News: USA - International Trade Commission to study remanufactured goods
The United States is the world's largest producer, consumer, and exporter of remanufactured goods, reports the USITC.
Thursday, 10th January 2013
Remanufacturing is an important and growing activity in many industrial sectors and supports at least 180,000 jobs throughout the United States, according to the report. Remanufacturing is the industrial process of restoring end-of-life goods to original working condition. The US International Trade Commission (USITC) recently concluded the investigation for the U.S. Trade Representative. The report, based on survey data, covers the period 2009-11 and focuses on remanufacturing-intensive sectors that account for the majority of remanufacturing activity in the United States. The report provides an overview of the U.S. remanufactured goods industries and markets, including U.S. remanufacturing production and employment, estimates U.S. and global trade in remanufactured goods, and examines factors affecting trends in remanufactured goods trade. The remanufacturing-intensive sectors that account for the majority of remanufacturing activity in the United States include aerospace, consumer products, electrical apparatus, heavy-duty and off-road equipment, information technology products, locomotives, machinery, medical devices, motor vehicle parts, office furniture, restaurant equipment, and retreaded tires. U.S. exports of remanufactured goods totalled $11.7 billion in 2011; almost 40 per cent of the total went to free trade agreement partners. Foreign remanufacturers that have invested in the United States account for about one-sixth of U.S. trade in remanufactured goods and cores (the used or discarded component that is remanufactured). Although the United States and Europe currently account for the bulk of remanufacturing activities and associated trade, other countries are developing their own remanufacturing industries. In foreign markets, regulatory barriers, import bans, and the lack of a common definition of remanufactured goods limit trade in remanufactured goods and cores.