NAM President Applauds Legislation implementing FTAs.
Press Release Summary:
In his statement issued after President Obama signed implementing legislation for free trade agreements (FTAs) with Colombia, South Korea, and Panama, NAM President and CEO Jay Timmons called FTAs "absolutely essential" to growing U.S. exports and economy. Timmons, on behalf of manufacturers, thanked Obama and congressional leaders for their work. Timmons also urged swift enforcement and implementation as well as negotiation of more FTAs.
Original Press Release:
Manufacturers: Implementing Free Trade Agreements Will Create Jobs
Additional FTAs Key to Doubling Exports and Economic Growth
Washington, D.C. - National Association of Manufacturers (NAM) President and CEO Jay Timmons issued this statement after President Obama signed the implementing legislation for the free trade agreements (FTAs) with Colombia, South Korea and Panama:
"Free trade agreements are absolutely essential to doubling exports and growing our economy. Manufacturers have long called for these agreements with Colombia, South Korea and Panama because they will create jobs and make us more competitive globally.
Manufacturers thank President Obama and congressional leaders for their work on passing these agreements. We now urge their swift entry into force and implementation so we can begin to see the benefits throughout our economy.
But we cannot stop there. Ninety-five percent of the world's consumers live outside the United States, so we need to negotiate more free trade agreements to expand manufactured goods exports. Dozens of agreements are being negotiated all over the globe right now, and the U.S. is party to only one."
The NAM has released a roadmap of policies to enhance the competitiveness of manufacturing in the United States. A Manufacturing Renaissance: Four Goals for Economic Growth outlines policies that must be adopted to enhance access to new markets and expand existing ones. Manufacturers strongly encourage all members of Congress and President Obama to adopt the policies laid out in A Manufacturing Renaissance. To read A Manufacturing Renaissance, please click here.
-NAM-
The National Association of Manufacturers is the largest manufacturing association in the United States, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.
