December 22, 2023
News Release 23-116
Inv. No(s). 163-002
Contact: Jennifer Andberg, 202-205-1819
USITC RELEASES THE YEAR IN TRADE 2022

The U.S. International Trade Commission (USITC) today released The Year in Trade 2022 (Inv. No. 163-002), its annual overview of developments regarding the operation of the U.S. trade agreements program for 2022.

The USITC's The Year in Trade is one of the government's most comprehensive reports available regarding activities related to U.S. trade policies, agreements, and trade laws. This report is the 74th in a series of annual reports submitted to the U.S. Congress under section 163(c) of the Trade Act of 1974 (19 U.S.C. 2213(c)) and its predecessor legislation.

The publication provides a summary of U.S. international trade laws and actions under these laws, activities of the World Trade Organization (WTO), and developments regarding U.S. free trade agreements (FTAs), FTA negotiations, and U.S. bilateral trade relations with major trading partners in 2022.

In addition to a discussion on trade trends for Ukraine and Russia with their main partners in 2022, topics covered in The Year in Trade 2022 include:

  • Overview of the global trade environment;  
  • U.S. safeguard, antidumping, countervailing duty, intellectual property rights infringement, national security, and section 301 investigations and actions during 2022;
  • U.S. trade preference programs, including the U.S. Generalized System of Preferences, the Nepal Trade Preferences Act, the African Growth and Opportunity Act, and the Caribbean Basin Economic Recovery Act, including initiatives for Haiti;
  • WTO dispute settlement and other significant activities in the WTO; 
  • Developments under the Organisation for Economic Co-operation and Development, the Asia-Pacific Economic Cooperation forum, and other trade initiatives under negotiation, including the Indo-Pacific Economic Framework for Prosperity;
  • Implementation and enforcement under the United States-Mexico-Canada Agreement and other U.S. FTAs in force; and
  • Trade patterns and relationships with selected major U.S. partners—the European Union, Canada, Mexico, China, the United Kingdom, and India.

 

The report also provides an overview of U.S. trade in merchandise and services during 2022. Statistical tables highlight U.S. bilateral trade with major partners and trade under U.S. preference programs and FTAs.

The Year in Trade 2022 (USITC Publication 5476, December 2023) will be posted on the USITC's Internet site at https://www.usitc.gov/sites/default/files/publications/332/pub5476.pdf.

The home page of the report is available at: https://www.usitc.gov/publications/332/year_in_trade_2022.

The home page displays interactive figures and tables of underlying data on U.S. merchandise and services trade by country and by sector; U.S. imports under different trade preferences programs; information on Commission antidumping, countervailing duty, safeguard, and section 337 investigations; and information on WTO dispute settlement cases involving the United States. 

For more information about previous The Year in Trade reports, please refer to the Commission’s Investigations Database System (IDS): https://ids.usitc.gov/ 

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