The NAM delivered several key messages to U.S. Trade Representative Katherine Tai this week at the U.S.–UK Dialogue on the Future of Atlantic Trade in Aberdeen, Scotland.
What’s happening: The meetings, convened by Ambassador Tai and UK Secretary of State for International Trade Anne-Marie Trevelyan, were the second in a series begun last month in Baltimore.
- The meetings in Aberdeen featured a series of dialogues on issues including supply chains, digital trade, small- and medium-sized enterprises and green trade.
- They included U.S. and UK government officials as well as U.S. and UK business, labor and civil society leaders.
What the NAM said: NAM Vice President of International Economic Affairs Ken Monahan, who participated in both sets of meetings, told Input that the NAM made two crucial points to Ambassador Tai, Secretary Trevelyan and other leaders this week.
- “Manufacturers in the United States need diverse sources for trade to ensure supply chain resiliency—supported by a robust network of market-opening, comprehensive, enforceable trade agreements and other arrangements with U.S. allies,” Monahan said.
- He added that “as the U.S. and the UK take steps to build a stronger, more open and secure economic relationship, the NAM urged the launch of talks toward a new U.S.–UK market-opening trade agreement that includes strong, clear and enforceable outcomes.”
Monahan also told the leaders that a trade deal with the UK should include several key priorities for manufacturers, including:
- The elimination of tariffs and nontariff barriers;
- Strong digital trade commitments;
- Robust engagement on intellectual property issues;
- Collaboration on standards, technical regulations, testing procedures and conformity assessment;
- The brokering of common approaches to ending forced labor in global supply chains; and
- Ensuring stronger alignment on customs procedures and approaches.
Why it matters: The U.S. and the UK share a strong trade and investment relationship.
- It includes more than $93 billion in two-way trade of manufactured goods and accumulated cross-border investment in manufacturing of more than $273 billion.
- Key U.S.-manufactured goods exports to the UK include metals, chemicals, transportation equipment, computer and electronic products and machinery.
The last word: “Recent events show that we need our friends now more than at any time in recent memory,” Monahan said. “It is vital that we forge deeper trade agreements and other economic partnerships with allies like the UK. It is also essential that we work closely with the UK and others to ensure supply chain resiliency and address shared global economic challenges that our companies face in markets around the world.”
Washington, D.C. – Ahead of the midterm elections, the National Association of Manufacturers released its policy roadmap, “Competing to Win,” a comprehensive blueprint featuring immediate solutions for bolstering manufacturers’ competitiveness. It is also a roadmap for policymakers on the laws and regulations needed to strengthen the manufacturing industry in the months and years ahead.
With the country facing rising prices, snarled supply chains and geopolitical turmoil, manufacturers are outlining an actionable competitiveness agenda that Americans across the political spectrum can support. “Competing to Win” includes the policies manufacturers in America will need in place to continue driving the country forward.
“‘Competing to Win’ offers a path for bringing our country together around policies, shared values and a unified purpose,” said NAM President and CEO Jay Timmons. “The NAM is putting forward a plan filled with ideas that policymakers could pursue immediately, including solutions to urgent problems, such as energy security, immigration reform, supply chain disruptions, the ongoing workforce shortage and more. Manufacturers have shown incredible resilience through difficult times, employing more workers now than before the pandemic, but continued resilience is not guaranteed without the policies that are critical to the state of manufacturing in America.”
The NAM and its members will leverage “Competing to Win” to shape policy debates ahead of the midterm elections, in the remainder of the 117th Congress and at the start of the 118th Congress—including in direct engagement with lawmakers, for grassroots activity, across traditional and digital media and through events in key states and districts as we did following the initial rollout of the roadmap in 2016.
The document focuses on 12 areas of action, and all policies are rooted in the values that have made America exceptional and keep manufacturing strong: free enterprise, competitiveness, individual liberty and equal opportunity.
Learn more about how manufacturers are leading and about the industry’s competitiveness agenda at nam.org/competing-to-win.
The National Association of Manufacturers 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 12.8 million men and women, contributes $2.77 trillion to the U.S. economy annually and accounts for 58% 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 NAM or to follow us on Twitter and Facebook, please visit www.nam.org