Press Releases and Statements Archives - Page 39 of 106

NFTC Welcomes DOT Announcement on U.S.-Mexico Cross-Border Trucking

Posted on January 12, 2015 by dcadmin

Washington DC – The National Foreign Trade Council (NFTC) today applauded the U.S. Department of Transportation’s announcement that Mexican motor carriers will soon be able to apply for authority to conduct long-haul, cross-border trucking services in the United States.

NFTC Vice President for Regional Trade Initiatives Chuck Dittrich stated:

“We are pleased that the cross-border trucking pilot program was a success, as indicated by the Department of Transportation’s exhaustive analysis of the program, and that the United States and Mexico have at long last set the stage for a resolution on this issue.

“Mexico is one of our most important trading partners, so the announcement to normalize the ability of Mexican carriers to apply for authority to operate cross-border trucking to transport goods into the United States is a big win for our bilateral trade relations. Honoring our international obligations under NAFTA ensures open borders for two-way trade that creates U.S. jobs and supports economic growth.”

About the NFTC

NFTC is Celebrating our New Century in 2014! Details at www.nftc.org The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York. Follow us on:

USA*Engage and NFTC Welcome Launch of U.S. Agriculture Coalition for Cuba

Posted on January 8, 2015 by dcadmin

Washington, DC – Today, USA*Engage and the National Foreign Trade Council (NFTC) welcomed the launch of the U.S. Agriculture Coalition for Cuba (USACC), a coalition of more than 25 companies and farm trade associations with the goal of normalizing trade relations between the United States and Cuba.

“We welcome the creation of the U.S. Agriculture Coalition for Cuba and its efforts in support of open trade and investment with Cuba,” said NFTC President Bill Reinsch. “As an organization strongly supportive of an open, rules-based global trading system, we look forward to working with all sectors of the business community supportive of this initiative to normalize our trade relations with Cuba.”

“President Obama’s announcement in December on easing U.S. restrictions on Cuba signaled an important opening for the United States to reconsider its outdated Cuba policy and recognize the need to restore trade relations with Cuba,” said USA*Engage Vice President Richard Sawaya. “Seizing this opening, we welcome the opportunity to work with USACC and other members of the business community in continuing to provide evidence of the many benefits of a normalized trade relationship with Cuba for all sectors of our economy – from manufacturing to agriculture to services.”

###

About USA*Engage
USA*Engage (www.usaengage.org) is a coalition of small and large businesses, agriculture groups and trade associations working to seek alternatives to the proliferation of unilateral U.S. foreign policy sanctions and to promote the benefits of U.S. engagement abroad. Established in 1997 and organized under the National Foreign Trade Council (www.nftc.org), USA*Engage leads a campaign to inform policymakers, opinion leaders, and the public about the counterproductive nature of unilateral sanctions, the importance of exports and overseas investment for American competitiveness and jobs, and the role of American companies in promoting human rights and democracy worldwide.

About NFTC
The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York. Follow us on Facebook and Twitter.

NFTC Statement on President Obama’s Announcement on U.S. Cuba Policy

Posted on December 17, 2014 by dcadmin

Washington DC – The National Foreign Trade Council (NFTC) issued the following statement on President Obama’s announcement on U.S. Cuba policy.

NFTC President Bill Reinsch stated:

“The release of American prisoner Alan Gross and President Obama’s decision to seek the normalization of relations between the United States and Cuba is most welcome news. The decision is truly strategic. Decades of embargo have not advanced democracy or liberty for the Cuban people.

“The changes in the embargo made by the President within his executive authority will promote the free flow of information between individual Cubans and the rest of the world. Restoring normal diplomatic relations between the United States and Cuba will foster U.S. interests culturally, commercially and regionally. It is past time to bring down the walls.

“While these changes are essential to promoting democracy in Cuba, they will not promote an immediate bonanza for American exporters. There is much work to be done in rebuilding what has historically been an important market for our manufacturers, farmers and service providers.

“The NFTC salutes the Administration for advancing these measures. We encourage the 114th Congress to support the President’s actions.”

NFTC Vice President for Global Trade Issues Jake Colvin added:

“Congress now has a decision to make. It can either show that politics stops at the water’s edge, or insist that the walls of the Cold War still exist.”

About the NFTC

NFTC Applauds Funding for TAA, Calls for Long-Term Reauthorization

Posted on December 15, 2014 by dcadmin

Washington DC – The National Foreign Trade Council (NFTC) today applauded the U.S. Senate and House of Representatives for passing a spending bill, which included additional funding for the Trade Adjustment Assistance (TAA) program in the coming year. TAA was set to expire on December 31, 2014.

