President Bush says 2002 Trade Act puts US back at bargaining table
Adjust font size:
Manufacturing News, Source : TheManufacturer.com
Published : 07 Aug 2002 20:35
At the official signing of the Trade Act of 2002, President Bush vowed to put America at the forefront of international trade, and as a result, provide relief for the ailing economy.
During the 1990s, exports accounted for nearly one-quarter of all economic growth for the US, and jobs in exporting plants paid an average of 18% higher than jobs in non-exporting plants.
With each passing day, America has lost trading opportunities, and the jobs and earnings that go with them. Starting now, America is back at the bargaining table in full force, said Bush.
By furnishing a completely free global market for agricultural products, the country would gain as much as $13 billion a year for American farmers and consumers. By lowering global trade barriers on all products and services by even one-third, the US economy would grow by $177 billion a year. In addition, living standards for the average family would increase by $2,500.
I will use trade promotion authority aggressively to create more good jobs for American workers, more exports for American farmers, and higher living standards for American families. Free trade has a proven track record for spurring growth and advancing opportunity for our working families, said Bush.
Comments on this story
click here to add a comment
You must be registered & logged in to add comments
already have an account and just want to login?
Related Content
Guest Editorial: Checklist - Seven Recommendations for Improved Profits
by Abbott A. Imberman, PhD, Professor of...
more…
FKI LOGISTEX OPENS NORTH AMERICAN TECHNOLOGY & EDUCATION CENTER (TEC)
(St. Louis, Missouri, USA: July 10, 2007) FKI...
more…
Guess selects the tradecard platformand SourceView suite to optimize global trade
NEW YORK, July 10, 2007 TradeCard Inc., the...
more…
Kimberly-Clark Professional Crosses Final Touchless Frontier With Introduction of First Electronic Bath Tissue Dispenser
ROSWELL, Ga. (July 9, 2007) Kimberly-Clark...
more…
Boeing Celebrates the Premiere of the 787 Dreamliner
EVERETT, Wash., July 08, 2007 -- Today, Boeing...
more…
no comments yet...