10 Reasons Why America Needs Trade Promotion Authority

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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.

10 Reasons Why America Needs Trade Promotion Authority

  1. 10 REASONS WHY AMERICA NEEDS TRADE PROMOTION AUTHORITY
  2. 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.
  3. JOBS ENGINE: More than 38 million American jobs already depend on trade— one in every five jobs across the country.1
  4. 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
  5. FARM BONANZA: One in three acres on American farms is planted for export.3
  6. SERVICES GROWTH: American services providers generate nearly $700 billion in exports.4
  7. 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
  8. RISING EMPLOYMENT: The expansion in trade spurred by U.S. FTAs supports more than five million American jobs.6
  9. TRADE SURPLUS: The United States actually has a trade surplus with its 20 FTA partners.7 Free Trade Agreement Free Trade Agreement Free Trade Agreement TRADE manufactures MANUFACTURES manufactures MANUFACTURES MANUFACTURES MANUFACTURES SERVICES SERVICES SERVICES SERVICES SERVICES Agricultural Products Agricultural Products SOLUTIONAGRICULTURAL PRODUCTS AGRICULTURAL PRODUCTS Export Export EXPORT EXPORT EXPORT Import import IMPORT Import IMPORT Import Import TRADE TRADE TRADE TRADE Trade Trade TRADE TRADE manufactures manufactures Agricultural Products EXPORT Import Import SOLUTION SOLUTION SOLUTION SOLUTION SOLUTION SOLUTION SERVICES SERVICES Import TRADE Free Trade Agreement SOLUTION
  10. 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
  11. 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
  12. 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.
  13. TAKE ACTION Send a letter to Congress in support of Trade Promotion Authority at www.uschamber.com/TPA

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