ThomasNet News Logo
Sign Up | Log In | ThomasNet Home | Promote Your Business

Trade Surplus shows value of US Free Trade Agreements.

Print | 
Email |  Comment   Share  
March 4, 2010 - US Free Trade Agreements (FTAs) have resulted in trade surplus for US manufactured goods for second year in a row. US manufactured goods exports to NAFTA and CAFTA as well as other FTAs exceeded imports by $21 billion in 2008 and extended their surplus to $26 billion in 2009. This two-year surplus of nearly $50 billion stands in contrast to what trade naysayers have been telling Congress, blaming trade agreements as reason for trade deficit.

FTAs Win Trade Olympics with Exports of Manufactured Goods


(Archive News Story - Products mentioned in this Archive News Story may or may not be available from the manufacturer.)

National Association Of Manufacturers (NAM)
1331 Pennsylvania Ave. N.W.
Washington, DC, 20004
USA



Press release date: March 1, 2010

The results are in, the judges have made their decision, and the results are final. U.S. Free Trade Agreements (FTAs) for the second year in a row have turned in a trade surplus for U.S. manufactured goods. U.S. manufactured goods exports to NAFTA, CAFTA, and the other FTAs exceeded imports by $21 billion in 2008 and extended their surplus to $26 billion in 2009 -- starkly visible in the graph below.

This two-year surplus of nearly $50 billion is pure gold when viewed against the distressing $1.4 trillion dollar deficit for U.S. overall trade in goods and services during that period. What a great record for U.S. Free Trade Agreements - the brightest spot in the U.S. trade picture!

This reality stands in sharp contrast to what the trade naysayers have been telling Congress, blaming trade agreements as the reason for the trade deficit. Well, the score is in, the facts are now known, and the deficit is with the countries that DON'T have trade agreements with the United States.

Hopefully winning the "Trade Olympics" gold medal will catch Congress' attention so they will focus on reality rather than the mythology that has been handed to them for years - and will take up and pass the three pending trade agreements with Colombia, Korea, and Panama.

Thousands of Americans are out of work today rather than being employed by America's manufacturers who would have expanded sales, production, and employment opportunities if Congress stopped insisting that we should continue to have to pay high tariffs to sell in those countries.

Frank Vargo is NAM's vice president, international economic affairs.
Print | 
Email |  Comment   Share  
Contacts: View detailed contact information.


 

Post a comment about this story

Name:
E-mail:
(your e-mail address will not be posted)
Comment title:
Comment:
To submit comment, enter the security code shown below and press 'Post Comment'.
 



 See related product stories
More .....
 See more product news in:
Services
| Featured Manufacturing Jobs
 Other News from this company:
NACD and Associquim Sign Memorandum of Understanding
Good News on ACA Implementation - Kind of
Participate in Manufacturing Day - Mark Your Calendars for October 4!
Business Group Praises Bipartisan Introduction of Bill Preventing Costly and Unnecessary Regulation of Main Street Risk Management
Manufacturers Win in Fight Against NLRB Overreach
More ....
 Tools for you
Watch Company 
View Company Profile
Company web site
More news from this company
E-mail this story to a friend
Save Story
Search for suppliers of
Trade Associations


Home  |  My ThomasNet News®  |  Industry Market Trends®  |  Submit Release  |  Advertise  |  Contact News  |  About Us
Brought to you by Thomasnet.com        Browse ThomasNet Directory

Copyright © 2014 Thomas Publishing Company. All Rights Reserved.
Terms of Use - Privacy Policy



Error close

Please enter a valid email address