Federal Register / Vol. 62, No. 162 / Thursday, August 21, 1997 / Notices 44487

potential effects of creating a closer

economic integration between the U.S.

and the EU. It also stated that the Office

of the U.S. Trade Representative and the

European Commission established an

approach to the study involving

focusing on sectors or issue areas that

warrant analysis of the potential effects

of the removal of barriers to U.S.–EU

trade, while also assessing the broad

economic impact of such liberalization.

As requested by USTR, the

Commission in its report on the

investigation will provide a study

analyzing the likely impact on U.S.

commerce of potential U.S.–EU sectoral

trade liberalization. The sectors to be

studied are (1) automobiles and light

trucks, (2) biotechnology (utilized in the

production of goods), (3) chemicals, (4)

electronics, (5) non-ferrous metals, (6)

paper and paper products, and (7)

pharmaceuticals.

As requested, the Commission will

conduct the analysis in two phases: (1)

in phase I it will seek to identify and

describe the most significant barriers to

trade and investment in the U.S. and EU

for each study sector; and (2) in phase

II it will assess, wherever possible, the

likely impact of removing these barriers

on the individual study sectors and on

the U.S. economy in general.

As requested, the phase I report will

contain detailed descriptions of the

most significant U.S. and EU barriers to

trade and investment that the

Commission has identified in the study

sectors, as well as a brief profile of U.S.

and EU trade and investment in each

study sector. For each of the study

sectors being examined, the

Commission will provide, to the extent

possible, the following information for

each barrier:

• Description of barrier, including

administrative basis, if any;

• Production and exports in the

affected sector or products;

• Qualitative information on the

effect of the barrier and its removal on

U.S. producers, exporters, and investors;

• A summary of past or ongoing

efforts to remove a particular barrier,

e.g. the Uruguay Round;

• Relevant data on industry structure,

performance, employment, etc.

The Commission will provide the

phase I report by November 21, 1997.

The phase II analysis will provide

trade liberalization model simulations

that assess the impact of the removal of

the barriers on the individual study

sectors and the U.S. economy in general,

including information on the effects on

employment, output, trade, and prices.

In addition, the Commission will

conduct a liberalization simulation that

encompasses, to the extent possible, all

significant U.S. and EU trade barriers

(including those in the zero-for-zero

sectors identified in the Statement of

Administration Action accompanying

the Uruguay Round Agreements Act, but

not listed above). The Commission will

also provide, to the extent possible, an

analysis of trade liberalization of global

electronic commerce, consistent with

the Administration’s objectives, during

phase II. The Commission will not

include actions resulting from final

antidumping or countervailing duty

investigations in its analysis.

The Commission will provide the

phase II report by April 30, 1998.

Public Hearing: A public hearing in

connection with the investigation will

be held in the Commission hearing

room, 500 E Street, SW, Washington, DC

20436, beginning at 9:30 a.m. on

September 23, 1997.

All persons 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, DC 20436 no

later than COB, September 17, 1997.

Hearing statements should be filed not

later than COB September 18, 1997. Any

posthearing submissions must be filed

not later than COB October 2, 1997.

In the event that, as of COB

September 17, 1997, no witnesses have

filed a request to appear at the hearing,

the hearing will be canceled. Any

person interested in attending the

hearing as an observer or nonparticipant may call the Secretary to the

Commission (202–205–1816) after

September 17, 1997, to determine

whether the hearing will be held.

Written Submissions: Interested

persons are invited to submit written

statements (one original and 14 copies)

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 § 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 by the Commission,

written statements relating to the

Commission’s phase I report should be

submitted at the earliest practical date

and should be received no later than

October 2, 1997, and written statements

relating to the Commission’s phase II

report should be submitted at the

earliest practical date and should be

received no later than February 13,

1998. All submissions should be

addressed to the Secretary, U.S.

International Trade Commission, 500 E

St SW, Washington, DC 20436.

Persons with mobility impairments

who will need special assistance in

gaining access to the Commission

should contact the Office of the

Secretary at 202–205–2000.

Issued: August 15, 1997.

By Order of the Commission.

Donna R. Koehnke,

Secretary.

[FR Doc. 97–22095 Filed 8–20–97; 8:45 am]

BILLING CODE 7020–02–U

INTERNATIONAL TRADE

COMMISSION

Sunshine Act Meeting

TIME AND DATE: August 29, 1997 at 11:00

a.m.

PLACE: Room 101, 500 E Street S.W.,

Washington, DC 20436.

STATUS: Open to the public.

MATTERS TO BE CONSIDERED:

1. Agenda for future meeting: none

2. Minutes

3. Ratification List

4. Inv. No. 731–TA–752 (Final)

(Crawfish Tail Meat from China)—

briefing and vote.

5. Outstanding action jackets:

1. Document No. GC–97–044:

Approval of disposition of civil penalty,

remedy, public interest, and bonding

issues in Inv. No. 337–TA–372 (Certain

Neodymium-Iron-Boron Magnets,

Magnet Alloys, and Articles Containing

Same (Enforcement)).

In accordance with Commission

policy, subject matter listed above, not

disposed of at the scheduled meeting,

may be carried over to the agenda of the

following meeting.

Issued: August 18, 1997.

By order of the Commission.

Donna R. Koehnke,

Secretary.

[FR Doc. 97–22306 Filed 8–19–97; 8:45 am]

BILLING CODE 7020–02–U