The U.S. International Trade Commission (USITC) today released The Year in Trade 2016, its annual overview of developments regarding the administration of U.S. trade laws and trade agreements.
The USITC's The Year in Trade is one of the government's most comprehensive reports available regarding activities related to U.S. trade policies, agreements, and trade laws. This report is the 68th in a series of annual reports submitted to the U.S. Congress under section 163(c) of the Trade Act of 1974 (19 U.S.C. 2213(c)) and its predecessor legislation.
The publication reviews U.S. international trade laws and actions under these laws, activities of the World Trade Organization (WTO), and developments regarding U.S. free trade agreements (FTAs), FTA negotiations, and U.S. bilateral trade relations with major trading partners in 2016.
The Year in Trade 2016 covers:
- all U.S. antidumping, countervailing duty, safeguard, intellectual property rights infringement, and section 301 cases active in 2016. In addition, the 2016 report covers the operation of U.S. trade preference programs, including the U.S. Generalized System of Preferences, the African Growth and Opportunity Act, and the Caribbean Basin Economic Recovery Act, including initiatives for Haiti;
- WTO dispute settlement decisions and other significant activities in the WTO, the Organisation for Economic Co-operation and Development, and the Asia-Pacific Economic Cooperation forum;
- negotiations on an Environmental Goods Agreement, a Trade in Services Agreement, and the Transatlantic Trade and Investment Partnership, and developments regarding the North American Free Trade Agreement and other U.S. FTAs already in effect; and
- bilateral trade issues with selected major U.S. trading partners—the European Union, China, Canada, Mexico, Japan, South Korea, India, Taiwan, and Brazil—as well as Cuba.
The report also provides an overview of U.S. trade in goods and services during 2016. Statistical tables highlight U.S. bilateral trade with major trading partners and trade under U.S. trade preference programs and free trade agreements.
An interactive, web-based version of The Year in Trade 2016 will be released this Fall. A separate announcement will be made when that version is released.
The Year in Trade 2016 (USITC Publication 4711, July 2017) will be posted on the USITC's Internet site at https://www.usitc.gov/publications/332/pub4711.pdf. Other reports in this series dating back to 1948 can also be found on the Commission’s website at https://www.usitc.gov/research_and_analysis/year_in_trade.htm.