Small Manufacturing Leader Chuck Wetherington Testifies on State of Trade

Today, the U.S. House Committee on Small Business heard from BTE Technologies President and NAM Executive Committee member Chuck Wetherington about how small business manufacturers like BTE can compete and succeed in markets around the world. Here were his key recommendations:

  • A positive outcome on NAFTA talks
  • Senate confirmation of the pending board nominees to return the Export-Import Bank to full functionality
  • More export promotion assistance programs

Wetherington—a leading voice for small manufacturers in America—also shared some of his own experiences competing overseas:

  • About how his company, which consistently focuses on expanding to new markets every two to four years, recently expanded to the Gulf Cooperation Council and saw its exports to those six Middle Eastern countries grow from virtually nothing to 20 percent of its exports in three years
  • About how he, having just returned from China—a country that recently undertook major overhauls to its medical device regulations but is rolling those updates out piecemeal and without any clear path to follow toward compliance—saw firsthand why regulatory harmonization needs to be an important part of U.S. trade strategy
  • About how BTE—like many other small business manufacturers—has benefited significantly from market-opening agreements like NAFTA and the U.S.–Korea Free Trade Agreement, with BTE alone seeing 130 percent growth in its exports to South Korea following ratification of our free trade agreement with that country.

Here’s his statement to the committee: https://smallbusiness.house.gov/uploadedfiles/4-11-18_wetherington_testimony.pdf

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

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