ITC Releases Annual Review Of U.S. Trade Policy

In late August, the U.S. International Trade Commission released, The Year in Trade 2021, an overview of developments regarding the operation of the U.S. trade agreements program for 2021. This annual report is the federal government’s most comprehensive report available regarding activities related to U.S. trade policies, agreements, and laws.

In addition to discussion on the impacts of the COVID-19 pandemic and supply chain disruptions on international trade, the report examines:

• U.S. antidumping, countervailing duty, safeguard, intellectual property rights infringement, national security, and section 301 active cases;
• Amendments to the Harmonized Tariff Schedule of the United States, and the operation of U.S. trade preference programs, including the U.S. Generalized System of Preferences;
• World Trade Organization (WTO) dispute settlement decisions and other significant activities in the WTO and initiatives under the Organization for Economic Co-operation and Development and the Asia-Pacific Economic Cooperation forum;
• Implementation and enforcement matters under the United States-Canada-Mexico Agreement and other U.S. free trade agreements (FTAs);
• Bilateral trade issues with major U.S. trading partners, including the European Union, Mexico, Canada, China, Japan, the United Kingdom, and India; and
• An overview of U.S. trade in goods and services during 2021 with statistical tables that highlight U.S. bilateral trade with major trading partners and trade under U.S. trade preference programs and FTAs.

Read the full report  here. A dashboard of statistics contained in the report is available here.