Press Releases and Statements Archives - Page 62 of 106

NFTC Welcomes President’s Commitment to Advancing the U.S. Trade Agenda, Innovation Policies and Tax Reform

Posted on January 26, 2011June 28, 2022 by dcadmin

Washington DC – The National Foreign Trade Council (NFTC) today welcomed the President’s State of the Union remarks on the importance of expanding trade relations with key nations, enhancing American innovation and enacting tax reform. The NFTC released the following statement:

“We commend the President for restating his continued commitment to boosting U.S. export growth through the National Export Initiative, and expanding global market access for U.S. goods and services through trade. We also welcome the President’s call for Congress to approve the KORUS FTA as soon as possible, and we were encouraged by the his remarks on the Trans-Pacific Partnership Agreement negotiations and the Colombia and Panama free trade agreements,” said NFTC President Bill Reinsch.

“Regarding the Colombia and Panama agreements, we urge the President to turn his words of commitment into action by instructing his Administration to work vigorously and hand in hand with the Colombian and Panamanian governments to make those trade pacts a reality in the short term,” said NFTC Vice President for Regional Trade Issues Chuck Dittrich.

“We welcome President Obama’s focus on innovation, and he put his finger on some of the most important problems facing U.S. entrepreneurs and innovators. In order for America to remain an innovation leader, the Administration and Congress must reform immigration and visa policies to facilitate global mobility, ensure effective protection of American ideas in foreign markets, improve incentives for American students to pursue careers in science, technology, engineering and math and drive innovative U.S. exports,” said NFTC Vice President for Global Trade Issues Jake Colvin. “We look forward to working to help address them through smart public policy.”

“We are pleased that the President pointed out that American worldwide companies face one of the highest corporate tax rates in the world. That is far from a level playing field when we look at our competitors across the globe,” said NFTC Vice President for Tax Policy Cathy Schultz. “With the economy still in recovery, it is important that we stimulate U.S. competitiveness and job creation by enacting policies that will ensure U.S. multinational companies are able to compete globally. In that spirit, we urge the Administration and Congress and refrain from pursuing policies that unfairly saddle companies with what amount to tax hikes. Such policies will only hamper the ability of companies to create jobs and compete worldwide.”

“Overall, we were encouraged by the sense of bipartisanship in the President’s remarks and in the chamber itself. We hope that sentiment permeates what are likely to be contentious debates on all of these key issues affecting the American economy,” Reinsch concluded.

About NFTC
Advancing Global Commerce for Over 95 Years – 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.
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NFTC President Says Two Senate Bills Introduced Today Signal Room for Bipartisan Cooperation on Trade-Related Issues

Posted on January 25, 2011 by dcadmin

Washington DC – The National Foreign Trade Council (NFTC) welcomed two trade-related pieces of legislation introduced today – the Creating American Jobs Through Exports Act of 2011 and the SUGAR (Stop Unfair Giveaway and Restrictions) Act. The NFTC noted that both bills were introduced by a bipartisan set of co-sponsors – the first by Sens. Rob Portman (R-OH) and Joseph Lieberman (ID-CT), and the second by Sens. Jeanne Shaheen (D-NH) and Mark Kirk (R-IL).

“The NFTC welcomes the introduction of these bills, both on their merits and because they are an early signal in the 112th Congress that Members are genuinely committed to working together on a bipartisan basis to increase U.S. economic growth through trade,” said NFTC President Bill Reinsch.

“We applaud Sens. Portman and Lieberman for introducing a bill that calls on Congress to approve the three pending free trade agreements with Colombia, Panama and South Korea, and makes the case for restoring presidential Trade Promotion Authority,” said Reinsch. “All three FTAs are critical to maximizing U.S. economic growth and job creation, and helping our exporters – from small- and medium sized businesses to large companies with worldwide operations – maintain and expand their foothold in these three dynamic markets.”

“We also believe that to continue exploring avenues to boost the U.S. economy through trade, the President needs Trade Promotion Authority. This is an issue on which the NFTC has been actively involved for many years, and we look forward to continuing to share with Members of Congress our ideas for reforming and renewing negotiating authority,” said Reinsch.

In 2009, the NFTC released a draft “Trade Negotiating Authority Act of 2009,” which the Council developed to initiate debate over the appropriate objectives for negotiating trade agreements and an efficient “fast track” process for congressional consideration of implementing legislation. The NFTC’s draft bill, which builds on existing Trade Promotion Authority, includes new provisions that update negotiating objectives and reform the Congressional-Executive consultation process.

With respect to the SUGAR Act, the NFTC has long advocated reform of the current U.S. sugar program, which sets artificially low import quotas and applies high tariffs on imports exceeding those limits – raising prices for American industry and consumers.

