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LSDefine
Simple English definitions for legal terms
International Trade Administration
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A quick definition of International Trade Administration:
International Trade Administration: A part of the U.S. Department of Commerce that helps the United States do better in international trade and investment. It was made in 1980 and has three offices that work on different things. The ITA wants to make sure that the U.S. is doing well in trade with other countries.
A more thorough explanation:
The International Trade Administration (ITA) is a unit within the U.S. Department of Commerce that is responsible for promoting global trade and strengthening the international trade and investment position of the United States. The agency was established in 1980 and operates through three offices:
- The Office of the Assistant Secretary for Import Services
- The Office of the Assistant Secretary for Market Access and Compliance
- The Office of the Assistant Secretary for Trade Development
The ITA works to create opportunities for American businesses to export their goods and services to other countries, while also ensuring that foreign companies comply with U.S. trade laws. By doing so, the ITA helps to support job creation and economic growth in the United States.
For example, the ITA might work with a U.S. company that produces agricultural equipment to help them find new markets overseas. They might also investigate a foreign company that is suspected of dumping cheap steel into the U.S. market, which could harm American steel producers.