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Purported TPP Investment Text Confirms Pro-Rule of Law and Transparent Processes, but Raises Questions about Some TPP Countries’ Commitment to Fairness and the Rule of Law

Last night, WikiLeaks put out what it claims is the draft of the investment text being negotiated in the Trans-Pacific Partnership (TPP).

For manufacturers in the United States, many of whom use foreign investment to spur U.S. exports and make overseas sales, the text looks familiar because it is substantially based on the highly detailed U.S. model investment negotiating text that has been publicly available on both the websites of the Office of the United States Trade Representative (USTR) and the Department of States since the Obama Administration completed its multi-year review of the investment text in April 2012. That review, which was public and sought input from stakeholders throughout the United States, resulted in a strong investment negotiating document that seeks a more level playing field for our nation’s manufacturers and other job-creators in this country. (continue reading…)

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The Economic Development and Jobs Growth Tool the Anti-Trade Lobby Loves to Hate; Why ISDS Deserves More than a Little Respect

Clean water in Mexico, new solar energy production in the Czech Republic, food production in Zimbabwe, and energy production in South America. All these are examples of how private entrepreneurial investment from one country to another has the capacity to improve peoples’ lives. (continue reading…)

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Expanding America’s Global Opportunities – Hannover Messe 2016

This evening, business leaders and policymakers will attend the signing of the Memorandum of Understanding (MOU) naming the United States as the Hannover Messe partner country for 2016. Hannover Messe is the world’s largest industrial trade fair, held annually in Hanover, Germany. (continue reading…)

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Strong Intellectual Property Protections in the TPP Have Everything to Do with Good-Paying American Jobs

Ideas, brands and inventions are the competitive advantage of the more than 265,000 manufacturers large and small across the United States and the more than 12 million women and men they employ in today’s challenging global marketplace.

Protecting those assets at home and abroad is critical for every sector of manufacturing – and particularly for the biopharmaceutical industry, which contributes some $426 billion to the U.S. economy every year and delivers life-saving and life-changing new therapies for patients suffering from cancer, diabetes and other diseases and disorders. (continue reading…)

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More, More More: Why “Yes” Is Never Enough for the Anti-Trade Caucus

A long time ago, in a galaxy far far away, new trade agreements were broadly supported.

Actually, that was right here in our own galaxy if you can believe it.

From 1934 to 1962, major business groups and unions testified regularly on Capitol Hill in support of the “reciprocal trade agreements program” that President Franklin Roosevelt had started to negotiate tariff-cutting agreements with foreign countries following the disastrous Smoot-Hawley tariff increase of 1930. FDR was regularly provided by Congress, tariff-cutting authority to negotiate those deals, which is the predecessor to the modern Trade Promotion Authority (TPA). (continue reading…)

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Three Facts Apologists for Foreign Mistreatment of U.S. Manufacturers Should at Least Acknowledge

There are lots of different views on trade and investment within Washington and across the country but opponents of investor-state dispute settlement (ISDS) continue to ignore and blatantly misstate objective and basic facts. This anti-ISDS campaign seeks to deny job creators in the United States with the basic enforcement tools needed to ensure fair treatment and a more level playing field overseas. (continue reading…)

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Facts Matter – Critics Need to Stop Distorting the Facts on America’s Manufacturing Trade Surplus

Enough is enough. We’re all for an honest debate, but a small group of trade critics are putting out some whoppers in an effort to derail the momentum behind Trade Promotion Authority (TPA), a longstanding procedural partnership between Congress and the Administration that enables the United States to conclude and implement new Free Trade Agreements (FTA) that open markets for our manufacturers.

Groups like Public Citizen, however, are promoting distorted information about our country’s manufacturing trade surplus with its 20 FTA partners. (continue reading…)

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A Broad Range of Manufacturers Agree: It’s Long-Past Time to Move the MTB

Today, over 90 companies and associations sent a letter to the two new Chairmen of the House Ways and Means and Senate Finance Committee urging their leadership to move the long-stalled Miscellaneous Tariff Bill (MTB) as quickly as possible. (continue reading…)

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Three Trade Keys to Unlock Growth in Manufacturing and Higher-Paying Jobs

As the Senate Finance and House Ways and Means Committees hold hearings today on “President Obama’s 2015 Trade Agenda,” manufacturers in the United States are emphasizing three key elements of a pro-manufacturing U.S. trade policy that will help unlock growth in manufacturing in the United States and the higher-paying jobs that manufacturing produces – opening global markets, increasing global competitiveness and leveling the playing field.  through strong enforcement:

First it is critical to start with opening global markets as U.S. exporters face higher barriers in foreign markets than most of the rest of the world. According to the World Economic Forum’s “Global Trade Enabling Report 2014,” the United States faces higher tariffs for its exports than all but eight of the 138 countries reviewed, including China, Mexico, Canada and every member state in the European Union. To level the playing field and improve manufacturers’ ability to reach the 95 percent of consumers – who control more than 70 percent of global purchasing power – that are outside are borders, manufacturers are urging: (continue reading…)

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Imbalances in the Global Trading System Say India and Brazil? Let’s Start with Manufacturing Tariffs

As the World Trade Organization (WTO) enters its third decade, WTO Director General Roberto Azevêdo is seeking to move forward on a long stalled global liberalization trade negotiations that began in Doha, Qatar, in November 2001. These ambitious, but long troubled talks had fallen apart as major emerging economies, starting with India Brazil and China, failed to commit to ambitious liberalization outcomes for their own economies. (continue reading…)

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