Glossary

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General Factfinding Investigations

The Commission conducts fact finding investigations and prepares reports on matters involving tariffs and trade under section 332 of the Tariff Act of 1930 (19 U.S.C. 1332), generally at the request of the U.S. Trade Representative (pursuant to authority delegated by the President), the House Committee on Ways and Means, or the Senate Committee on Finance. Past reports have provided information on such subjects as conditions of competition between a domestic and foreign industry, and economic factors and conditions affecting trade between the United States and a foreign country. Other recent reports have provided background information to assist U.S. negotiators in trade negotiations or to assist policy makers in formulating trade policy. The public versions of recently completed section 332 reports can be found on at http://www.usitc.gov/secretary/fed_reg_notices/332/completed/

Generalized System of Preferences (GSP)

The Generalized System of Preferences Program (GSP Program) is set out in title IV of the Trade Act of 1974 (19 U.S.C. 2461 et seq.). It authorizes the President, subject to certain conditions and limitations, to provide duty-free treatment for eligible articles imported from beneficiary developing countries. Before designating an article as eligible for duty-free treatment, the President must obtain the advice of the Commission on the probable economic effect of such designation (19 U.S.C. 2463(a)(1)(A), 2463(e)). Similarly, the President, before waiving the competitive need limitation in the statute, must obtain the Commission's advice on whether any U.S. industry would be adversely affected (19 U.S.C. 2463(d)) by such a waiver.

Global Safeguard Investigations

These are investigations that the Commission conducts under sections 201-204 of the Trade Act of 1974 (19 U.S.C. 2251-2254) to determine whether a product is being imported into the United States in such increased quantities as to be a substantial cause of serious injury or threat of serious injury to the domestic industry producing a like or directly competitive product. In making its determination, the Commission considers imports from all sources. If the Commission makes an affirmative determination, it recommends a remedy to the President; the President makes the final decision on remedy, including the amount and duration. The Commission conducts such investigations on the basis of a petition filed by a domestic industry, upon receipt of a request from the President or the U.S. Trade Representative, or upon receipt of a resolution from House Committee on Ways and Means or the Senate Committee on Finance. The most recent Commission reports in section 201 investigations can be viewed on the Commission's website at http://www.usitc.gov/secretary/fed_reg_notices/Safeguard_201_204_421/completed/.