September 20, 2024
News Release 24_092
Inv. No(s). 163-003
Contact: Jennifer Andberg, 202-205-1819
USITC Releases The Year in Trade 2023

The U.S. International Trade Commission (USITC) today released The Year in Trade 2023 (Inv. No. 163-003), its annual overview of developments regarding the operation of the U.S. trade agreements program for 2023.

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 75th 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 provides a summary of U.S. international trade laws and actions under these laws, activities of the World Trade Organization (WTO) and select multilateral institutions, and developments regarding U.S. free trade agreements (FTAs) and U.S. bilateral trade relations with major trading partners in 2023. In addition, topics covered in The Year in Trade 2023 include:

  • an overview of the global trade environment; 
  • U.S. safeguard, antidumping, countervailing duty, intellectual property rights infringement, national security, and section 301 investigations and actions during 2023;
  • U.S. trade preference programs, including the U.S. Generalized System of Preferences, the Nepal Trade Preferences Act, the African Growth and Opportunity Act, and the Caribbean Basin Economic Recovery Act, including initiatives for Haiti;
  • WTO dispute settlement and other significant activities in the WTO; 
  • developments under the Organisation for Economic Co-operation and Development, the Asia-Pacific Economic Cooperation forum, and trade initiatives under negotiation, including the Indo-Pacific Economic Framework for Prosperity and the Americas Partnership for Economic Prosperity;
  • implementation and enforcement of the United States-Mexico-Canada Agreement and other U.S. FTAs in force; and
  • trade patterns and developments in trading relationships with selected major U.S. partners—the European Union, Canada, Mexico, China, the United Kingdom, Japan, Taiwan, and Kenya.

The report and accompanying dashboard on the report home page provide an overview of U.S. trade in merchandise and services during 2023. Statistical tables highlight U.S. bilateral trade with major partners and trade under U.S. preference programs and FTAs.

The Year in Trade 2023 (USITC Publication 5547, September 2024) will be posted on the USITC's Internet site at https://www.usitc.gov/sites/default/files/publications/332/pub5547.pdf

The home page of the report is available at: www.usitc.gov/publications/332/year_in_trade_2023.  

The home page displays interactive figures and tables of underlying data on U.S. merchandise and services trade by country and by sector; U.S. imports under different trade preferences programs; information on Commission antidumping, countervailing duty, safeguard, and section 337 investigations; and information on WTO dispute settlement cases involving the United States. 

For more information about previous The Year in Trade reports, please refer to the Commission’s Investigations Database System (IDS): https://ids.usitc.gov/.

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