The U.S. International Trade Commission (ITC) today released its report assessing the bilateral trade promotion agreement (TPA) that the President has entered into with Colombia.

The ITC's report provides an assessment of the likely impact of the TPA on the U.S. economy and on specific industry sectors and consumers. The publication, U.S.-Colombia Trade Promotion Agreement: Potential Economy-wide and Selected Sectoral Effects, offers a comprehensive summary of all of the specific provisions in the agreement, as well as the changes to U.S. and Colombian tariffs provided for in the new agreement.

The Trade Act of 2002 requires the ITC to prepare a report that assesses the likely impact of proposed free trade agreements on the U.S. economy as a whole and on specific industry sectors and the interests of U.S. consumers. In preparing its assessment, the ITC also is required to review available economic assessments regarding the agreement in question, including literature regarding any substantially equivalent proposed agreement.

U.S.-Colombia Trade Promotion Agreement: Potential Economy-wide and Selected Sectoral Effects (Investigation No. TA-2104-023, USITC publication 3896, December 2006) will be posted in the Publications section of the ITC Internet site at www.usitc.gov. CD-ROM and printed copies may be requested by calling 202-205-2000 or by writing the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436. Requests may also be made by fax to 202-205-2104.