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NEWS RELEASE 98-036; MAY 18, 1998 May 18, 1998
News Release 98-036
Inv. No. 332-372


Nontariff barriers (NTBs) have a major impact on trade involving Asia Pacific Economic Cooperation (APEC) economies, and economic welfare gains from NTB liberalization would likely far exceed those from removing tariffs, according to research presented at a U.S. International Trade Commission (ITC) symposium and included in the resulting ITC report, The Economic Implications of Liberalizing APEC Tariff and Nontariff Barriers to Trade.

The ITC, an independent, nonpartisan, factfinding federal agency, recently concluded the study for the U.S. Trade Representative (USTR), who had asked the ITC to organize the symposium. The symposium was held at the Commission on September 11 and 12, 1997, following a public call for papers on relevant topics. Symposium participants represented a broad spectrum of academic, research, and government institutions from a large number of APEC members. The ITC's report includes a summary and assessment of principal results of the symposium papers, the papers presented at the symposium, and critiques of those papers written by experts in the respective fields. Highlights of the report follow.

The foregoing is from The Economic Implications of Liberalizing APEC Tariff and Nontariff Barriers to Trade (Inv. No. 332-372, USITC publication 3101, April 1998). The report will be posted on the ITC's Internet server at A printed copy may be requested by calling 202-205-1809 or by writing to the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may also be faxed to 202-205-2104.

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