ITC investigates competitive conditions of biotech products

ITC investigates competitive conditions of biotech products The U.S. International Trade Commission has started an investigation into the competitive conditions affecting U.S. chemical and biofuels industries that are developing and adopting new biotechnology processes and products.
   The Senate Finance Committee asked the ITC to conduct the investigation. The committee said in a Nov. 2 letter to the ITC that the current impact of industrial biotechnology on the U.S. economy is not well understood.
   The ITC will explore a number of areas in its investigation, such as government policies related to product development in these industries for the United States and key competitor countries.
   The ITC will submit its report to the Senate Finance Committee by July 2. A related public hearing will be held at the ITC's Washington headquarters on April 24. For more information, access the ITC’s Web site at https://www.usitc.gov.