The key to American manufacturing is open trade

Source: National Association of Manufacturers

Jul 29, 2015

Striking new high-standard and market-opening trade agreements with other countries is essential to strengthening America’s manufacturing edge. Across the United States, manufacturers of all sizes are increasingly turning to trade to expand their customer base, grow their business, access critical inputs from overseas and create and sustain jobs here at home. Thanks in substantial part to past trade deals, U.S.-manufactured exports topped $1.403 trillion in 2014 – the highest level in America’s history – and are contributing to the continued growth of manufacturing in the United States, which also reached its highest level ever, with $2.09 trillion in output in 2014.

The Trans-Pacific Partnership (TPP) negotiations have the potential to create a final agreement that will be a strong catalyst for U.S. manufacturing growth for decades to come if it achieves the ambitious goals on which it was launched and is consistent with the congressionally approved negotiating objectives just enacted as part of Trade Promotion Authority (TPA) legislation.

To learn more, read “NAM TPP Priorities: Open Markets and Strengthen Global Competitiveness to Grow Manufacturing in the U.S.” from the National Association of Manufacturers.