From makers of lifesaving medical devices and heavy-duty farm equipment to trains, planes and automobiles, manufacturers in the United States continue to find new customers by trading with the 95% of the world’s consumers who live outside our borders.
Today, South Dakota Congresswoman Kristi Noem, representatives from Daktronics, Falcon Plastics, 3M, the Schwan Food Company and other local businesses gathered in Brookings, South Dakota to talk trade and the importance of Trade Promotion Authority (TPA) and new trade agreements to level the playing field abroad for American manufacturers and their employees.
At the event, Daktronics CEO and President Reece Kurtenbach highlighted the increasing importance of overseas markets to his company’s bottom line. Founded in the late 1960s by two South Dakota State University professors, Daktronics manufactures electronic scoreboards for stadiums and arenas and sells them in the United States, Australia and other countries around the world.
As South Dakota’s first-ever representative on the powerful Ways and Means Committee, Congresswoman Noem talked about the value of trade and open markets for the state’s manufacturers and farmers. She stressed that TPA is critical to getting U.S. trade negotiating partners to put their best offers on the table and a critical chance for Congress to define trade priorities for the Administration.
Manufacturers trade to build our future, and trade is working for U.S. industry. America’s 20 existing trade agreement partners account for less than ten percent of the global economy, but purchased nearly three quarters of all South Dakota manufactured goods exports in 2014.
Leaders like Congresswoman Kristi Noem are fighting to ensure manufacturers are and remain globally competitive by championing TPA and trade deals that deliver access to new markets and ensure American industry competes on a fair and level playing field overseas.
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