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NEWS RELEASE 03-104; OCTOBER 29, 2003 October 29, 2003
News Release 03-104
Inv. No. 332-449

ITC ISSUES 2002-03 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 2002, according to the U.S. International Trade Commission (ITC) in its report U.S. Market Conditions for Certain Wool Articles in 2002-03.

The ITC estimated that the U.S. market for the subject fabrics decreased from 13-14 million square meters in 2001 to 12.5 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.

The ITC, an independent, nonpartisan, factfinding federal agency, released a public version of the report today. The report is the first of two issued as part of the ITC's general factfinding investigation, U.S. Market Conditions for Certain Wool Articles in 2002-04 (Investigation No. 332-449), which was conducted at the request of the United States Trade Representative (USTR). As requested by the USTR, the ITC 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 2002 and year-to-date 2003. Highlights of the annual report follow.

U.S. Market Conditions for Certain Wool Articles in 2002-03 (Investigation No. 332-449, USITC Publication 3641, October 2003) 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 202-205-1821.

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.

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