Contact: |
John Schachter |
|
202-872-1260 |
Release Date: |
11/22/1999 |
(Washington, D.C.)-Exporting is a major source of job
creation, revenue and above average-paying employment in the
United States. This is the overwhelming conclusion of an
analysis of 71 Trade Impact Studies scheduled for release on
November 30 by The Business Roundtable (BRT) in a series of
events across the country. The reports are based on an
in-depth analysis of trade on Congressional Districts
throughout the United States
"More than $102 billion worth of goods were exported by
literally thousands of businesses in these districts," said
Robert N. Burt, Chairman of The Business Roundtable. "Our
analysis also shows that approximately 575,000 jobs in these
71 Congressional Districts owe their direct existence to
trade. Beyond the statistics, what is significant is that the
reports identified the very real human faces behind these
exports - workers and farmers who have benefited from the
worlds of opportunity created by trade," added Burt, who is
also Chairman and CEO of FMC Corporation. The release of these
reports comes on the heels of the landmark trade agreement
reached between the United States and China just two weeks
ago.
The reports will be released in a series of events across
the country. Participants in these events will include Members
of Congress, local elected officials, academics and hundreds
of individuals directly involved in exporting. "We are sending
a signal that trade works for America," said Burt. "From a
small farm in Iowa, to a computer chip maker in California to
a manufacturing facility in New Hampshire, this diverse group
of American workers are united by the fact that they have
found opportunities in trade." The timing of the events and
release of the reports coincides with the World Trade
Organization meeting in Seattle of the world's trade ministers
to plan a global trade agenda for the next decade.
These reports - and the entire issue of trade - take on an
added importance in light of the U.S.-China trade agreement
and the WTO meeting. The agreement to bring China into the
World Trade Organization opens up the world's largest emerging
marketplace to American goods and services. For the United
States to reap the full benefits of this market-opening
agreement, Congress must now act with dispatch to grant China
the same Permanent Normal Trade Relations (PNTR) status the
United States has granted to more than 100 other nations.
Each of the reports features an in-depth analysis of the
impact of trade on jobs, industry sectors, average wages,
destination of products and companies involved in exporting.
Global Trade Information Services, Inc. and Standard &
Poor's prepared the reports based on studies of private and
governmental data bases, questionnaires and personal
interviews with businesses.
Throughout the reports, "Spotlight on Trade" sidebars
highlight individual companies that trade overseas. The
reports also feature appendices that catalog some 14,000
businesses in the United States that are involved in
exporting.
"A significant finding from these reports is that smaller
sized businesses are getting involved in exporting in a big
way," added Burt. "It is exhilarating to see how American
ingenuity shines in exporting. We've identified skateboard
makers, artists, manufacturers of nautical equipment and many,
many others who are growing their enterprises through trade."
The Business Roundtable is an association of chief
executive officers of leading corporations with a combined
workforce of more than 10 million employees in the United
States. The chief executives are committed to advocating
public policies that foster vigorous economic growth and a
dynamic global economy.
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