“We applaud congressional action to continue funding TAA, a program critical to U.S. competitiveness and economic growth,” said NFTC President Bill Reinsch. “We are pleased that members of Congress took legislative action to ensure that U.S. workers impacted by trade will continue to receive the benefits and training they need to get back on their feet and back to work. However, short-term funding is not enough; long-term reauthorization of this program is essential in a world driven by global supply chains and with rising domestic inequality.”

“Inclusion of provisions to fund TAA in the spending bill signals that it is a critical part of a comprehensive and competitive national trade policy of opening overseas markets, updating the rules of the global trading system and vigorously enforcing the actions of our trading partners to assure they adhere to those rules,” said NFTC Vice President for Regional Trade Initiatives Chuck Dittrich. “TAA is important to those U.S. firms and workers who are affected by the shifts in the U.S. economy by the elimination of tariffs and other trade barriers around the world. It provides assistance so that American workers can most quickly participate in the growth and innovation of the larger U.S. economy, made possible by free trade and investment.”

“Congress and the Administration should now turn to a bipartisan effort to provide the president modernized Trade Promotion Authority to facilitate the conclusion of future and current U.S. trade agreements under negotiation, including a high-standard, comprehensive Trans-Pacific Partnership agreement,” concluded Reinsch.

About the NFTC

USA*Engage Expresses Disappointment in Congressional Action to Impose Additional U.S. Russia Sanctions

Posted on December 12, 2014 by dcadmin

NFTC, 11 Other Business Organizations Send Letter To NJ State Lawmakers In Opposition To Two “Buy American” Bills

Posted on December 11, 2014 by dcadmin

NFTC Celebrates 100 Years, Policymakers Make Case for Trade

Posted on December 4, 2014October 7, 2022 by dcadmin

In Special Video Address, President Obama Commended the Association and Committed to Working with Congress to Pass TPA, Advance Trade Agreements

Washington DC – Last night, the National Foreign Trade Council (NFTC) Foundation celebrated 100 years with its Centennial World Trade Dinner and Award Ceremony at the Andrew W. Mellon Auditorium. Former U.S. Trade Representative Carla Hills, Chair and Chief Executive Officer of Hills and Co., served as master of ceremonies, and guests – ranging from senior U.S. government officials and diplomats to C-level executives of global companies – heard from policymakers on the importance of trade.

President Obama delivered a special video message that was introduced by Valerie Jarrett, Senior Advisor and Assistant to the President for Intergovernmental Affairs and Public Engagement, commending the NFTC’s “100 years of promoting American commerce” and highlighting the benefits of trade.

“Today, more than ever, bolstering international trade is critical to growing America’s economy and advancing American leadership,” said President Obama. “The more we export, the more good jobs we support here at home. Jobs innovating the next big idea. Jobs designing breakthrough technologies. Jobs manufacturing American goods to be sold all around the world.”

President Obama also expressed his commitment to working with Congress “to renew a bipartisan Trade Promotion Authority so we can keep promoting American exports and supporting American jobs.”

Additionally, Senator Orrin Hatch (R-UT) delivered remarks and was presented the 2014 NFTC World Trade Award for his lifetime achievement in opening markets worldwide to U.S. trade and investment. General Electric (GE) Chairman & CEO Jeffrey R. Immelt was honored with the first-ever NFTC Trade Leadership for the Digital Age award, which was accepted on Mr. Immelt’s behalf by GE Vice President Karan Bhatia, a former Deputy U.S. Trade Representative.

Other notable highlights include remarks by Senator Rob Portman (R-OH), Under Secretary of Commerce for International Trade Stefan Selig and NFTC Chairman Alan Wolff.

To celebrate its centennial, the NFTC has convened a yearlong series of programs and activities, such as its This Week in Trade History campaign, to examine the future of trade in the context of key industries, regions and issues.

The NFTC was also honored with three major awards this year. On May 28, the association received the President’s “E Star” Award for Export Service – the highest recognition any U.S. entity may receive for making a significant contribution to the expansion of U.S. exports. On May 12, the NFTC received the World Trade Week NYC (WTW NYC) 2014 Global Trade Award for its 100 years of significant contributions to the growth of international trade in the New York metropolitan region. On April 2, the NFTC was presented the 2014 Advancing International Trade Award by the National Association of Small Business International Trade Educators International (NASBITE International) – the leading professional society of international trade educators – in honor of its legacy of advancing international trade.

