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NEWS RELEASE 00-051; APRIL 14, 2000 April 14, 2000
News Release 00-051
Inv. No. 332-413

ITC TO ANALYZE THE ECONOMIC IMPACT OF
U.S. SANCTIONS WITH RESPECT TO CUBA

The U.S. International Trade Commission (ITC) has launched a general factfinding investigation to assess the economic impact on the United States of U.S. sanctions on Cuba.

The investigation, The Economic Impact of U.S. Sanctions with Respect to Cuba (Inv. No. 332-413), was requested by the Committee on Ways and Means, U.S. House of Representatives, in a letter received March 15, 2000.

As requested, the ITC, an independent, nonpartisan, factfinding federal agency, will include the following in its report:

The ITC's economic analysis will include information on the above factors to the extent data are available and using, as appropriate, a combination of quantitative and qualitative analyses. The ITC will submit its report to the Committee by February 15, 2001.

The ITC will hold a public hearing in connection with this investigation. The hearing will be held on September 19, 2000, at 9:30 a.m. at the ITC Building, 500 E Street SW, Washington, DC. Requests to appear at the public hearing should be filed no later than 5:15 p.m. on August 29, 2000, with the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. For hearing-related information, contact the Office of the Secretary at 202-205-1806.

The ITC also welcomes written submissions for the record in this investigation. Written statements (one original and 14 copies) should be submitted at the earliest practical date but no later than October 4, 2000. All written submissions, except for confidential business information, will be available for public inspection. Written submissions should be addressed to the Secretary, United States International Trade Commission, 500 E Street SW, Washington, D.C. 20436.

Further information on the scope of this investigation and appropriate submissions is available in the ITC's notice of investigation, dated April 14, 2000, which may be obtained from the ITC Internet site (www.usitc.gov) or by contacting the Office of the Secretary at the above address or at 202-205-1806.

ITC general factfinding investigations, such as this one, cover matters related to tariffs or trade and are generally conducted at the request of the U.S. Trade Representative, the Senate Committee on Finance, or the House Committee on Ways and Means. The resulting reports convey the Commission's objective findings and independent analyses on the subjects investigated. The Commission makes no recommendations on policy or other matters in its general factfinding reports. Upon completion of each investigation, the ITC submits its findings and analyses to the requester. General factfinding investigation reports are subsequently released to the public, unless they are classified by the requester for national security reasons.

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