Trade Agreement with Canada and Mexico to be Focus of ITC Investigation
The International Trade Commission has instituted an investigation to assess the likely impact of a trade agreement President Trump intends to enter into with Mexico and Canada to replace NAFTA.
For the U.S.-Mexico-Canada Trade Agreement to receive the expedited congressional consideration provided under the trade promotion authority law, the ITC must prepare a report that assesses the likely impact of the agreement on the U.S. economy as a whole, specific industry sectors, and the interests of U.S. consumers. This report, which will be made public, is due to the president and Congress no more than 105 days after the president signs the agreement, which he can do no earlier than Nov. 30.
The ITC will hold a public hearing in connection with this investigation Nov. 15 and requests to appear at the hearing are due by Oct. 29. Written submissions for the record are due by Dec. 20.