April 7, 2011
News Release 11-032
Inv. No. 332-523
Contact: Peg O'Laughlin, 202-205-1819
USITC RELEASES REPORT ON THE U.S.-KOREA FTA
INCLUDING THE SUPPLEMENTAL AUTOS AGREEMENT
The U.S. International Trade Commission (USITC) today released its report on its assessment of the likely impact of the U.S.-Korea Free Trade Agreement on the U.S. passenger vehicle sector.
The investigation, U.S.-Korea Free Trade Agreement: Passenger Vehicle Sector Update, was requested by the U.S. House of Representatives' Committee on Ways and Means.
The USITC, an independent, nonpartisan, factfinding federal agency, provided analysis to the U.S. Trade Representative in 2007 in conjunction with the conclusion of negotiations between the United States and Korea on a bilateral free trade agreement. In its request letter, the Committee noted that the United States and Korea recently concluded additional passenger vehicle-related negotiations and requested that the Commission update its assessment of the KORUS FTA.
U.S.-Korea Free Trade Agreement: Passenger Vehicle Sector Update (Investigation No. 332-523, USITC Publication 4220, March 2011) will be available on the USITC's Internet site at http://www.usitc.gov/publications/332/pub4220.pdf. A CD-ROM of the report may be requested by e-mailing firstname.lastname@example.org, calling 202-205-2000, or contacting 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.
USITC 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 House Committee on Ways and Means, or the Senate Committee on Finance. 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 USITC 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.