September 23, 1999
News Release 99-130
Inv. No. 332-406

IMPACT OF ECONOMIC SANCTIONS ON INDIA AND PAKISTAN APPEARS MINIMAL,
REPORTS ITC

U.S. economic sanctions imposed on India and Pakistan after those countries detonated nuclear explosive devices in May 1998 appear to have had a relatively minimal overall impact on India and a minimal but somewhat more pronounced adverse impact on Pakistan, reports the U.S. International Trade Commission (ITC) in its publication Overview and Analysis of the Economic Impact of U.S. Economic Sanctions with Respect to India and Pakistan.

The ITC, an independent, nonpartisan, factfinding federal agency, recently completed the investigation for the Committee on Ways and Means, U.S. House of Representatives.

The sanctions were required by section 102 of the Arms Export Control Act (also known as the "Glenn Amendment"). As requested, the ITC's report identifies the U.S. industries and agricultural commodities that were affected by the Glenn Amendment sanctions; analyzes the effects of the sanctions on the U.S. economy; and analyzes the likely impact of the sanctions on India and Pakistan. Highlights of the report follow.

The foregoing is from the ITC's report Overview and Analysis of the Economic Impact of U.S. Economic Sanctions with Respect to India and Pakistan (Investigation No. 332-406, USITC Publication 3236, September 1999). The report will be available on the ITC's Internet server at www.usitc.gov. A printed copy may be requested by calling 202-205-1809 or by writing 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.

-- 30 --