November 6, 2008
News Release 08-106
Inv. No. 332-352
Contact: Peg O'Laughlin, 202-205-1819
ATPA'S IMPACT ON U.S. ECONOMY, DRUG CROP
STILL NEGLIGIBLE, SAYS ITC
Andean Trade Preference Act (ATPA) imports during 2007 continued to have a negligible overall effect on the U.S. economy and consumers, reports the U.S. International Trade Commission (ITC) in its study Andean Trade Preference Act: Impact on U.S. Industries and Consumers and on Drug Crop Eradication and Crop Substitution, Thirteenth Report, 2007
ATPA continued to have a small but indirect effect in reducing illicit coca cultivation and promoting crop substitution efforts in the Andean countries in 2007, the agency reported.
The ITC, an independent, nonpartisan, factfinding federal agency, recently issued its 13th report in a series monitoring imports under ATPA and the impact of ATPA on drug crop eradication and crop substitution. The ATPA program affords preferential tariff treatment to most products of Bolivia, Colombia, Ecuador, and Peru.
Shortly after the Commission delivered this report to the Congress and to the President on September 30, 2008, Congress passed and the President signed legislation that extends the President's authority to provide preferential treatment under the Andean Trade Preference Act (ATPA) by 1 year, through December 31, 2009, subject to certain country-specific exceptions for Bolivia and Ecuador. Highlights of the report, which covers calendar year 2007, follow:
Andean Trade Preference Act: Impact on U.S. Industries and Consumers and on Drug Crop Eradication and Crop Substitution, Thirteenth Report, 2007 (Inv. No. 332-352, USITC Publication No. 4037, September 2008) will be available on the ITC's Internet site at /publications/332/pub4037.pdf. The publication will also be available at federal depository libraries in the United States. A CD-ROM or printed copy of the report may be requested by emailing email@example.com, calling 202-205-2000, or writing to 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.