September 30, 2009
News Release 09-072
Inv. No. 332-325
Contact: Peg O'Laughlin, 202-205-1819

USITC ISSUES FOLLOW-UP REPORT ON ECONOMIC EFFECTS OF SIGNIFICANT U.S. IMPORT RESTRAINTS

The U.S. International Trade Commission (USITC) today issued an update of its report The Economic Effects of Significant U.S. Import Restraints.

The USITC, an independent, nonpartisan, factfinding federal agency, completed the report for the U.S. Trade Representative (USTR). The report is the sixth update in a series of reports to the USTR.

The report estimates changes in U.S. welfare, output, employment, and trade that would result from the unilateral elimination of significant import restraints, specifically U.S. tariffs and tariff-rate quotas on certain agricultural products, textiles and apparel, and other manufactured products. Another chapter of the report summarizes U.S. trade policy since 1934. This part of the report also contains a survey of the economic literature on trade policy, including the literature on the quantitative effects of changes in trade policy.

The Economic Effects of Significant U.S. Import Restraints: Sixth Update (Inv. No. 332-325, USITC Publication 4094, August 2009) is available on the USITC web site at http://www.usitc.gov/publications/332/pub4094.pdf. A CD-ROM or printed copy may be requested by emailing pubrequest@usitc.gov, calling 202-205-2000, or writing to the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436.

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