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NEWS RELEASE 01-120; October 11, 2001 October 11, 2001
News Release 01-120
Inv. No. 332-425

U.S.-KOREA FTA WOULD INCREASE BILATERAL TRADE, REPORTS ITC

A U.S.-Korea free trade agreement (FTA) would result in increased bilateral trade, particularly in agriculture, textiles, apparel, and leather goods, reports the U.S. International Trade Commission (ITC) in its publication U.S.-Korea FTA: The Economic Impact of Establishing a Free Trade Agreement (FTA) Between the United States and the Republic of Korea.

The ITC, an independent, nonpartisan, factfinding federal agency, recently concluded the investigation for the U.S. Senate Committee on Finance. The report examines the economic impact of a U.S.-Korea FTA. Highlights of the report follow:

The foregoing information is from U.S.-Korea FTA: The Economic Impact of Establishing a Free Trade Agreement (FTA) Between the United States and the Republic of Korea (Investigation No. 332-425, USITC Publication 3452, September 2001). The report will be available on the USITC's Internet site at www.usitc.gov. A printed copy of the report 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 made by fax to 202-205-2104.

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 requestor. General factfinding investigation reports are subsequently released to the public, unless they are classified by the requestor for national security reasons.

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