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NEWS RELEASE 03-002; January 6, 2003 January 6, 2003
News Release 03-002
Inv. No. 332-415

ITC RELEASES THIRD ANNUAL REPORT ON U.S. TRADE AND INVESTMENT WITH SUB-SAHARAN AFRICA

The U.S. International Trade Commission (ITC) today released U.S.-Trade and Investment with Sub-Saharan Africa, the third in a series of reports intended to assist the President in developing a comprehensive trade and development policy for the countries of sub-Saharan Africa.

The ITC, an independent, nonpartisan, fact-finding federal agency, conducted the investigation for the United States Trade Representative (USTR). As requested by USTR, the ITC's study is limited to the 48 countries of sub-Saharan Africa (SSA).

The current report provides an update for 2001 on U.S.-SSA trade and investment flows in major sectors; information on the African Growth and Opportunity Act (AGOA); a discussion of major developments in trade and economic policies that significantly affect U.S.-SSA bilateral trade and investment; an update on progress in regional integration in sub-Saharan Africa; and a compilation of multilateral assistance, U.S. bilateral assistance and trade-related initiatives related to sub-Saharan Africa. The report contains economic profiles for each of the 48 countries of sub-Saharan Africa and sector profiles for five major SSA export sectors: agricultural, fisheries, and forest products; chemicals; petroleum and energy-related products; minerals and metals; and textiles and apparel. Following are highlights of the report:

U.S.-Trade and Investment with Sub-Saharan Africa (Investigation No. 332-415, USITC Publication 3552, December 2002) will be available on the ITC's Internet server at www.usitc.gov. A CD of the report may be requested by calling 202-205-1809 or by writing 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.

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 requester. General factfinding investigation reports are subsequently released to the public, unless they are classified by the requester for national security reasons.

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