The U.S. International Trade Commission (USITC) has submitted to Congress a statutorily required report related to the President’s request to Congress for an extension of his trade authorities procedures.
The President submitted a request to Congress on March 20, 2018, for an extension of trade authorities procedures, commonly known as trade promotion authority. At the same time, the USTR notified the USITC of the President’s request. The Bipartisan Congressional Trade Priorities and Accountability Act of 2015 (Bipartisan Trade Act) requires the USITC, having been notified of the President’s request, to provide a report to Congress that contains a review and analysis of the economic impact on the United States of all trade agreements implemented between the date of the enactment of the Bipartisan Trade Act and the date of the President’s notification to Congress.
The USITC, an independent, nonpartisan, factfinding federal agency, found that no trade agreements were implemented under the Bipartisan Trade Act between the date of its enactment and March 20, 2018. While at least one trade agreement was negotiated during this period, the Trans-Pacific Partnership Agreement, it was not implemented during this period.
Trade Authorities Extension: Economic Impact of Trade Agreements Implemented under the Bipartisan Trade Act of 2015 (Investigation No. 332-566, USITC publication 4792, June 2018) is available on the USITC's Internet site at https://www.usitc.gov/publications/332/pub4792.pdf.