Washington D.C. – The National Foreign Trade Council (NFTC) yesterday submitted comments to the U.S. Department of Commerce and the Office of the United States Trade Representative (USTR) to aid in a comprehensive performance review of U.S. trade relations in response to an Executive Order issued by President Donald Trump in April of this year.
NFTC President Rufus Yerxa said: “Our submission seeks to explain why the U.S. has been such a major beneficiary from bilateral, regional and multilateral trade agreements and the expansion of world trade that has followed the negotiation of those agreements over the past 70 years.
“We also urge the Administration to take careful note of the many analyses and reports that have been done by the ITC and other government agencies over the years.
“Lastly, we emphasize how important it is for the Administration not to approach negotiations haphazardly, but to work closely with U.S. exporters, producers, agricultural interest groups and services companies to understand fully what we need to achieve in these negotiations and what we have to lose if they are not done properly.”
To read NFTC’s comments, click here.
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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