“As the debate over the 2012 farm bill is soon to begin, we applaud Sens. Shaheen and Kirk for taking an early stand and calling into question current U.S. sugar policy,” said Reinsch. “Sugar prices are at an all-time high, and this issue not only affects consumers but U.S. sugar-using industries and the thousands of workers they employ.”

For more information, please contact Jennifer Cummings at jcummings@fratelli.com.

NFTC Commends President Obama for Taking Long-Awaited Steps to Expand U.S. Travel to Cuba

Posted on January 14, 2011April 11, 2025 by dcadmin

Washington, DC – In response to the announcement by the White House of new regulations governing travel and remittances to Cuba, NFTC Vice President Jake Colvin released the following statement:

“Today’s announcement is a welcome and long-overdue step in the right direction for U.S. Cuba policy. The changes to U.S. regulations will permit more contact between Americans and Cubans, which is good for both. Americans will be able to travel to Cuba for a greater variety of academic, religious and cultural reasons to act ambassadors in a country where official contacts have yet to be normalized.

“NFTC has long maintained that the President has the ability to make significant changes to the rules governing U.S. Cuba policy. Today’s announcement is an example of both the ability and willingness of the Obama Administration to realign Cuba policy with the interests of American citizens and the Cuban people. We hope the Administration and Congress will take additional steps over the coming months to further restore the ability of Americans to travel and trade with Cuba.”

To coincide with the announcement, NFTC and USA*Engage released a timeline of recent activity on Cuba highlighting increasing momentum to change policy.

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NFTC Welcomes Administration’s Engagement with Mexican Government on Cross-Border Trucking

Posted on January 6, 2011 by dcadmin

Washington DC – The National Foreign Trade Council (NFTC) today welcomed news that the Obama Administration is working with the Mexican Government to map out a resolution to the cross-border trucking dispute. The NFTC noted that the release of a U.S. Department of Transportation concept paper on the trucking issue is a sign that concrete steps are being taken to settle this dispute in the near term.

“We welcome the Administration’s announcement and hope that this issue can be resolved once and for all very soon,” said NFTC President Bill Reinsch. “The United States cannot afford inaction or slow movement, given the real dollars and cents impact of the tariffs Mexico put in place because we failed to abide by our trade commitments.”

“The President has repeatedly stated his interest in settling the trucking dispute, and today’s announcement signals that his team is moving forward by taking necessary steps to reach a resolution,” said NFTC Vice President for Regional Trade Initiatives Chuck Dittrich. “It is both in the United States’ and Mexico’s interests to resolve this issue quickly, and we are encouraged that the Administration will now engage the Mexican Government to devise a solution that will benefit workers and consumers in both countries. This is a promising start to a pro-active 2011 U.S. trade agenda.”

To read the U.S. Department of Transportation concept paper on the issue, please click here.

About the NFTC

Advancing Global Commerce for Over 95 Years – 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.
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NFTC, US-Colombia Business Partnership Press for Renewal of Andean Trade Preferences

Posted on December 15, 2010 by dcadmin

Washington, DC – In a letter sent today to House and Senate leaders, the National Foreign Trade Council (NFTC) and the US-Colombia Business Partnership wrote:

“On behalf of the member companies of the US-Colombia Business Partnership and the National Foreign Trade Council, we urge you to renew the Andean Trade Preferences Act (ATPA) for Colombia prior to the adjournment of the 110th [sic] Congress. We collectively represent a broad coalition of companies in the energy, pharmaceutical, consumer products, mining, financial investments in Colombia provide economic development to thousands of Colombians seeking employment in the legitimate economy, while simultaneously benefiting American workers across the United States….

“Failure to renew ATPA would not only directly impact American jobs, but would be a devastating blow to Colombia. As one of America’s closest allies in Latin America, and a country that has fully lived up to its obligations under the ATPA, it deserves to have these benefits extended. Simply put, our exports both in products and services to Colombia provide for good paying jobs in the U.S. and we support a rules-based preference program where trade benefits are earned by those countries that live up to defined criteria. We urge you to renew the ATPA by the close of this Congress and before the December 31, 2010 expiration.”

To read the full text of the letters, please click here.

The NFTC also joined a number of other leading business community associations in sending to Speaker Pelosi, Minority Leader Boehner and the Chairman and Ranking Member of the Ways and Means Committee, a letter urging House passage of the Omnibus Trade Act of 2010 (H.R. 6517).

To read that letter, please click here.

