USA*ENGAGE Welcomes ITC Study on Unilateral Trade Sanctions

Friday, 9 October 1998

"The ITC study provides a useful assessment of the state of play on U.S. unilateral sanctions," said Frank Kittredge, President of the National Foreign Trade Council and Vice Chairman of USA* ENGAGE. "It highlights just how difficult it is to quantify the indirect costs of unilateral sanctions on the economy."

"Losses of potential sales, delayed entrance to new markets, and lost business opportunities due to American businesses being viewed as unreliable suppliers all snowball into real losses for U.S. companies, workers and farmers," Kittredge continued. "But it's hard to quantify. The more important question is why we would want to incur any of these losses in light of the fact that unilateral sanctions are almost always ineffective, rarely achieve American foreign policy objectives and are often counterproductive."

The ITC report was undertaken at the request of the House Ways and Means Committee to obtain more information about the issue. It does not include the most recent sanctions imposed against India and Pakistan which are significant.

Kittredge also noted that the study "underscores the difficulties that the private sector faces in trying to comply with a haphazard patchwork of economic restrictions. Lack of certainty and administrative compliance burdens are definite hidden costs to business," he said.

USA*ENGAGE is a coalition of 676 small and large businesses, agriculture groups and trade associations working to seek alternatives to the proliferation of unilateral U.S. foreign policy sanctions and to promote the benefits of U.S. engagement abroad. For more information on USA*ENGAGE and the harmful effects of unilateral trade sanctions, visit the USA*ENGAGE web site at www.usaengage.org.

 

Contact: Eric Thomas 202/822-9491

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