Getting trade right is not just a theory: the very success of American manufacturers from Boise to Buffalo depends on a strong trade agenda. Manufacturers in the United States have already been able to benefit substantially from global economic growth—including record international levels of demand among the 95 percent of consumers who live outside of our borders for high-quality consumer and durable manufactured goods—thanks in large part to trade agreements that lower barriers and enforce fair rules of the road for commerce. In fact, U.S. manufacturing output and exports have quadrupled over the past 25 years as a result of these types of agreements and policies. Yet, despite that growth, major barriers remain that continue to hold back even greater success for our nation’s manufacturers.
That’s why, in a detailed written submission filed yesterday, the National Association of Manufacturers (NAM) called on the U.S. government to tackle trade barriers confronting manufacturers in markets around the world.
The NAM’s submission explains that despite the major success manufacturers in the United States have enjoyed in the global marketplace, a host of barriers—from unfair import policies to weak enforcement of intellectual property (IP), from investment barriers to technical barriers to trade—place real roadblocks to expanding U.S. manufacturing, particularly in markets such as China and India. This year’s submission includes those two countries along with Brazil, Indonesia and Russia among its top-priority countries across a range of issues. The submission also targets additional countries and regions for more focused concerns on specific issues, such as Canada (for IP enforcement), Colombia (IP enforcement) and the European Union (technical barriers to trade).
Recent developments involving top trade issues such as the new United States-Mexico-Canada agreement and China trade tensions underscore just how important strong, trading rules that open markets are for manufacturers in the United States, large and small. From negotiating new high-standard market-opening trade agreements, to fully enforcing existing trade and investment agreements, to working with allies and partners to strengthen international trade-related rules at the World Trade Organization, there’s a lot our government officials can do to expand trade and investment opportunities for manufacturers that will support economic growth, high-wage jobs and a fair playing field.
Latest posts by Ryan Ong (see all)
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