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NEWS RELEASE 04-011; JANUARY 27, 2004 January 27, 2004
News Release 04-011
Inv. No. 332-415

ITC RELEASES FOURTH 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 fourth 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, factfinding 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 2002 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 significant to U.S.-SSA bilateral trade and investment; an update on progress in regional integration in SSA; and a compilation of multilateral assistance, U.S. bilateral assistance, and trade-related initiatives related to SSA. The report contains economic profiles for each of the 48 countries of SSA and sector profiles for six major SSA sectors: agriculture, fisheries, and forest products; chemicals and related products; petroleum and energy-related products; minerals and metals; textiles and apparel; and certain transportation equipment. Following are highlights of the report:

U.S.-Trade and Investment with Sub-Saharan Africa (Investigation No. 332-415, USITC Publication 3650, December 2003) 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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