[Federal Register Volume 62, Number 237 (Wednesday, December 10, 1997)]
[Notices]
[Pages 65092-65093]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-32336]


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INTERNATIONAL TRADE COMMISSION

[Investigation No. 332-325]


The Economic Effects of Significant U.S. Import Restraints: 
Second Biennial Update

AGENCY: United States International Trade Commission.

ACTION: Notice of hearing and opportunity to submit written comments 
for biennial update report.

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EFFECTIVE DATE: December 3, 1997.

SUMMARY: The Commission has scheduled a hearing in connection with the 
second biennial report in this investigation for May 12, 1998, and has 
established deadlines for the submission of requests to appear at the 
hearing and for the filing of written submissions as set forth below.

FOR FURTHER INFORMATION CONTACT: Michael Gallaway at (202) 205-3247, 
Office of Economics, U.S. International Trade Commission. Hearing 
impaired persons are advised that information on this investigation can 
be obtained by contacting the Commission's TDD terminal on (202) 205-
1810.


[[Page 65093]]


SUPPLEMENTARY INFORMATION: In a letter dated May 15, 1992, the United 
States Trade Representative (USTR) requested that the United States 
International Trade Commission conduct an investigation assessing the 
quantitative economic effects of significant U.S. import restraint 
programs operating in the U.S. economy. The request also asked the 
Commission to prepare reports updating the analysis, with delivery of 
those reports to be made on 2-year intervals following the submission 
of the first report. The first report was delivered to the USTR in 
November 1993 and the first update was transmitted in December 1995. A 
letter from USTR sent March 10, 1997 requested that the second update 
be delayed to February 1999 to allow the analysis to incorporate 
important information due to be released very near the previously 
scheduled December 1997 due date.
    In this second biennial update report, the Commission will, as was 
done in the first two reports, assess the economic effects of 
significant U.S. import restraints on U.S. consumers, on the activities 
of U.S. firms, on the income and employment of U.S. workers, and on the 
net economic welfare of the United States. The investigation will not 
include import restraints resulting from final antidumping or 
countervailing duty investigations, section 337 or 406 investigations, 
or section 301 actions.
    The initial notice of institution of this investigation was 
published in the Federal Register of June 17, 1992 (57 FR 27063).

PUBLIC HEARING: A public hearing in connection with this investigation 
will be held on May 12, 1998, beginning at 9:30 a.m. It will be held in 
the Commission's hearing room at 500 E Street, SW., Washington, D.C. 
20436. All persons will have the right to appear by counsel or in 
person to present information and to be heard. Requests to appear at 
the public hearing should be filed with the Secretary, United States 
International Trade Commission, 500 E Street, SW., Washington, D.C., 
not later than the close of business, 5:15 p.m., on May 5, 1998. 
Hearing statements should be filed not later than May 8, 1998. Any 
posthearing submissions must be filed not later than COB June 12, 1998. 
In the event that, as of the close of business on May 5, 1998, no 
witnesses are scheduled to appear at the hearing, the hearing will be 
canceled. Any person interested in attending the hearing as an observer 
or non-participant may call the Secretary to the Commission (202-205-
1816) after May 7, 1998, to determine whether the hearing will be held.

WRITTEN SUBMISSIONS: Interested persons are invited to submit written 
statements concerning the matters to be addressed in the report. 
Commercial or financial information that a party desires the Commission 
to treat as confidential must be submitted on separate sheets of paper, 
each clearly marked ``Confidential Business Information'' at the top. 
(Generally, submission of separate confidential and public versions of 
the submission would be appropriate.) All submissions requesting 
confidential treatment must conform with the requirements of Sec. 201.6 
of the Commission's Rules of Practice and Procedure (19 CFR 201.6). All 
written submissions, except for confidential business information, will 
be made available in the Office of the Secretary to the Commission for 
inspection by interested persons. To be assured of consideration, 
written submissions must be filed by June 12, 1998.

    Issued: December 4, 1997.

    By order of the Commission.
Donna R. Koehnke,
Secretary.
[FR Doc. 97-32336 Filed 12-9-97; 8:45 am]
BILLING CODE 7020-02-P