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NEWS RELEASE 99-141; OCTOBER 4, 1999 October 4, 1999
News Release 99-141
Invs. Nos. 332-227 and 332-352

ITC FINDS IMPACT OF CBERA AND ATPA IMPORTS NEGLIGIBLE

The overall effect of imports under the Caribbean Basin Economic Recovery Act (CBERA) and the Andean Trade Preference Act (ATPA) on the U.S. economy and consumers continued to be negligible in 1998, reports the U.S. International Trade Commission (ITC).

The ITC, an independent, nonpartisan, factfinding federal agency, recently issued its annual reports monitoring imports under the two programs in a single publication. The CBERA program, operative since January 1, 1984, affords preferential tariff treatment to most products of 24 designated Caribbean, Central American, and South American countries. The ATPA program, signed into law in December 1991, affords preferential tariff treatment to most products of Bolivia, Colombia, Ecuador, and Peru. These four Andean countries are the source of the coca plants from which most of the world's cocaine is produced or are major transit areas for cocaine. The ATPA's goal is to promote the development of sustainable economic alternatives to drug crop production by offering alternative, legal Andean products broader access to the U.S. market.

Following are highlights of the reports, Caribbean Basin Economic Recovery Act: Impact on U.S. Industries and Consumers, Fourteenth Report, 1998 and Andean Trade Preference Act: Impact on U.S. Industries and Consumers and on Drug Crop Eradication and Crop Substitution, Sixth Report, 1998:

Caribbean Basin Economic Recovery Act: Impact on U.S. Industries and Consumers, Fourteenth Report, 1998 and Andean Trade Preference Act: Impact on U.S. Industries and Consumers and on Drug Crop Eradication and Crop Substitution, Sixth Report, 1998 (Invs. Nos. 332-227 and 332-352, USITC Publication No. 3234, September 1999) will be available on the ITC's Internet server at http://www.usitc.gov. The publication will also be available at federal depository libraries in the United States. A printed copy may be requested by calling 202-205-1809 or by writing to the Office of the Secretary, U.S. International Trade Commission, 500 E Street, SW, Washington, DC 20436. Requests may also be faxed to 202- 205-2104.

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