October 14, 2010
News Release 10-115
Inv. No. 332-325
Contact: Peg O'Laughlin, 202-205-1819
USITC TO UPDATE REPORT ON EFFECTS OF U.S. IMPORT
Seventh Report Will Also Examine Global Supply
The U.S. International Trade Commission (USITC) has begun an update of its report on the effects of significant U.S. import restraints. The report will also examine global supply chains and U.S. involvement in these chains.
The investigation, The Economic Effects of Significant U.S. Import Restraints: Seventh Update Special Topic: Global Supply Chains, was requested by the U.S. Trade Representative (USTR) in a letter received on August 16, 2010.
In his request letter, the USTR noted that previous updates have shown that the costs imposed by U.S. import restraints "have declined markedly since 1992."
The seventh update will contain two parts. The first part will assess the economic effects of significant import restraints on U.S. consumers, workers, and firms. As in the past, as requested by the USTR, the USITC will not assess import restraints resulting from antidumping or countervailing duty investigations, section 337 and 406 investigations, or section 301 actions.
The second part of the report will provide an overview of global supply chains and the economic forces behind them. It will also describe U.S. involvement in these chains and discuss the effects that this phenomenon may have on the United States.
The USITC will hold a public hearing in connection with investigation at 9:30 a.m. on December 16, 2010. Requests to appear at the hearing should be filed no later than 5:15 p.m. on November 29, 2010, with the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. For further information, call 202-205-2000.
The USITC also welcomes written submissions for the record. Written submissions (one original and 14 copies) should be addressed to the Secretary at the above address and should be submitted at the earliest practical date, but no later than 5:15 p.m. on November 29, 2010. All written submissions, except for confidential business information, will be available for public inspection.
Further information on the scope of the investigations and appropriate submissions is available in the USITC's notice of investigation, dated October 14, 2010, which can be obtained from the USITC Internet site (www.usitc.gov) or by contacting the Office of the Secretary at 202-205-2000.
USITC general factfinding investigations, such as these, cover matters related to tariffs or trade and are generally conducted at the request of the U.S. Trade Representative, the House Committee on Ways and Means, and the Senate Committee on Finance. The resulting reports convey the Commission's objective findings and independent analyses on the subject investigated. The Commission makes no recommendations on policy or other matters in its general factfinding reports. Upon completion of each investigation, the USITC submits its findings and analyses to the requester. General factfinding investigations reports are subsequently released to the public, unless they are classified by the requester for national security reasons.