Economic Effects of Significant U.S. Import Restraints (Eighth Update) with Special Topic Chapter discussing The Role of Services in Manufacturing
USITC Publication 4440
Investigation No. 332-325
The U.S. International Trade Commission’s latest update in this series of reports presents results on the economic effects on the U.S. economy of removing significant U.S. import restraints, including U.S. tariffs and tariff-rate quotas on certain agricultural products, textiles and apparel, and other manufactured products.
The Commission estimates that liberalization of all significant import restraints quantified in this update would increase annual U.S. welfare by $1.1 billion by 2017.
The eighth update also features a special topic chapter on the role of services in manufacturing, which explores trends in U.S. manufacturers’ use of services and the contribution of services to manufacturing output and productivity. Among the chapter's highlights:
Effect of Certain Modifications to the North American Free Trade Agreement Rules of Origin
Investigation No. TA-103-027
USITC Publication 4438
Proposed modifications to the North American Free Trade Agreement (NAFTA) rules of origin are likely to have a negligible effect on U.S. industry, but they could result in a significant increase in U.S. trade for products covered by some of the proposed modifications, reports the U.S. International Trade Commission (USITC) in its new publication.
Prepared for the U.S. Trade Representative, the report provides advice on the probable economic effect of 212 proposed modifications to the NAFTA rules of origin on U.S. imports and exports under NAFTA, total U.S. imports and exports, and domestic industries producing the affected articles.
Caribbean Basin Economic Recovery Act: Impact on U.S. Industries and Consumers and on Beneficiary Countries, Twenty-first Report, 2011–12
Investigation No. 332-227
USITC Publication 4428
The overall effect of the Caribbean Basin Economic Recovery Act (CBERA) on the U.S. economy continues to be negligible, while the effect on U.S. consumers and beneficiary countries is small but positive, reports the U.S. International Trade Commission (USITC) in its most recent report monitoring imports under the program.
The USITC, an independent, nonpartisan, factfinding federal agency, recently issued its 20th report in a series monitoring imports under the CBERA. The CBERA program, operative since January 1, 1984, affords preferential tariff treatment to most products of the 16 designated Caribbean and South American countries that received CBERA benefits during the period covered in the report. A seventeenth country, Panama, was a CBERA member until October 2012, when the US-Panama FTA went into effect.
Renewable Energy and Related Services: Recent Developments
USITC Publication 4421
Investigation No. 332-534
Global demand for renewable energy services (consulting, engineering, construction, equipment maintenance and repair, etc.) has grown rapidly in the past five years as countries have worked to meet rising energy needs, reduce carbon output, and strengthen energy security, reports the U.S. International Trade Commission in its most recent publication.
Produced at the request of the U.S. Trade Representative, the report estimates the U.S. and global markets for, and discusses barriers to, trade and investment in services that are essential to the development, generation, and distribution of renewable energy.
The USITC found:
- Though few trade barriers apply specifically to the provision of renewable energy services, local content requirements applied to renewable energy equipment in many countries act as significant barriers to trade in related services, the agency found.