NFTC Urges Congress to Extend TAA, Trade Preferences Before Adjournment

Posted on December 14, 2010 by dcadmin

Washington, DC – The National Foreign Trade Council (NFTC) today urged Congress to extend the Trade Adjustment Assistance (TAA) program, the Andean Trade Preferences Act (ATPA), the Generalized System of Preferences (GSP) and the Miscellaneous Tariff Bill (MTB) before adjourning for the year. The NFTC noted that the bill introduced by House Ways and Means Committee Chairman Sander Levin (H.R. 6517) is a useful legislative vehicle to extend all four programs, although there are other approaches that could achieve the same result. NFTC President Bill Reinsch and NFTC Vice President for Regional Trade Initiatives Chuck Dittrich released the following statement.

“TAA, GSP, ATPA and MTB are central to U.S. competitiveness, export growth and job creation. We strongly urge the House and Senate to put political differences aside and work together in the time remaining in this session to extend all four,” said Reinsch. “Allowing these programs to expire would put at risk U.S. export growth and jobs both here in the United States and in many of the countries with which we trade. In addition, any lapse in the preference programs could jeopardize critical trading relationships we maintain around the globe, opening the door to our competitors. A lapse in the expanded TAA provisions would remove these important benefits from service workers and others who are committed to developing the skills needed to re-enter the global workforce. We simply cannot afford to let these programs expire at the end of the year.”

“TAA provides an economic lifeline to U.S. workers who have been adversely affected by trade, and helps them acquire new skills needed for re-entry into the workforce. The preference programs aid complementary sectors of many of our trading partners’ economies. All of the programs play a critical role in our international trade policy, and are of vital importance to the thousands they serve,” said Dittrich. “The NFTC has consistently advocated for extensions of these programs, and it is with a sense of urgency, that we ask Congress to move forward with their renewal as soon as possible before adjournment.”

About NFTC
Advancing Global Commerce for Over 95 Years – 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.
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WEF Working Group Releases White Paper on Intersection of Climate Change and Trade Policies

Posted on December 8, 2010 by dcadmin

Washington, DC – The World Economic Forum (WEF) Trade and Climate Change working group, of which National Foreign Trade Council (NFTC) President Bill Reinsch is a member, today released a discussion paper at the climate talks in Cancun on the linkages between international trade law and national and international action on climate change. The paper, titled From Collision to Vision: Climate Change and World Trade, includes recommendations for how countries can work together to develop a comprehensive climate change treaty that achieves key environmental goals, and is in line with World Trade Organization (WTO) rules. As a member of the working group, the NFTC provided input on the collaborative paper to reflect the views of its member companies. NFTC Vice President for Global Trade Issues Jake Colvin participated in today’s press conference rollout of the paper.

“As the international conversation on addressing climate change continues to evolve, it is critical for world leaders to recognize the intersection between policies to mitigate the impacts of climate change and the rules-based world trading system,” said NFTC President Bill Reinsch. “What this paper aims to point out is that reaching an international agreement on climate change that is both ambitious in terms of reducing greenhouse gas emissions and protecting the environment, while at the same time recognizing the rules-based international framework, is achievable.”

The paper includes the following recommendations:

1. As with other aspects of climate change, the ideal solution for preventing a collision between trade and climate change is the early conclusion of an effective and comprehensive global climate change treaty.

2. If there is no early conclusion of an effective and comprehensive global climate treaty on climate change, national efforts to confront climate change are likely to proliferate. These efforts must not include protectionist provisions, as resort to protectionism would lead to mutually destructive conflicts over trade.

3. In the working group’s strong view, the members of the WTO should begin immediately to negotiate agreements to resolve the issues likely to arise from the enactment of national measures on climate change rather than leave those issues to eventual resolution in WTO dispute settlement.

4. WTO rules should not be viewed solely as constraints on efforts to address climate change. WTO rules can and should be used affirmatively to help fight climate change.

5. The WTO can be a model for how the world structures the international effort to address climate change and move towards the needed conclusion of global agreement on a comprehensive climate treaty.”

To read the full discussion paper, please click here.

The NFTC is participating in a number of different events at the United Nations Climate Change Conference (COP16) in Cancun. Tomorrow Jake Colvin will moderate a discussion on “Encouraging Clean Technology: The Role of the Global Trading System in Facilitating Cross-Border Innovation, Collaboration and Technology Adoption.” Colvin was also a panelist during a discussion held yesterday on carbon-based border tax adjustments.

For more information, please contact Jennifer Cummings at jcummings@fratelli.com.

