ITC FINDS IMPACT OF ATPA IMPORTS NEGLIGIBLE
The overall effect of imports under the Andean Trade Preference Act (ATPA) on the U.S. economy and consumers continued to be negligible in 2002, reports the U.S. International Trade Commission. U.S. imports under ATPA declined 40 percent in 2002 compared with 2001, largely due to the fact that the ATPA expired in December 2001 and was not renewed until August 2002.
The ITC, an independent, nonpartisan, factfinding federal agency, recently issued its ninth report in a series monitoring imports under the ATPA. The ATPA program affords preferential tariff treatment to most products of Bolivia, Colombia, Ecuador, and Peru. The ATPA's goal is to promote the development of sustainable economic alternatives to illegal drug crop production by offering alternative, legal Andean products broader access to the U.S. market. The four Andean countries are the source of the coca plants from which most of the world's cocaine is produced or are major transit areas for cocaine.
The ATPA was renewed and amended on August 6, 2002, under the Andean Trade Promotion and Drug Eradication Act (ATPDEA), which authorized the extension of tariff preferences to additional products. Expanded imports under the ATPA began in October 2002.
Following are highlights of the report, Andean Trade Preference Act: Impact on U.S. Industries and Consumers and on Drug Crop Eradication and Crop Substitution, Ninth Report, 2002:
Andean Trade Preference Act: Impact on U.S. Industries and Consumers and on Drug Crop Eradication and Crop Substitution, Ninth Report, 2002 (Inv. No. 332-352, USITC Publication No. 3637, September 2003) will be available on the ITC's Internet server at www.usitc.gov. 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 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 also be faxed to 202-205-2104.