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 Is Vital to Growing North Carolina’s Economy
Research Triangle Park, N.C., 04/24/14 - Leaders from Washington, D.C., and across North Carolina took part in a congressional forum today at the North Carolina Biotechnology Center facility in Research Triangle Park to discuss the importance of trade to growing the state’s economy. Nevin McDougall, senior vice president of North America for BASF Corporation’s Crop Protection Division; Matthias Meder, vice president of Stewardship and Regulatory for BASF Corporation’s Plant Science Division; and Chris Moore, senior director of international business policy at the NAM, participated in the forum alongside Rep. David Price (D-NC-04), who delivered remarks on the importance of trade to North Carolina.
“I enjoyed the opportunity to learn more about the trade priorities of local businesses,” said Rep. Price. “When constructed responsibly, trade agreements can boost U.S. exports and provide North Carolina’s businesses and manufacturers access to new and growing international markets.”
“Trade policies are critical to manufacturing businesses like BASF as we seek to develop and deploy our business strategies around the world,” said McDougall. “On behalf of the entire BASF organization, I appreciate Rep. Price’s commitment to working with us to develop policies that expand opportunities for business and cooperation between nations. I look forward to continuing this important dialogue with the manufacturing peers and business community partners who participated in today’s forum.”
“Manufacturers in North Carolina 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 bring nearly $30 billion to North Carolina’s economy,” said Moore. “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 Obama 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.