Practical Law Glossary Item 0-515-9848 (Approx. 3 pages)
Glossary
International Trade Commission (ITC)
An independent, quasi-judicial federal agency created by the US Congress to investigate import trade matters. Its mission is to:
Administer US trade remedy laws.
Provide the President, Office of the US Trade Representative, and Congress with analysis, information, and support on tariffs, international trade, and competitiveness.
As part of administering US trade remedy laws, the ITC conducts various investigations, including:
Import injury investigations under Title VII of the Tariff Act of 1930 (19 U.S.C. §§ 1671 to 77), related to unfair trade practices including:
dumping of products sold at less than fair market value in the US; and
financial subsidies by foreign governments to benefit the production, manufacture, or exportation of foreign goods into the US.
Investigations into and adjudications of allegations of certain unfair trade practices in import trade under Section 337 of the Tariff Act of 1930 (19 U.S.C. § 1337). Most Section 337 investigations involve patent or registered trademark infringement by the imported goods, although investigations can involve other forms of unfair competition.