Ways and Means Chair Requests ITC Investigation on Olive Oil
The International Trade Commission (ITC) should begin an investigation on the major suppliers of olive oil to provide the House Ways and Means Committee current information on the olive oil industry, said Committee Chairman Rep. Dave Camp (R-Mich.) in a Sept. 12 letter to the ITC. "A significant problem is the lack of information about the commercial olive oil industry of certain major supplier countries to the U.S. market," the letter said. "Special effort should be made to collect data about the major supplier countries of olive oil that have little published historical data."
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Camp pointed to Spain, Italy, Northern Africa and the U.S. for the focus for the investigation. Camp asked for an industry overview on processes involved, "the international market for olive oil, including U.S. and foreign supplier imports and exports of olive oil in its various forms," and tariff treatment of olive oil in the U.S. and major supplier countries. The report should focus on the 2008-2012 period, the letter said. Camp asks that the ITC provide the report to Congress within 11 months.