About the NFTC

NFTC’s Jake Colvin Appointed to USTR’s Trade and Environment Policy Advisory Committee

Posted on November 18, 2014 by dcadmin

Washington DC – The National Foreign Trade Council (NFTC) welcomed today the appointment of NFTC Vice President for Global Trade Issues Jake Colvin to the U.S. Trade and Environment Policy Advisory Committee (TEPAC). The Committee, managed by the Office of the U.S. Trade Representative’s (USTR) Office of Intergovernmental Affairs and Public Engagement in cooperation with other agencies, provides policy counsel on issues involving trade and the environment.

“I am honored to have been selected as a member of the Trade and Environment Policy Advisory Committee at a time when the United States is advancing one of the most robust trade policy agendas in a generation,” said Colvin. “Trade policies provide an opportunity to improve environmental outcomes and address global climate challenges. I look forward to working with USTR and my fellow Committee members on trade policies that promote the interests of American businesses, workers and consumers.”

In July, Colvin spearheaded the NFTC’s efforts to form the Coalition for Green Trade with the National Association of Manufacturers and the United States Council for International Business. Launched around the start of the World Trade Organization’s (WTO) Environmental Goods Agreement (EGA) negotiations, the Coalition’s purpose is to educate policymakers and the public on the importance of lowering trade barriers to environmental technologies and to advocate for the negotiation of an ambitious EGA.

Colvin leads NFTC’s trade and environmental policy work, and represents the Council before international organizations including the WTO, Asia-Pacific Economic Cooperation forum and UN Framework Convention for Climate Change. He also heads the NFTC’s Global Innovation Forum, which connects business, startup, development and university leaders with public policymakers to understand the opportunities and challenges associated with engaging in the global marketplace in the digital age.

###

About the NFTC
NFTC is Celebrating our New Century in 2014! Details at www.nftc.org The National Foreign Trade Council (www.nftc.org) is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York. Follow us on:

NFTC Welcomes U.S.-India Agreement on Trade Facilitation Agreement

Posted on November 13, 2014 by dcadmin

Washington DC – Today, the National Foreign Trade Council (NFTC) welcomed news of an agreement between the United States and India on a path forward for implementing the World Trade Organization (WTO) Trade Facilitation Agreement (TFA).

“Today’s announcement of an agreement between the United States and India signals significant progress toward implementing the WTO Trade Facilitation Agreement,” said NFTC President Bill Reinsch. “We commend Ambassadors Froman and Punke for their leadership in securing this step forward, and for the Administration’s commitment to advancing the rules-based global trading system.”

In July, when the TFA implementation reached an impasse, the NFTC called on WTO members to seek a solution that would enable the agreement to proceed, citing the importance of modernizing trade rules through agreements such as the TFA.

“Today’s announcement is good news, but we’ll wait to celebrate until the political commitment is finalized and economies move to implement the provisions of the agreement,” said NFTC Vice President for Global Trade Issues Jake Colvin. “As the dust settles on this agreement, it’ll be important to take a fresh look at new pathways that will enhance the credibility of the negotiating function at the WTO and avoid a situation where one or a small handful of countries is able to undermine the aspirations of the WTO’s membership at large.”

###

NFTC Joins More Than 200 Other Leading Business Groups in Urging Passage of TPA in 2014

Posted on November 12, 2014 by dcadmin

Washington DC – Today, the National Foreign Trade Council (NFTC) joined more than 200 other leading business organizations in sending a letter to House and Senate leadership urging passage of bipartisan Trade Promotion Authority (TPA) legislation this year. The letter is a clear indicator of broad business community support for TPA – an important tool to ensure critical pending trade agreements are completed and achieve the best possible outcomes for American exporters and workers.

The letter was spearheaded by the Trade Benefits America Coalition, of which the NFTC is a steering committee member.

To follow is an excerpt:

“… History has shown that TPA is a critical tool for helping complete ambitious U.S. trade agreements and getting them passed by Congress. With 95 percent of potential customers outside the United States and more than one in five American jobs supported by trade, we need to seize on opportunities – such as ongoing and future U.S. trade agreements – to expand U.S. commerce with other countries.

“Accordingly, we are eager to work with you, your colleagues in the House and Senate, and the Administration to pass bipartisan TPA legislation before the end of the year.”

Click here to read the full letter.

###