Post on 14-Jun-2015
description
10 REASONS WHY AMERICA NEEDSTRADE PROMOTION AUTHORITY
MORE CUSTOMERS:
Growth and jobs at home depend on our ability to sell American goods and services to the 95% of humanity that lives outside the United States.
JOBS ENGINE:
More than 38 million American jobs already depend on trade—one in every five jobs across the country.1
MANUFACTURING STRENGTH:
One in four U.S. manufacturing jobs depends on exports, and these workers’ wages are 18% higher on average than those of other factory workers.2
FARM BONANZA: One in three acres on American farms
is planted for export.3
SERVICES GROWTH:
American services providers generate nearly $700 billion in exports.4
BIG MARKETS:
America’s 20 free-trade agreement (FTA) partners represent just 10% of global GDP but buy nearly half of U.S. exports.5
RISING EMPLOYMENT:
The expansion in trade spurred by U.S. FTAs supports more than five million American jobs.6
TRADE SURPLUS:
The United States actually has a trade surplus with its 20 FTA partners.7Free Trade Agreement
Free Trade Agreement
Free Trade Agreement
TRADE manufactures
MANUFACTURES
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Agricultural Products
Agricultural Products
SOLUTION
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EXPORT
EXPORT
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Import
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IMPORT
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TRADE
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ADE
Free Trade Agreement
SOLUTION
SMALL BUSINESS: FTAs sweep away trade barriers that are especially tough on the 300,000 small and medium-sized companies that account for 97% of all U.S. exporters.8
FASTER GROWTH: U.S. exports to new FTA markets tend to grow two-to-four times faster in the five-year period following the agreement’s entry into force than U.S. exports globally.9
REFERENCES: 1 “Trade and American Jobs,” The Trade Partnership: http://www.tradepartnership.com/pdf_files/Trade_and_American_Jobs7.2010.pdf.
2 U.S. Department of Commerce: http://trade.gov/publications/ita-newsletter/0510/exports-play-vital-role-in-supporting-us-employment-0510.asp and http://trade.gov/mas/ian/build/groups/public/@tg_ian/documents/webcontent/tg_ian_003208.pdf.
3 American Farm Bureau Federation: http://www.fb.org/index.php/index.php?action=newsroom.fastfacts.
4 U.S. Department of Commerce: http://trade.gov/press/press-releases/2014/export-factsheet-february2014-020614.pdf.
5 U.S. Department of Commerce: http://www.commerce.gov/news/fact-sheets/2013/02/19/fact-sheet-national-export-initiative.
6 “Opening Markets, Creating Jobs: Estimated U.S. Employment Effects of Trade with FTA Partners,” U.S. Chamber of Commerce: https://www.uschamber.com/report/opening-markets-creating-jobs-estimated-us-employment-effects-trade-fta-partners.
7 U.S. Department of Commerce data, analysis by U.S. Chamber of Commerce: https://www.uschamber.com/blog/one-weird-fact-about-trade-deficit-no-one-has-noticed.
8 U.S. Department of Commerce: http://www.trade.gov/mas/ian/build/groups/public/@tg_ian/documents/webcontent/tg_ian_005369.pdf.
9 U.S. Chamber of Commerce analysis.
TAKE ACTIONSend a letter to Congress in
support of Trade Promotion Authority at www.uschamber.com/TPA