U.S. ITC Releases “The Year in Trade 2007”

(U.S. International Trade Commission)

The U.S. International Trade Commission (ITC) today released The Year in Trade 2007, its annual overview of the previous year’s trade-related activities.

The ITC’s The Year in Trade is one of the government’s most comprehensive reports of U.S. trade-related activities, covering major multilateral, regional, and bilateral developments.

The publication provides a practical review of U.S. international trade laws and actions in 2007, a summary of the operation of the World Trade Organization (WTO), and an overview of U.S. free trade agreements and negotiations and of U.S. bilateral trade relations with major trading partners.

The Year in Trade 2007 includes complete listings of antidumping, countervailing duty, safeguard, intellectual property rights infringement, and section 301 cases undertaken by the U.S. government in 2007. In addition, the 2007 report covers:

• the operation of the U.S. Generalized System of Preferences, the African Growth and Opportunity Act, the Andean Trade Preference Act, and the Caribbean Basin Economic Recovery Act;

• U.S. textile and apparel imports and developments in textile and apparel trade with selected partners;

• significant activities in the WTO, including its dispute settlement mechanism; the Organization for Economic Cooperation and Development; and the Asia-Pacific Economic Cooperation forum;

• developments in U.S. free trade agreements, including the agreements signed in 2007 with Panama and Korea, and activities under the North American Free Trade Agreement; and

• bilateral trade issues with major U.S. trading partners, including the European Union, Canada, China, Mexico, Japan, Korea, Taiwan, and India.

Statistical tables highlight U.S. bilateral trade with major trading partners and trade under U.S. trade preference programs. In addition, data on U.S. private services trade are included in this edition of the report (PDF format, 229 pages).