NFTC Welcomes Conclusion of KORUS FTA Negotiations

Posted on December 3, 2010 by dcadmin

Washington, DC – The National Foreign Trade Council (NFTC) today congratulated the U.S. and Korean governments for working together to resolve issues standing in the way of advancing the KORUS FTA. The NFTC released the following statement:

“The KORUS FTA has long been a policy priority of the U.S. business community, and the NFTC commends U.S. and Korean negotiators’ commitment to resolving market access issues with respect to autos,” said NFTC President Bill Reinsch. “The FTA will play a critical role in strengthening our economic partnership with Korea, as well as our decades-long strategic alliance.”

“With Korea as our 7th largest trading partner, the reduction and elimination of tariff and non-tariff trade barriers will provide greater market access for a wide range of U.S. companies, service providers and agricultural producers – helping to increase U.S. exports and economic growth,” said NFTC Vice President for Regional Trade Initiatives Chuck Dittrich. “We view today’s announcement as a positive signal that the Administration is committed to advancing the U.S. trade agenda. As we look ahead to the end of this year and next, we urge the President to move forward with submitting the implementing legislation to Congress as soon as possible. It is with the same sense of urgency that we ask the Administration to take action on the trade pacts with Colombia and Panama.”

NFTC and Other Leading U.S. Business Groups Urge Congress to Extend TAA Program

Posted on November 29, 2010 by dcadmin

Washington DC – The National Foreign Trade Council (NFTC) today joined with 17 other key business associations and companies in sending a letter to the leaders of the Senate Finance Committee and House Ways and Means Committee, urging them to support the extension of the Trade Adjustment Assistance (TAA) program before the December 31 deadline.

The groups wrote:

“As the U.S. economy struggles to recover from the global economic crisis, TAA is serving more Americans than ever before. Since the new TAA program went into effect on May 18, 2009, over 360,000 workers affected by more than 3,500 layoffs have been certified to receive TAA benefits. TAA for Firms is also seeing record usage this year with a 30% increase in small U.S. manufacturing and service firms being certified into the program over FY-2009. And the TAA for Farmers program has helped about 5,000 agricultural producers across the country improve their competitiveness.

“An effective TAA program that gives displaced workers the skills and resources they need to re-enter the job market is a central element of U.S. trade policy and key to future U.S. competitiveness. We urge you to act now to extend TAA, providing the certainty of funding that American workers, firms, farmers, ranchers and communities need to retool for success in the global economy. Failure to do so will adversely impact thousands of Americans, decreasing the number of those eligible for benefits, and making the remaining program provisions more difficult to access and administer.”

“TAA is a key part of the U.S. competitiveness strategy. It is instrumental in helping those whose jobs have been adversely affected by trade acquire new skills and new opportunities for employment,” said NFTC President Bill Reinsch. “We urge members of Congress on both sides of the aisle to put politics aside and work together to extend the program as soon as possible before the end of the year.”

To read the full text of the letter, please click here.

About the NFTC

Advancing Global Commerce for 95 Years -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.
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As Lame Duck Begins, Leading Business Groups Urge Congressional Leaders to Oppose International Tax Hikes Before Year’s End

Posted on November 15, 2010 by dcadmin

Washington, DC – In a letter to House, Senate and tax-writing committee leaders, the National Foreign Trade Council (NFTC) and 18 other key business groups urged Congress to oppose any efforts to increase the tax burden on U.S. companies before the end of the year. The associations wrote:

“During this time of widespread economic uncertainty, proposals to increase taxes on U.S. companies – including small businesses, domestic companies, worldwide American companies and U.S. subsidiaries of companies headquartered abroad – could have significant negative repercussions for the struggling American economy. Given the urgent need for new private sector jobs, adding to the tax burden would only undermine vital economic recovery efforts now underway throughout the country….

“…[W]e ask you to put job creation at the very top of your legislative priorities and oppose any proposals that would make it more difficult for U.S. businesses to maintain their current payrolls or expand to help put more Americans back to work.”

“Our economic recovery is inching along, and imposing tax burdens on any companies now would be counterproductive and only prolong the economic difficulties facing the country,” said NFTC Vice President for Tax Policy Cathy Schultz. “Congress and the Administration should instead focus their attention on developing policies that stimulate U.S. competitiveness and job creation.”

In addition to the NFTC, the following associations signed the letter: Alliance of Automobile Manufacturers; American Chemistry Council; American Gas Association; American Petroleum Institute; American Staffing Association; Association of Equipment Manufacturers; Association of International Automobile Manufacturers; AMT-The Association for Manufacturing Technology; Business Roundtable; Emergency Committee for American Trade (ECAT); European-American Business Council; Financial Executives International Committee on Taxation; National Association of Manufacturers; Organization for International Investment; PhRMA; U.S. Chamber of Commerce; U.S. Council for International Business; and Tech America.

To read the full text of the letter, please click here.

About NFTC

Advancing Global Commerce for Over 95 Years – 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: