Rules and Regulations. Institution of investigation and scheduling of public hearing

Agency: United States International Trade Commission
Action: Institution of investigation and scheduling of public hearing. EFFECTIVE DATE: February 4, 2002
Citation: FR Doc. 02-3198 · Investigation 332-438

Summary

Following receipt of a request on January 17, 2002, from the Senate Committee on Finance (Committee), the Commission instituted investigation No. 332-438, U.S.-Taiwan FTA: Likely Economic Impact of a Free Trade Agreement (FTA) Between the United States and Taiwan, under section 332(g) of the Tariff Act of 1930 (19 U.S.C. 1332(g)), to assess the likely impact of a free trade agreement between the United States and Taiwan. As requested by the Committee, the Commission plans to submit its report by October 17, 2002. As requested by the Committee, in its report the Commission will provide to the extent possible: • A general overview of the Taiwan economy; • An overview of the current economic relationship between the United States and Taiwan, including a discussion of the important industry sectors in each; • An inventory and analysis of the barriers (tariff and nontariff) to trade between the United States and Taiwan; • A dynamic, as well as a static, analysis of the economic effects of eliminating all quantifiable trade barriers (tariff and nontariff), with special attention to agricultural goods, on: • The volume of trade in goods and services between Taiwan and the United States; • Sectoral output and gross domestic product for Taiwan and the United States; • Wages and employment across industry sectors for each; and • Final prices paid by consumers in Taiwan and the United States. • A qualitative assessment of the effects of removing nonquantifiable trade barriers.