U.S.-Japan Trade Agreement to be Focus of ITC Investigation
The International Trade Commission has initiated an investigation of the probable economic effect of the proposed U.S.-Japan Trade Agreement. A hearing will be held Dec. 6, pre-hearing briefs are due by Nov. 30, and post-hearing briefs and all other written comments are due by Dec. 13. The ITC expects to submit its report to the Office of the U.S. Trade Representative by Jan. 24.
The ITC will examine the probable economic effect of providing duty-free treatment for imports of currently dutiable products from Japan on (i) industries in the U.S. producing like or directly competitive products and (ii) consumers. USTR asked that the ITC’s analysis consider each article in HTSUS chapters 1 through 97 for which U.S. tariffs will remain, taking into account implementation of U.S. commitments in the World Trade Organization.
USTR also asked the ITC to assess the probable economic effects of eliminating tariffs on imports from Japan of specified agricultural products on (i) industries in the U.S. producing the products concerned and (ii) the U.S. economy as a whole.