ITC Institutes
Investigation on
Economic Growth and Development
in the Caribbean Region
At the request of the House Ways and Means Committee, the International
Trade Commission has instituted a Section 332 investigation entitled
"Caribbean Region Review of Economic Growth and Development."
ITC Report to Address
Caribbean Basin Economic Development Level, Etc.
In conjunction with this investigation, the ITC will prepare a report
that provides (1) an in-depth description of the current level of economic
development in the Caribbean Basin, at the regional level and the country
level; and (2) an overview of the economic literature on potential Caribbean
development.
The ITC will submit its report to the Committee by May 7, 2008.
CBTPA Will Expire on September
30, 2008 Unless Extended
The Committee requested that the ITC's report contain information that
will assist it in identifying the ways the U.S. trade and aid policy can
most help the Caribbean Basin and noted that the Caribbean Basin Trade
Partnership Act (CBTPA) will expire on September 30, 2008 (unless extended)
which would end temporary trade preferences for imports of apparel, petroleum
and petroleum products, and several other products not otherwise eligible for
preferences under the Caribbean Basin Economic Recovery Act (CBERA).
In addition, the Committee
expressed a need, in deciding on the best policy moving forward, to examine
past successes and failures of the region's economic growth, noting that there
are companies in the Caribbean that have found creative ways to use the
region's strengths to overcome its constraints and compete successfully in the
global market, and that their success may suggest ways that U.S. policy can
best assist the region.
-
requests
to appear at hearing due by 01/16/08
-
prehearing
briefs/statements due by 01/22/08
-
hearing on 01/29/08
-
post-hearing briefs/statements and all other
written submissions due by 02/05/08
ITC contact – Walker Pollard
(202) 205-3228
ITC notice (FR Pub 12/17/07)
available at http://a257.g.akamaitech.net/7/257/2422/01jan20071800/edocket.access.gpo.gov/2007/pdf/E7-24287.pdf.
ITC press release (07-124,
dated 12/12/07) available at http://www.usitc.gov/ext_relations/news_release/2007/er1212ee1.htm.
Published in ITT on December 28, 2007 | [Ref: 07122820] |
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