ITC ISSUES INTERIM REPORT ON U.S. MARKET CONDITIONS
FOR CERTAIN WOOL ARTICLES
The U.S. market for men's wool tailored clothing has grown during the past five years, according to the U.S. International Trade Commission (ITC) in its report Certain Wool Articles: Interim Report on U.S. Market Conditions.
The ITC, an independent, nonpartisan, factfinding federal agency, released a public version of the report today. The report is the first of three to be issued as part of the ITC's general factfinding investigation U.S. Market Conditions for Certain Wool Articles (Investigation No. 332-427), which is being conducted at the request of the United States Trade Representative (USTR). The interim report will be followed by two annual reports, which are scheduled to be submitted to USTR by September 17, 2001, and September 16, 2002.
In the request letter, the USTR noted that the Trade and Development Act of 2000 temporarily reduces tariffs and establishes tariff rate quotas (TRQs) for imports of worsted wool fabrics used in men's (and boys') suits, sport coats, and trousers. As requested by the USTR, the Commission is providing information on U.S. market conditions for men's worsted wool clothing, worsted wool fabric and yarn used in such clothing, and wool fibers used in such fabric and yarn. Highlights of the interim report follow.
Certain Wool Articles: Interim Report on U.S. Market Conditions (Investigation No. 332-427, USITC Publication 3422, May 2001) will be posted in the Publications section of the ITC's Internet site at www.usitc.gov. A printed copy may be requested by calling 202-205-1809 or by writing to the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington DC 20436. Requests may be faxed to 202-205-1821.
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.