NAM supports legislature that defends against unfair subsidies.March 12, 2012 -
NAM VP of International Economic Affairs, Frank Vargo, issued statement urging members of House to support H.R. 4105 to eliminate trade-distorting subsidies. In order to compete against global competition, manufacturers in U.S. need fair and level playing field. H.R. 4105 will allow Department of Commerce to continue to apply countervailing duties to non-market economies, such as China. If Congress fails to act quickly, thousands of manufacturers will be negatively impacted.
Level the Playing Field for Manufacturers in the U.S.
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National Association Of Manufacturers (NAM)
1331 Pennsylvania Ave. N.W.
Washington, DC, 20004
Press release date: March 6, 2012
Legislation Will Allow the U.S. Government to Defend Against Unfair Subsidies
Washington, D.C., - National Association of Manufacturers (NAM) Vice President of International Economic Affairs Frank Vargo issued the following statement urging members of the House to support H.R. 4105 to eliminate trade-distorting subsidies:
"In order to compete against our global competition, manufacturers in the United States need a fair and level playing field. Today, members of the House can act to give our government the ability to defend against the trade-distorting subsidized exports from China that threaten jobs and growth.
We urge all members to support H.R. 4105, which will allow the Department of Commerce to continue to apply countervailing duties to non-market economies, such as China, to defend manufacturers in the United States. If Congress fails to act quickly, thousands of manufacturers will be negatively impacted, and thousands of jobs will be put at risk at a pivotal time in our recovery. Manufacturers are facing unprecedented challenges and need Washington to level the playing field in order to prevent the loss of jobs and enforce the World Trade Organization's prohibition against subsidized exports."
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.