Error processing SSI file
NEWS RELEASE 02-011; JANUARY 24, 2002 January 24, 2002
News Release 02-011
Inv. No. 332-415

ITC RELEASES SECOND ANNUAL REPORT ON U.S. TRADE AND INVESTMENT WITH SUB-SAHARAN AFRICA

The U.S. International Trade Commission (ITC) today released U.S. Trade and Investment with Sub-Saharan Africa, the second report in a series of five intended to assist the President in developing a comprehensive trade and development policy for the countries of Africa.

The ITC, an independent, nonpartisan, factfinding federal agency, conducted the investigation for the United States Trade Representative (USTR). As requested, the ITC's study is limited to the 48 countries of sub-Saharan Africa. The current report provides an update for 2000 on U.S.-Africa trade and investment flows in major sectors; an identification of major developments in U.S. trade and economic policy and commercial activities that significantly affect bilateral trade and investment with the region; information on changing trade and economic activities within individual countries; and an update on progress in regional integration in Africa. The report also contains an economic profile for each of the countries of sub-Saharan Africa. In addition, the ITC posts updated data from the report periodically on the ITC website. Data on quarterly U.S. trade with sub-Saharan African countries as well as sectoral trade with those countries can be accessed at www.usitc.gov/tradereports/africa/. The website contains trade data relating to the new African Growth and Opportunity Act (AGOA).

Following are some highlights of the report:

U.S. Trade and Investment with Sub-Saharan Africa (Investigation No. 332-415, USITC Publication 3476, December 2001) 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.

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.

-- 30 --