CITAC:  USITC REPORT ON EXPORTS UNDERSCORES NEED

TO AVOID UNNECESSARY TRADE RESTRICTIONS

 

Washington, DC - On the heels of a U.S. International Trade Commission (USITC) report released today that showed exports from small and medium sized businesses support four million U.S. jobs, the Consuming Industries Trade Action Coalition (CITAC) today urged Members of Congress to keep these companies competitive by avoiding legislation that could lead to unnecessary and damaging restrictions on trade.

"Today's USITC report highlights the significant role that small and medium-sized businesses and exports play in sustaining our economy," said CITAC Executive Director Paul Nathanson.  "The report underscores the importance of the United States refraining from imposing unnecessary trade restrictions.  Members of Congress should take note that many of these businesses must have access to globally competitively priced resources and products to compete with their overseas competitors.  Also, unnecessary or unfair trade restrictions will lead other countries to impose their own trade restrictions, choking the increase in exports desired by the Obama Administration.

"The lesson is clear," said Nathanson.  "Small and medium sized businesses can help lead the recovery of manufacturing jobs, but only if they have access to competitively priced resources and their exports are not subject to retaliation due to unnecessary trade restrictions."

A copy of the USITC report can be found at http://www.usitc.gov/publications/332/pub4189.pdf

 

The Consuming Industries Trade Action Coalition (CITAC) is a Washington, DC-based trade organization with one primary objective: to ensure that consuming industries and manufacturers in the United States have access to reliable supplies of globally-priced materials necessary for those industries to produce their products.   For additional information, visit www.citac.info or contact Caitlin Andrews at (202) 828-7637 or caitlin.andrews@bgllp.com.