Tag: Trade

Industrial Production Unchanged in April

Manufacturing production was unchanged in April, slowing from the 0.3 percent gain experienced in March. Overall, output in the sector has been very soft for five straight months. Manufacturers have struggled with a number of significant headwinds in the U.S. and global economies, including challenges in growing exports, residual impacts from the West Coast ports slowdown, regional weather challenges and an anxious consumer. As a result, the year-over-year pace has slowed from 4.5 percent in November to 2.3 percent in April.  Similarly, capacity utilization in manufacturing has dropped from 79.8 percent five months ago to 78.2 percent today.

Durable goods production increased 0.1 percent in April, with output for nondurable goods firms off 0.1 percent. There were strong increases for manufacturing production for nonmetallic mineral products (up 1.4 percent), electrical equipment and appliances (up 1.3 percent), motor vehicles and parts (up 1.3 percent) and wood products (up 1.3 percent). However, these were offset by declining output in the machinery (down 0.9 percent), aerospace and miscellaneous transportation equipment (down 0.6 percent), and food, beverage and tobacco products (down 0.6 percent) sectors, among others. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Major Manufacturing Industries Call for Quick Passage of TPA to Overcome the Status Quo Disadvantage

 Yesterday, the National Association of Manufacturers (NAM) was joined by 75 industries representing the broad range of manufacturing throughout the United States, to urge passage of the Bipartisan Congressional Trade Priorities and Accountability Act of 2015. As the letter explains:

“At a time when global growth is slowing, manufacturing industries and their employees need the advantages that trade agreements provide now more than ever to compete successfully abroad. The U.S. market is largely open to the world, with the lowest tariffs on manufactured goods of any G20 country. Yet, these same manufacturers face steep trade barriers abroad. Without TPA, manufacturers in the United States risk being locked out and left behind as other countries negotiate dozens of trade agreements that exclude the United States and our nation’s manufacturers.” (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


To Foster Economic Development in India, Concrete Action is Needed

Today, the Office of the United States Trade Representative released its annual Special 301 report which analyzes the state of intellectual property rights (IPR) among U.S. trading partners and also marks the first full review of India’s IPR regime since Prime Minister Modi took office. As in past reports, USTR once again placed India on the Priority Watch List due to ongoing concerns with the country’s lack of protections for innovators.

The report confirms that, despite ongoing dialogues and increasingly strong statements from Prime Minister Modi regarding his commitment to increasing protections for innovators in India, there has been no actual concrete action to improve IP protections. USTR expects ongoing dialogues to “bring about substantive and measurable improvements in India’s IPR regime for the benefit of a broad range of innovative and creative industries” and will “take further action, if necessary.”

As the NAM explained in its Special 301 comments filed in advance of the report, there are many areas where there has been dialogue, but no real improvement to India’s IPR policies including patent and data protection, compulsory licensing, and copyright piracy. This lack of progress and backward action in a number of areas from IPR to localization policies was also detailed just last week in the NAM’s pre pre-hearing statement filed with the U.S. International Trade Commission, which is conducting a second investigation into India’s trade and investment practices and their input on U.S. industries. These policy failures have a significant impact on businesses’ ability to innovate, create jobs, and grow the economy.

But businesses and industry leaders are not the only ones taking notice of India’s lack of progress in IPR and market-opening measures. India’s policies are impacting their global image as a country committed to innovation as reflected in India’s decline in various innovation and other measures. U.S. lawmakers are also taking note of the lack of concrete improvement in IPR in the country.

The NAM is committed to increasing commercial ties through a fair and more open trading relationship with India. To achieve that type of relationship – and for India to grow its economy and become the innovation leader it seeks to be – there must be more than talk and vague promises. It is time for India to take measures to bring its IPR regime up to global standards, to respect private property and innovation and seek to grow its economy through encouraging trade and investment.

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Tens of Thousands of Jobs Depend on Ex-Im Bank Renewal

As Congress continues to debate the future of Ex-Im Bank, it’s clear that a bipartisan majority supports its reauthorization. Over the past few weeks, various Congressional leaders have expressed their support for reauthorization. Today, House Speaker John Boehner (R-OH) said the expiration of the Ex-Im Bank could cost “thousands of jobs.”  Manufacturers agree and we urge Congress to move quickly to schedule a vote on a long-term reauthorization of Ex-Im Bank. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


ISDS is All About Fair Play and American Values

From soccer matches in Europe to Monday Night Football in the United States, referees are a critical component of competitive sports, acting as an impartial party that ensures rules are followed by members of both teams. For small and large manufacturers, Investor-State Dispute Settlement (ISDS) provisions fill this this critical role of referee, ensuring that basic rules of due process, non-discrimination, fair treatment and property protection. In short, ISDS ensures fair play in the global economy.

Manufacturers typically make the vast majority of their investments domestically. Yet, just as companies from Europe, Asia, Latin America and beyond invest in America to reach the American consumer, many U.S. manufacturers also need to invest overseas to sell more successfully to the 95 percent of consumers that live outside our borders. By reaching millions of new customers overseas, U.S. investment overseas helps strengthen America’s manufacturing base, spurring approximately 50 percent of U.S. exports and supporting higher-paying American jobs, R&D and capital investment. When companies investment overseas, some 90 percent of their sales stay outside the United States. (continue reading…)

VN:F [1.9.22_1171]
Rating: 5.0/5 (1 vote cast)


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…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


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…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


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…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


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…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Noem, Manufacturing Leaders Talk Trade in South Dakota

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. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


A Manufacturing Blog

  • Categories

  • Connect With Manufacturers

            
  • Blogroll