Manufacturers Call for Investment Protections in TPA

Letter Urges Congress to Maintain Strong ISDS Protections

Washington, D.C., April 21, 2015 – In a letter coordinated by the National Association of Manufacturers (NAM), more than 60 associations representing millions of manufacturers and businesses across the United States are calling on Congress to maintain strong investment and investor-state dispute settlement (ISDS) provisions in upcoming Trade Promotion Authority (TPA) legislation. These provisions promote fairness and the rule of law overseas, while helping to sustain and grow the U.S. economy.

“Manufacturers need access to new markets overseas to sustain economic growth and job creation,” said NAM Vice President of International Economic Affairs Linda Dempsey. “Yet, businesses of all sizes face a tough global economy, where foreign governments continue to close their markets, discriminate against us, steal our technology or otherwise deny our businesses a fair shake. Investment rules, enforced through ISDS, provide vital recourse against unfair treatment and must continue to be a priority in new trade agreements.”

To read the letter, click here.

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The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.09 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the National Association of Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.