All Posts By

Christopher Moore

Korea Trade Agreement Boosts Exports, Provides Mechanisms to Address Challenges

By | Trade | No Comments

Manufacturers cheered when the U.S.-South Korea Free Trade Agreement (KORUS FTA) entered into force three years ago yesterday. The deal aimed to open Asia’s fourth largest economy to U.S. exports of industrial goods and a wide array of other products and services. It established strong transparency rules, competition policy and intellectual property and other protections that sought to establish a level playing field.

While the KORUS FTA is still being implemented and challenges remain, manufacturers are seeing important gains. Roughly 80 percent of Korean tariffs on U.S. products have already been eliminated, helping to drive strong sales of plastics, processed foods, semiconductor equipment and many other manufactured products. Overall, U.S. manufactured good exports to South Korea increased $2.6 billion between 2012 and 2014, reaching a record high of $37.4 billion last year. Read More

Noem, Manufacturing Leaders Talk Trade in South Dakota

By | Trade | No Comments

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. Read More

TPA: What Are We Waiting For?

By | Trade | No Comments

As NAM President and CEO Jay Timmons brings the State of Manufacturing message to Minnesota today, he will focus on one of the key drivers of the state’s, and the country’s, economy: trade and open markets. Manufacturers in the United States and their more than 12 million employees need Trade Promotion Authority (TPA) to better access more of the 95 percent of consumers who live outside our borders. Read More

Manufacturers to Congress: Act Now to Pass Trade Promotion Authority

By | Trade | No Comments

Manufacturers applaud President Obama’s call for swift action on Trade Promotion Authority (TPA) in tonight’s State of the Union address.

Quickly renewing this proven partnership between Congress and the Executive branch is essential to ensure America continues to lead to negotiating new trade agreements that eliminate barriers and open overseas markets for manufacturers and workers. Read More

TPA Essential for Manufacturing Jobs, Growth and Competitiveness

By | General, Trade | No Comments

The typical trade opponents are at it again. But they’re still wrong on policy and out of step with the American people, President Obama and Congressional Leaders.

Just this week, Senators McConnell, Hatch and Thune pledged action on Trade Promotion Authority (TPA) from the U.S. Senate. House leadership has long supported the renewal of TPA and President Obama has pledged his commitment to work with lawmakers to pass TPA.

The simple truth is that Trade Promotion Authority  is essential to open new overseas markets and level the playing field for manufacturers in the United States and the millions of workers they employ. Read More

Want to Add Billions to U.S. Exports? Eliminate Discriminatory Barriers and Boost IP Protection in India

By | General, Trade | No Comments

If India removed discriminatory barriers and improved intellectual property protection, U.S. exports to that country would rise by two-thirds (the equivalent of $14.4 billion, based on 2013 data) and U.S. investment would roughly double. That’s the stunning conclusion of a U.S. International Trade Commission (ITC) study out today on the impact of India’s trade, investment and industrial policies on the U.S. economy.

The ITC’s results confirm what manufacturers have long known – India’s unfair policies increasingly are harming U.S. exports of a wide array of products, costing jobs and growth in both countries. The results provide a powerful roadmap for change as U.S. and Indian officials continue to work toward stronger bilateral commercial ties through the U.S.-India Trade Policy Forum and the High-Level Working Group on Intellectual Property. Read More

Out of Cycle, Out of Touch

By | Trade | No Comments

USTR Gives India’s Weak IP Policies a Pass

India got a pass when the Office of the U.S. Trade Representative (USTR) dropped its out-of-cycle review of that country’s abysmal IP regime, which consistently ranks as one of the very worst in the world.

The NAM and its partners in the Alliance for Fair Trade with India have long called for concrete action to address the threat of India’s deteriorating intellectual property environment and other discriminatory policies to manufacturing and jobs in the United States. Read More

Manufacturers to Froman and Malmstrom: Make 2015 a Year of Action and Results on TTIP

By | Trade | No Comments

The future of the Transatlantic manufacturing economy could well be riding on the outcome of today’s meeting in Washington between U.S. Trade Representative Michael Froman and EU Trade Commissioner Cecelia Malmstrom.

At stake is progress toward a Transatlantic Trade and Investment Partnership (TTIP) agreement that could drive economic growth and job creation by breaking down trade and investment barriers between the world’s two largest economies. Read More

Breaking Down Barriers is Key to Building Up India’s ICT Industry

By | Trade | No Comments

Since Indian Prime Minister Modi took office in May, he has encouraged investor optimism at home and abroad by vowing to open greater opportunities to trade with and manufacture in India. The Prime Minister has outlined several bold pro-growth economic reforms, including a promising “Digital India” initiative, and recently met with President Obama on enhancing trade and investment ties.

Unfortunately, Modi’s pro-growth messages have yet to be translated into concrete actions in the telecommunications sector. Read More

Moving the U.S.-India Relationship from Aspirations to Action

By | Trade | No Comments

In his recent Independence Day speech, India’s Prime Minister Narendra Modi laid out his vision for a future driven by innovation and aimed at improving the lives of all Indians. To achieve a “Digital India”, his government plans to build the infrastructure necessary to ensure all Indians have access to essential public services and information.

It’s a critical focus and surely an inspiring signal to his constituents and international partners. After all, innovation is essential for the growth of any nation in the 21st century. By embracing the potential of technology, the people of India can connect and unite like never before. From improving access to education and embracing the diverse benefits of telemedicine, to increasing the country’s electronic manufacturing capabilities, even those living in the far remote expanses of rural India could benefit.

The Obama Administration was quick to praise Modi’s approach and to highlight opportunities for collaboration.  In comments at the New York Foreign Press Center, U.S. Assistant Secretary of State for South and Central Asia Nisha Biswal expressed “a great deal of desire to look and see what we can do to create or stand up a infrastructure platform that would allow American companies to be able to focus their tools, their technologies, their capabilities around the priorities that have been identified by the Indian Government.”

Indeed, there is “a great deal of desire.” But translating Modi’s grand vision into reality will be difficult, and so far there’s been more talk than action. India continues to maintain discriminatory industrial policies that are blocking U.S. exports of the very information and communication technology products Modi will need to achieve a “Digital India.”  Widespread copyright piracy and weak protection of intellectual property rights in India are discouraging innovation and investment.

While other countries are opening their markets and undertaking the kinds of legal and economic reforms necessary to build and sustain a modern digital economy, India is falling further behind.  Between 2013 and 2014, India slipped ten places in the global innovation index  and now ranks a disappointing 76th in the world. According to the 2014 World Economic Forum’s Global Enabling Trade Report, India’s trading regime ranks 96th out of 132 countries in terms of enabling trade.

Modi’s government is still in its early days, and manufacturers remain hopeful that positive progress can be achieved and that a promising bilateral commercial relationship can get back on track. If India’s new leadership is serious about taking the actions necessary to achieve their vision, the NAM and American businesses stand ready to work with them.