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NEWS RELEASE 00-150; DECEMBER 8, 2000 December 8, 2000
News Release 00-150
Inv. No. 332-422

ITC TO ANALYZE THE ECONOMIC IMPACT OF A U.S.-SINGAPORE FREE TRADE AGREEMENT

The U.S. International Trade Commission (ITC) has launched an investigation to assess the economic impact on the United States of a free trade agreement (FTA) with Singapore.

The investigation, U.S.-Singapore Free Trade Agreement: Potential Trade and Economic Effects (Inv. No. 332-422), was requested by the United States Trade Representative (USTR) in a letter received November 27, 2000.

As requested, the ITC, an independent, nonpartisan, factfinding federal agency, will provide the USTR with a confidential report at the conclusion of its investigation. The report will include:

The ITC will submit its confidential report to the USTR by January 12, 2001.

The ITC will not hold a public hearing in connection with this investigation. However, the ITC 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 December 20, 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, DC 20436.

Further information on the scope of the investigation and appropriate submissions is available in the ITC's notice of investigation, dated December 7, 2000, which may be obtained from the ITC Internet site at 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 (like this one) they are classified by the requester for national security reasons.

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