U.S. agency will study free trade treaty impacts

The U.S. International Trade Commission has initiated an investigation of the economic impact on the United States of all trade agreements with respect to which Congress has enacted an implementing bill under trade authorities procedures since Jan. 1, 1984.

The investigation, Economic Impact of Trade Agreements Implemented Under Trade Authorities Procedures, 2016 Report, is required by law.

The International Trade Commission, an independent, nonpartisan, fact-finding federal agency, will submit its report to the U.S. House of Representatives Committee on Ways and Means and the U.S. Senate Committee on Finance by next June 29.  The report is the first of two required by the statute. The Commission will submit a second report in five years.

The Commission’s report will cover the Uruguay Round Agreements, the North American Free Trade Agreement, and U.S. free trade agreements with Australia, Bahrain, Canada, Chile, Colombia, the Dominican Republic and the five Central American countries  of Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua, Israel, Jordan, Korea, Morocco, Oman, Panama, Perú, and Singapore.

The commission seeks input for this report from all interested parties. The agency will hold a public hearing in connection with the investigation on Nov. 17. Requests to appear at the hearing should be filed no later than 5:15 p.m. on Nov. 2,  with the Secretary, U.S. International Trade Commission, 500 E Street, SW, Washington, DC 20436.  For further information, those interested can call 202-205-2000.

The International Trade Commission said it also welcomes written submissions for the record. Written submissions should be addressed to the secretary of the commission at the above address and should be submitted at the earliest practical date, but no later than 5:15 p.m. next Feb. 5.  All written submissions, except for confidential business information, will be available for public inspection, the commission said.

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