U.S.-UK 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.-United Kingdom Trade Agreement. A hearing will be held Jan. 31, requests to appear at the hearing are due Jan. 10, pre-hearing briefs are due Jan. 14, and post-hearing briefs and all other written comments are due by Feb. 11. The ITC expects to submit its report to the Office of the U.S. Trade Representative by May 8.
The ITC will examine the probable economic effect of providing duty-free treatment for imports of currently dutiable products from the UK 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 WTO.
USTR also asked the ITC to assess the probable economic effects of eliminating tariffs on imports from the UK of specified agricultural products on (i) industries in the U.S. producing the products concerned and (ii) the U.S. economy as a whole.