Economywide Simulation Modeling: Technical Analysis of the Free Trade Area of the Americas

Resumo

Following receipt on July 21, 2003, of a request from the United States Trade Representative (USTR) under section 332(g) of the Tariff Act of 1930 (19 U.S.C. 1332 (g)), the Commission instituted investigation No. 332-457, Economywide Simulation Modeling: Technical Analysis of the Free Trade Area of the Americas. Background: The USTR stated that the purpose of the investigation and report is to assist the Administration in examining the economic impacts that might result from the Free Trade Area of the Americas (FTAA) by attempting to link large-scale models. As requested by the USTR, the Commission will provide a report to the USTR containing the following: (1) Changes in production, trade, and prices that may be associated with implementation of the Free Trade Area of the Americas (FTAA) with specified regional and sectoral aggregations, as estimated using the Commission's U.S. CGE (computable general equilibrium) Model, and (2) trade policy changes to be used with specified regional and sectoral aggregations, as employed in the Global Trade Analysis Project (GTAP) CGE Model. As requested by the USTR, the Commission will provide its report no later than 6 months from the date of r