The U.S. International Trade Commission (ITC) announced an investigation to assess the “likely impact” of a trade agreement that the president announced he intends to enter into with Mexico and Canada.
An ITC release explains that the investigation was requested by the U.S. Trade Representative.
U.S. law requires the ITC to prepare a report that assesses the likely impact of an agreement on the U.S. economy as a whole and on specific industry sectors and the interests of U.S. consumers. The report is due to the president and the Congress no more than 105 days after the president signs the agreement, which he can do 90 days after he notifies Congress of his intent to do so. The president notified Congress on 31 August 2018.
The ITC will hold a public hearing in connection with its investigation on 15 November 2018. Requests to appear at the hearing are due by 29 October 2018. Written submissions are due by 20 December 2018.
For more information on this topic or to learn more about KPMG’s Trade & Customs Services, contact:
John L. McLoughlin
Luis (Lou) Abad
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