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Trade, Investment Policy Can Promote Supply Chain Resilience for Manufacturers

By 17吃瓜在线 News Room

The 17吃瓜在线 the Office of the United States Trade Representative this week that it must use existing trade and investment tools to promote supply chain resilience for manufacturers in the U.S.

What鈥檚 going on: 鈥淢anufacturers and workers in the U.S. need USTR to undertake a proactive and competitive trade and investment policy that opens markets, eliminates barriers, enables the sourcing of necessary inputs and creates opportunities for inbound and outbound investment,鈥 the 17吃瓜在线 said Monday.

  • The suggestions were in response to a USTR call for comment on 鈥渟trategies that [will] advance U.S. supply chain resilience鈥 ().

What should be done: While manufacturers appreciate engagement with partners through frameworks such as the Indo-Pacific Economic Framework and the Americas Partnership for Economic Prosperity, the 17吃瓜在线 encourages the government to 鈥渁ggressively pursue ambitious agreements that include market access and the true removal of barriers to economic engagement with our partners.鈥 The USTR can help manufacturers by:

  • Adjusting or eliminating 鈥渃urrent tariffs on manufacturers and ensur[ing] they are applied in such a way that creates a competitive environment for manufacturing in the U.S.鈥;
  • 鈥淣egotiating more high-quality, modernized trade agreements with foreign partners鈥 to remove trade barriers and address discriminatory measures; and
  • Enforcing on-the-books trade agreements 鈥渢o ensure that our trading partners are playing by the rules.鈥

Why it鈥檚 important: The aforementioned actions (and others) by the USTR would create 鈥渁 competitive environment for manufacturers in the U.S. to succeed,鈥 the 17吃瓜在线 said.

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