The Impact on the U.S. Economy of Including the United Kingdom in a Free Trade Arrangement with The United States, Canada, and Mexico

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Following receipt of a request on November 18, 1999, from the Senate Committee on Finance (Committee), the Commission instituted investigation No. 332-409, The Impact on the U.S. Economy of Including the United Kingdom in a Free Trade Arrangement with the United States, Canada, and Mexico, under section 332(g) of the Tariff Act of 1930 (19 U.S.C. 1332(g)). The Commission plans to submit its report by August 18, 2000. As requested by the Committee, the Commission will provide to the extent possible: An overview of the current economic relationship among the United States, Canada, Mexico, and the United Kingdom in terms of trade and investment flows, including a discussion of the key industries and comparative advantages of each country. Identification of all existing barriers (tariff and non- tariff) to trade and investment among the United States, Canada, Mexico, and the United Kingdom. For the United States and the United Kingdom, the estimated effect of eliminating these barriers on: The volume of trade in goods and services between the two countries; Gross Domestic Product for each country resulting from increased trade and investment Employment across industry sectors, with spe