ITC ISSUES SECOND ANNUAL REPORT ON CERTAIN WOOL ARTICLES
The U.S. market for worsted wool fabrics that are cut and sewn into men's (and boys') tailored clothing in the United States fell in 2001, and available data indicate that the market could fall again in 2002, according to the U.S. International Trade Commission (ITC) in its report Certain Wool Articles: Second Annual Report on U.S. Market Conditions.
The Commission estimated that the U.S. market for the subject fabrics decreased from 19 million square meters in 2000 to 13 million-14 million square meters in 2001, and could fall to as low as 10 million-12 million square meters in 2002. The decline in demand reflected a decrease in domestic production of men's tailored clothing, competition from imports of both the fabrics and tailored clothing, and uncertain economic conditions, especially since the terrorist attacks of September 11, 2001.
The ITC, an independent, nonpartisan, factfinding federal agency, released a public version of the report today. The report is the second and final report issued as part of the ITC's general factfinding investigation, U.S. Market Conditions for Certain Wool Articles (Investigation No. 332-427), which was conducted at the request of the United States Trade Representative (USTR). As requested by the USTR, the Commission is providing information on U.S. market conditions for men's worsted wool tailored clothing, worsted wool fabrics used in such clothing, and inputs used in such fabrics. This report provides the requested data for 2001 and the first quarter of 2002. Highlights of the annual report follow.
Certain Wool Articles: Second Annual Report on U.S. Market Conditions (Investigation No. 332-427, USITC Publication 3544, September 2002) will be posted in the Publications section of the ITC's Internet site at www.usitc.gov. 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 be faxed to 202-205-2104.
ITC general factfinding investigations, such as this one, cover matters related to tariffs or trade, and are generally conducted at the request of the U.S. Trade Representative, the Senate Committee on Finance or the House Committee on Ways and Means. The resulting reports convey the Commission's objective findings and independent analyses on the subjects investigated. The Commission makes no recommendations on policy or other matters in its general factfinding reports. Upon completion of each investigation, the ITC submits its findings and analyses to the requestor. General factfinding investigation reports are subsequently released to the public unless they are classified by the requestor for national security reasons.