ITC Sets Schedule for Expanded Study of Cuban Imports
As recently requested by the Senate Finance Committee, the International Trade Commission has expanded the scope of its ongoing investigation of Cuban imports. No further public hearing is planned, but written submissions are due by Oct. 23 and the ITC’s final report is due by March 17, 2016.
The ITC was originally asked to provide (1) an overview of Cuba’s imports of goods and services from 2005 to the present, including major supplying countries, products and market segments; (2) a description of how U.S. restrictions on trade, including those relating to export financing terms and travel to Cuba by U.S. citizens, affect Cuban imports of U.S. goods and services; and (3) for sectors where the impact is likely to be significant, a qualitative and, to the extent possible, quantitative estimate of U.S. exports of goods and services to Cuba in the event that statutory, regulatory or other trade restrictions on U.S. exports of goods and services as well as travel to Cuba by U.S. citizens are lifted.
The ITC’s expanded investigation will also include (1) a qualitative analysis of existing Cuban non-tariff measures, institutional and infrastructural factors, and other barriers that inhibit or affect the ability of U.S. and non-U.S. firms to conduct business in and with Cuba (e.g., restrictions on trade and investment, property rights and ownership, customs duties and procedures, sanitary and phytosanitary measures, state trading, protection of intellectual property rights, and infrastructure as it affects telecommunications, port facilities, and the storage, transport and distribution of goods); (2) a qualitative analysis of any effects that such measures, factors and barriers would have on U.S. exports of goods and services to Cuba in the event of changes to statutory, regulatory or other trade restrictions on such exports; and (3) to the extent feasible, a quantitative analysis of the aggregate effects of Cuban tariff and non-tariff measures on the ability of U.S. and non-U.S. firms to conduct business in and with Cuba.