December 21, 2012
News Release 12-123
Inv. No. 332-325
Contact: Peg O'Laughlin, 202-205-1819
The U.S. International Trade Commission (USITC) has begun an update of its report on the effects of significant U.S. import restraints. The report will also examine the contribution of services to U.S. manufacturing.
The report, The Economic Effects of Significant U.S. Import Restraints: Eighth Update Special Topic: Services' Contribution to Manufacturing, was requested by the U.S. Trade Representative (USTR) in a letter received on November 2, 2012. In the letter, the USTR noted that rapid growth and technological change in services are affecting economic activity throughout the world and that "a thoughtful review of the contributions of services (both U.S. and global) to U.S. manufacturing that is accessible to a wide audience would be a useful special topic in the report."
The eighth update will contain two parts. The first part will assess the economic effects of significant import restraints on U.S. consumers, workers, and firms. As in the past, and as requested by the USTR, the USITC will not assess import restraints resulting from antidumping or countervailing duty investigations, section 337 and 406 investigations, or section 301 actions.
The second part of the report will provide an overview of the contribution of both U.S. and global services to U.S. manufacturing. It will also describe recent trends in U.S. sourcing of services and their effect on manufacturing output and productivity, and it will identify sectors that have experienced the greatest changes. To the extent practicable, the report will also discuss the indirect contribution of services to merchandise exports.
The USITC will hold a public hearing in connection with investigation at 9:30 a.m. on March 19, 2013. Requests to appear at the hearing should be filed no later than 5:15 p.m. on March 6, 2013, with the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. For further information, call 202-205-2000.
The USITC also welcomes written submissions for the record. Written submissions should be addressed to the Secretary at the above address and should be submitted at the earliest practical date, but no later than 5:15 p.m. on April 12, 2013. All written submissions, except for confidential business information, will be available for public inspection.
Further information on the scope of the investigations and appropriate submissions is available in the USITC's notice of investigation, dated December 20, 2012, which can be obtained from the USITC Internet site (www.usitc.gov) or by contacting the Office of the Secretary at 202-205-2000.
USITC general factfinding investigations, such as these, 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, and the Senate Committee on Finance. The resulting reports convey the Commission's objective findings and independent analyses on the subject 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 investigations reports are subsequently released to the public, unless they are classified by the requester for national security reasons.