Washington, DC – The National Foreign Trade Council (NFTC) and 22 other leading business associations today sent a letter to House and Senate leaders, calling on them to oppose the “Buy American” provisions in the American Jobs Act.
The associations wrote:
“…The massive expansion of Buy American requirements proposed in the American Jobs Act is, however, out of step with a balanced U.S. procurement policy and will undermine the United States’ ability to grow our exports and our jobs through accessing foreign markets… There are numerous examples of these damaging ‘backfires’ on U.S. exporters and their workers. The inclusion of the same Buy American provisions in the American Recovery and Reinvestment Act (ARRA) in 2009 led countries in Europe, Asia, Latin America and elsewhere to impose additional restrictions on the purchase of U.S. goods and services.
“…At this critical juncture, the United States must lead the world out of protectionism, not into it. The proposed expansions of already robust Buy American laws send the wrong message at the worst possible time to our trading partners around the world and to markets nervous about rising trade barriers.”
To read the full text of the letter, click here.
About the NFTC
Advancing Global Commerce for Nearly A Century- 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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