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GLOSSARY

International Trade Commission (ITC)

An independent, nonpartisan, quasi-judicial federal agency that provides trade expertise to both the legislative and executive branches of government.
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What is International Trade Commission (ITC)?

The United States International Trade Commission (ITC) is an independent, nonpartisan, federal agency that fulfills a range of trade-related mandates. 

It provides high-quality, leading-edge analysis of international trade issues to the President and the Congress. The Commission is a highly regarded forum for the settling of intellectual property and trade disputes. Summaries of market analysis are also available to the general public. 

Some of the ITC's key responsibilities include:

  • Conducting investigations into unfair trade practices, such as dumping and subsidies.
  • Determining whether imports are causing injury to a domestic industry.
  • Levying duties or other trade remedies to protect domestic economies from unfair trade practices.
  • Overseeing intellectual property disputes, like patent infringement and trademark counterfeiting.

For importers looking to set up reciprocal businesses in countries that they already import from, the ITC provides a vast wealth of information.

Related articles: 

Anti Dumping Duty Rates: The Price of Fair Trade 

What Does the Law Say About Replica Purse Imports?

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