USITC ISSUES FOLLOW-UP REPORT ON ECONOMIC EFFECTS OF SIGNIFICANT U.S. IMPORT RESTRAINTS

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Special Topic Chapter Explores the Role of Services in Manufacturing

The U.S. International Trade Commission (USITC) today issued an update of its report The Economic Effects of Significant U.S. Import Restraints.

The USITC, an independent, nonpartisan, factfinding federal agency, completed the report for the U.S. Trade Representative (USTR). The report is the eighth update in a series of reports to the USTR.

The report estimates changes in U.S. welfare, output, employment, and trade that would result from the unilateral elimination of significant 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 role of services in manufacturing is the subject of a special topic chapter in the report.

The Economic Effects of Significant U.S. Import Restraints: Eighth Update (Inv. No. 332-325, USITC Publication 4440, December 2013) is available on the USITC web site at

http://www.usitc.gov/publications/332/pub4440.pdf.

A CD-ROM or printed copy may be requested by emailing pubrequest@usitc.gov, calling 202-205-2000, or writing to the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436.

News Source : USITC ISSUES FOLLOW-UP REPORT ON ECONOMIC EFFECTS OF SIGNIFICANT U.S. IMPORT RESTRAINTS

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