaliatory measures instead of making changes to the controversial provisions. For its part, the United States has established a record of compliance with negative WTO decisions, but this may prove more difficult in the coming months. As far as the EU is concerned, the best way to say that the Clinton administration has managed to deepen and expand its relations with the EU and key European allies at a time of deepening integration, despite a series of high-shared trade disputes. The United States and the EU have a model to test the limits of the global trade system and then try to repair the system in a subsequent round of negotiations. The last decade has been no exception. But the escalation to the point where America is now facing a WTO ruling, which is moving to the minutes of national tax law, which could result in billions of retaliatory measures, when there is clearly no clear European constituency aggrieved by the alleged violations, is weighing on the relationship and internal political support for the trading system in general.
Three things are remarkable because they relate to the interaction between economic and international foreign policy. First, while it is generally accepted that the United States played a key role in asia`s financial stabilization, foreign perception of the U.S. role has been affected by a highly partisan debate about the U.S. financial contribution to the IMF and the inability of the United States to promise financing to Treaty ally Thailand because of restrictions imposed by the exchange rate stabilization fund imposed during the crisis. Second, as many trade negotiations do, although our security agenda is well served, if we help our friends and allies in times of financial crisis, the tone of taking your medicine is the abrupt tone of the U.S. commitment, which includes America in the role that the IMF`s strict conditions are linked to strict IMF conditions that can affect our relations. Third, trade policy was an integral part of the rapid recovery of the crisis. Although there have been some experiences on financial conditions, no country in crisis has significantly strayed from its open trade commitments. And the strength of the U.S. economy, coupled with President Clinton`s commitment to keep markets open, has been a key contribution to the recovery, despite the recession in Japan and weak growth in Europe.