The Office of the U.S. Trade Representative (USTR) has requested pursuant to section 105 of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015, that the U.S. International Trade Commission (the ITC) conduct an assessment of the likely impact of the Trans-Pacific Partnership (“TPP”) Agreement on the U.S. economy as a whole, on specific industry sectors, and on the interests of U.S. consumers.

The ITC today announced the initiation of its investigation pursuant to USTR’s request. In assessing the likely impact of TPP, the ITC will include the impact the TPP agreement will have on the U.S. gross domestic product; exports and imports; aggregate employment and employment opportunities; and the production, employment, and competitive position of industries likely to be significantly affected by the Agreement. In preparing its assessment, the ITC also will review available economic assessments regarding the Agreement, including literature concerning any substantially equivalent proposed agreement.