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NEWS RELEASE 01-127; October 29, 2001 October 29, 2001
News Release 01-127
Inv. No. 332-433

ITC ISSUES REPORT ON THE PROBABLE ECONOMIC EFFECT OF ACCELERATED TARIFF ELIMINATION UNDER NAFTA

The elimination of U.S. tariffs under the North American Free Trade Agreement (NAFTA) on imports of certain footwear articles from Mexico will likely have little or no adverse effect on affected domestic industries, workers in these industries, or on consumers of the affected goods, according to the U.S. International Trade Commission (ITC) in its report NAFTA: Probable Economic Effect of Accelerated Tariff Elimination.

The ITC, an independent, nonpartisan, factfinding federal agency, released a public version of the report today. The investigation was conducted at the request of the United States Trade Representative (USTR). The ITC was asked to provide advice to the President and the USTR on the probable economic effect on domestic industries producing like or directly competitive articles, workers in these industries, and on consumers of the affected goods of the elimination of U.S. tariffs under the NAFTA for selected footwear articles from Mexico. The footwear articles are classifiable under 21 rate lines, or 8-digit subheadings, in the Harmonized Tariff Schedule of the United States (HTS). Highlights of the report follow:

NAFTA: Probable Economic Effect of Accelerated Tariff Elimination (Investigation No. 332-433, USITC Publication 3460, October 2001) will be posted in the Publications section of the ITC's Internet site at www.usitc.gov. 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 be faxed to 202-205-1821.

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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