Manufacturers Welcome President’s Comments on TPA and Market-opening Trade Agreements

Manufacturers welcome the President’s commitment to seek passage of Trade Promotion Authority and move forward on market-opening trade agreements in the Asia Pacific and with Europe.

For manufacturers, opening new markets overseas is critical. The NAM is working on both sides of Capitol Hill with both Democrats and Republicans to advance a robust trade agenda that will tear down barriers for U.S.-manufactured exports. For too many years, the United States has sat on the sidelines as other countries negotiated trade deals that put our manufacturers at an increasing competitive disadvantage.

We look forward to working with the administration on passage of the Bipartisan Congressional Trade Priorities Act, introduced earlier this month by Ways and Means Chairman Camp, Finance Chairman Baucus and Ranking Member Hatch, which sets forth strong negotiating objectives and the much-needed framework to put the United States in a strong negotiating position for market-opening trade agreements.

The NAM will continue to make the case for robust trade policies and agreements here in Washington and around the country, emphasizing the importance of the elimination of unfair barriers overseas and strong rules on intellectual property, investment, fair competition and other commercial outcomes in new agreements.

Manufacturers also need access to competitive export financing to take advantage of new market opportunities, and the NAM will continue to advocate for a strong U.S. Export-Import Bank that can back exporters when needed. Ex-Im Bank is the only tool American manufacturers have to counter the approximately $1 trillion in export financing that other governments provide their exporters, and Ex-Im Bank helps to level the playing field for exporters to compete on the basis of quality and price rather than on financing terms. The NAM is also working to enhance the competitiveness of manufacturers in the United States through global and national initiatives to cut cross-border transaction costs and address regulatory hurdles abroad.

 

Linda Dempsey

Linda Dempsey

Linda Dempsey is the vice president of international economic affairs at the National Association of Manufacturers (NAM). In this capacity, Ms. Dempsey leads the NAM’s efforts to improve the global competitiveness of manufacturers in the United States by advocating intellectual property protection, increased export financing and the elimination of trade barriers as well as pushing for agreements and treaties to open up new export markets to create jobs. Ms. Dempsey is noted for her experience on a wide range of international trade and investment policy issues.
Linda Dempsey

Leave a Reply