This strategy is a blueprint for competitiveness that will unleash the economy and manufacturing’s outsized multiplier effect. Importantly, manufacturers’ aspirations—the four goals laid out in the pages that follow—are ones that all Americans who want to maintain our country’s economic advantage can rally around.
Manufacturing Leaders Gather to Discuss Trade at Congressional Forum
Trade Promotion Authority Is Vital to Growing Ohio’s Manufacturing Economy
New Albany, Ohio, 02/21/14 - Leaders from Washington, D.C., and across Ohio took part in a congressional forum today at Commercial Vehicle Group’s (CVG) New Albany, Ohio, facility to discuss the importance of trade to growing the state’s manufacturing economy. CVG President and CEO Richard Lavin and National Association of Manufacturers (NAM) Vice President of International Economic Affairs Linda Dempsey participated in the forum alongside representatives from The Procter & Gamble Company, Dana Holding Corporation and Honda of America Mfg. Rep. Pat Tiberi (R-OH-12), a senior member of the House Ways and Means Committee, which has jurisdiction over trade agreements, delivered remarks on the importance of trade to Ohio.
“Quite simply, trade is good for Ohio employers and workers because it creates jobs right here in Ohio,” said Rep. Tiberi. “More than $27 billion in goods produced by Ohio manufacturers were exported to our free trade agreement partners. These exports account for more than a quarter of Ohio’s good-paying manufacturing jobs. Free trade agreements create an even playing field in foreign markets, allowing for more Ohio goods to be exported and creating jobs here in New Albany and in other communities across Central Ohio. When our trade partners agree to the same set of rules, Ohio and U.S. employers and workers can compete and produce better products than anyone in the world.”
“Trade policies are critical to manufacturing businesses like CVG as we seek to develop and deploy our business strategies around the world,” said Lavin. “Some of the commercial vehicle components that we manufacture at our facilities in the United States are sold directly to customers around the world, and many more become part of the global supply chain through sales to our domestic customers. On behalf of the entire CVG organization and our supply chain partners, I appreciate Rep. Tiberi’s commitment to free trade and his efforts to advance free trade legislation. I look forward to continuing this important dialogue with the manufacturing peers and business community partners who participated in today’s forum.”
“Manufacturers in Ohio and around the country are already boosting sales overseas, particularly to free trade agreement partner countries that purchase nearly 50 percent of all U.S.-manufactured goods exports and nearly 60 percent of Ohio’s manufactured exports,” said Dempsey. “Manufacturers need new, robust trade agreements that eliminate barriers overseas and put our nation’s manufacturers on a more level playing field. We urge the President and Congress to reauthorize both Trade Promotion Authority and the Export-Import Bank to improve manufacturers’ ability to win new sales globally and grow manufacturing here at home.”
In October, the NAM Board of Directors passed a resolution calling on the Administration and Congress to act quickly to restore Trade Promotion Authority so the United States can continue to open overseas markets and pursue the kind of robust trade policies and agreements that will help grow manufacturing. Every President since Franklin Roosevelt has had authority from Congress to strike trade deals that open overseas markets for manufacturers and workers. In addition, according to recent polling data, an overwhelming majority of voters support such collaboration between the President and Congress.
To see more about the NAM’s trade priorities and how manufacturers in every state are benefitting from trade, visit our website.