Today South Korean President Park Geun-hye addressed a joint meeting of Congress as part of her visit to Washington. NAM Board Member and Quality Float Works CEO Sandra Westlund-Deenihan and company President Jason Speer attended the speech today as special guests of Speaker Boehner.
The South Korean market is extremely important to the Schaumburg, IL based Quality Float Works which manufactures metal floats and valves used for the gas, plumbing oil and agricultural industries. The trade agreements passed in 2011 with South Korea, Panama and Colombia have helped Quality Float Works and other small and medium-sized manufacturers expand into new markets which in turn supports economic growth and job creation here in America.
Free trade agreements are critical to our export growth. Exports to just our 20 FTA partners grew by more than $41 billion in 2012 and are up by nearly $230 billion since 2009. This makes up nearly 48 percent of all U.S. manufactured goods exports for 2012 and 60 percent of the increase in 2012 exports.
We must continue to do more to open new export markets for companies like Quality Float Works. With 95 percent of the world’s consumers outside our borders we rely on exports to grow our economy and jobs.
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