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USITC to probe effect of duty-free imports from UK

23
Dec '18
USITC to probe effect of duty-free imports from UK
The US International Trade Commission (USITC) recently sought inputs for a newly initiated investigation into the probable economic effect of providing duty-free treatment for dutiable imports from the United Kingdom (UK) on US industries producing like or directly competitive products and on consumers. USITC will advise the US president on the issue.

The investigation was requested by the Office of the US Trade Representative (USTR) in November.

In addition, USITC will prepare an assessment of the probable economic effects of eliminating tariffs on imports from the UK of certain agricultural products on US industries producing the products concerned and on the country’s economy as a whole.

USITC, which will hold a public hearing related to the investigation on January 31, expects to submit its confidential report by May 8 next year, according to a press release from the commission.

USITC has also welcomed written submissions for the record. (DS)

Fibre2Fashion News Desk – India


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