June 13, 2008
News Release 08-056
Inv. No. 332-496
Contact: Peg O'Laughlin, 202-205-1819


ITC REPORTS ON CARIBBEAN GROWTH AND DEVELOPMENT

House Ways and Means Committee Asked for Study To Help Identify Best Ways to Aid Region


The U.S. International Trade Commission (ITC or Commission) today released Caribbean Region: Review of Economic Growth and Development, a report requested by the U.S. House of Representatives' Committee on Ways and Means to help it identify ways that U.S. trade and aid policy can most help the Caribbean Basin.

In its request for the investigation, the Committee expressed a need, in deciding on the best policy for the region moving forward, to examine past successes and failures of the Caribbean Basin's economic growth.

As requested, the ITC, an independent, factfinding, federal agency, provided an in-depth description of the current level of economic development in the Caribbean Basin at the regional level and the country level. The ITC reviewed the economic literature on potential Caribbean development and information provided at a hearing and in written submissions to identify possible future development strategies for the region as well as challenges facing Caribbean countries and possible ways of addressing them. Highlights of the report follow.

Caribbean Region: Review of Economic Growth and Development (Investigation No. 332-496, USITC Publication 4000, May 2008) will be available on the ITC's Internet site at /publications/332/pub4000.pdf. A CD-ROM of the report may be requested by e-mailing pubrequest@usitc.gov, calling 202-205-2000, or 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 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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