Trade

Small Businesses Shine At Ex-Im Annual Conference

As Congress debates whether to reauthorize the U.S. Export-Import Bank, small businesses are telling the story of how they’ve utilized Ex-Im Bank to grow exports and add jobs. Some of these small businesses earned a lot of applause today, as the Ex-Im Bank Annual Conference kicks off in Washington, DC.

Among the companies celebrated were fire truck maker W.S. Darley & Co., cheesecake company Love & Quiches Gourmet, and Texas-based Fritz-Pak Corp. These companies have tapped Ex-Im Bank financing to sell their products abroad. (continue reading…)

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Nearly 300 State and Local Associations Stand behind TPA

In a letter released this week and coordinated by the National Association of Manufacturers (NAM) and other major trade associations, nearly 300 U.S. state and local organizations urged swift action to renew Trade Promotion Authority (TPA). The organizations that signed the letter represent millions of companies and workers from every sector of the economy, and every state in the country. (continue reading…)

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NAM’s Dempsey on C-SPAN: TPA to Supercharge U.S. Jobs and Economic Growth

Linda Dempsey, vice president of international economic affairs at the NAM, appeared on C-SPAN’s Washington Journal this morning to discuss the importance of passing TPA to ensure U.S. negotiators have the ability to bring back strong trade agreements that open global markets, level the playing field for manufacturers in the U.S. and increase global competitiveness.

“We need new trade agreements to supercharge our exports, sales, and opportunities in a growing global economy,” said Dempsey. “TPA—the trade agreement that was introduced on a bipartisan basis last week—is exactly the kind of legislation that allows these trade deals to be negotiated by Congress.”  (continue reading…)

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NAM Welcomes Introduction and Urges Action on Key Customs and Enforcement Provisions

The NAM welcomes the introduction of the customs modernization and trade facilitation provisions as well as long-sought trade-remedy enforcement provisions as part of the Senate Finance Committee Chairman’s Mark to be considered by the Committee on Wednesday, April 22.

This legislation seeks to ensure a proper balance between trade facilitation and trade enforcement responsibilities at U.S. Customs & Border Protection (CBP). The Chairman’s Mark contains many customs modernization provisions, including provisions that the NAM had sought on key issues such as duty drawback modernization and exemption from duty for container residue. Importantly, the Chairman’s mark includes new tools to protect and enforce intellectual property theft in our trade flows. (continue reading…)

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Global Manufacturing Economic Update – April 17, 2015

Here is the summary for this month’s Global Manufacturing Economic Update: 

The global economic environment remains challenged, even as it continues to experience modest growth overall. The J.P. Morgan Global Manufacturing PMI, for instance, observed the highest production levels since August. Yet, the overall pace of expansion has clearly eased over the past few months. Along those lines, manufacturers in half of the top 10 markets for goods manufactured in the United States reported declining levels of activity in March, up from just two countries in February. Three Asian economies shifted into contraction territory for the month: China, Hong Kong and South Korea. In addition, Brazil and Canada remained challenged, with the latter struggling on lower crude oil prices. Manufacturing in the emerging markets also stagnated in March, with weaknesses in a number of nations counteracting progress in others. (continue reading…)

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How the TPP Can Be a Game-changer for Manufacturers in the United States

Negotiations on the Trans-Pacific Partnership (TPP) between the United States and eleven Asia-Pacific nations have been ongoing for several years, but we are finally nearing a make-or-break point in the effort to promote stronger commercial engagement between our nations and set in place new rules on transparency and protections for American innovation and investment that will help raise standards much closer to what we in America have long taken for granted. (continue reading…)

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The MTB: A No-Brainer for Manufacturers

The introduction of bipartisan legislation by Sens. Rob Portman (R-OH), Claire McCaskill (D-MO), Pat Toomey (R-PA) and Richard Burr (R-NC) to establish a new process for Congressional consideration of a Miscellaneous Tariff Bill (MTB) is a long overdue step that would pave the way for the elimination of taxes that harm manufacturers here in the United States.

During the past 30 years, Congress has supported manufacturing in America by suspending or reducing import taxes on necessary manufacturing inputs that are not available in the United States and must be imported from overseas. The MTB has historically been noncontroversial and has received strong bipartisan and bicameral support: In 2010, the U.S. Manufacturing Enhancement Act passed the House by a 378-43 vote and the Senate by unanimous consent. (continue reading…)

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Bipartisan, Bicameral Trade Promotion Authority Legislation Introduced

With today’s introduction of Trade Promotion Authority legislation, Senate Finance Committee Chairman Orrin Hatch (R-UT), Senate Finance Committee Ranking Member Ron Wyden (D-OR), and House Ways and Means Committee Chairman Paul Ryan (R-WI) have demonstrated strong bipartisan, bicameral leadership on an issue that is critical to American leadership globally and the ability of manufacturers and their workers in the United States to compete more successfully for the approximately $12 trillion in manufactured goods traded internationally.

TPA is a longstanding and proven procedural partnership between Congress and the Executive Branch that facilitates negotiation and approval of trade agreements that open markets for manufacturers in the United States. It enables Congress to set trade negotiating objectives and increases Congress’s power to shape and influence deals. (continue reading…)

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Dear India: Actions Speak Louder than Words

Every year, the city of Hannover, Germany, hosts the world’s largest industrial trade fair—the Hannover Messe—which increasingly highlights the most important advancements in manufacturing technologies. Next year, the United States will be the official partner country, and the National Association of Manufacturers (NAM) is very excited that manufacturers in the United States will have a special showcase for their innovations and best-in-class manufacturing solutions. (continue reading…)

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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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