Washington D.C. – National Foreign Trade Council (NFTC) President Rufus Yerxa issued the following statement in response to President Trump’s address to a joint session of Congress.
“Last night the President focused on the importance of growing the American economy and creating jobs across our country. “We welcome the President’s remarks on the importance of reforming our tax code so that American companies can compete on a level playing field across the world. Reforming the tax code, and lowering corporate tax rates, will incentivize companies to grow their businesses and invest in the United States, therefore creating higher wages and living standards for people across the country.
“We also applaud the President’s focus on rebuilding our country’s infrastructure. Investing in our ports, roads, bridges, airports, railways and other essential infrastructure projects will create jobs and will go a long way in ensuring competitiveness for U.S.-based companies who export products across the world.
“A competitive tax code and improved infrastructure will not help our companies compete abroad unless the United States continues to participate in the global trading system. Most sectors in our economy have benefited from increased trade. Since 95% of consumers live outside of our borders, continuing to open new world markets and giving our companies access to those consumers is crucial to our economic success. We also believe that the new Administration must focus on strengthening and expanding existing trade agreements and ensuring U.S. leadership in an open and rules-based global economy through multilateral institutions such as the World Trade Organization (WTO).
“In 2017, the National Foreign Trade Council looks forward to working with Congress and the Administration to implement forward-looking policies that improve the competitiveness of our businesses and the lives of our people.”
About the NFTC
Serving America’s Global Businesses Since 1914– 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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