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The latest World Trade Organization (WTO) Doha Development Round ministerial level talks collapsed on July 29 after more than a week of intense negotiations. While countries reportedly reached agreement on 17 of the 20 negotiating points, the refusal of India and China to lower trade barriers on agricultural products without an easily triggered safeguard derailed the Round. A safeguard is a mechanism that allows a country to increase tariffs or establish quotas in response to surging imports that have caused damage in its market.
Specifically, the dispute was over the threshold for when developing nations could trigger agricultural safeguard tariffs and how high those tariffs could be. India and China wanted the ability to use the safeguard at a mere 10 percent increase in imports, while the United States wanted developing countries to accept at least a 40 percent import trigger. Neither side was willing to move on this issue, and the talks collapsed.
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The American Manufacturing Trade Action Coalition’s (AMTAC) mission is to preserve and create American manufacturing jobs through the establishment of trade policy and other measures necessary for the U.S. manufacturing sector to stabilize and grow.
Our 2010 Agenda Includes:
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Border Adjusted Taxation /
Value-Added Tax (VAT) |
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Currency Manipulation / Misalignment |
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Strengthening Berry Amendment / Buy American Laws |
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U.S. Korea Free Trade Agreement (KORUS) |
| 5. |
WTO Doha Round |
| 6. |
Duty Free Access for LDCs |
| 7. |
Trans-Pacific Partnership |
| 8. |
Trade Promotion Authority |
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Thank you for the opportunity to testify at this important hearing on the Trans-Pacific Partnership (TPP) free trade agreement. AMTAC is a trade association founded by domestic manufacturers who are committed to manufacturing here in the United States. Our objective is to seek the establishment of trade policy and other measures designed to stabilize the U.S. industrial base and thus preserve and create American manufacturing jobs.
AMTAC represents a significant component the U.S. textile industry, including the yarn, fabric, dyeing and finishing, and apparel sectors. We also represent companies from the tool and die, chemical, furniture, mold making, metal products, packaging products and corrugated container industries.
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The truth is that American families are in hock to foreign countries like China to the tune of $2.5 trillion. That’s $21,875 for every household, enough to pay the tuition for your child’s four-year college education.
How did we get to this point? It's blind faith in ‘Free Trade’ policies that ship our manufacturing jobs overseas and expose our markets to unfair competition -- policies that forget the primary goal of U.S. trade policy should be to ensure the prosperity of each and every American’s future.
So what is our future under ‘Free Trade’? The chart above illustrating America's exploding trade deficit with all of our Free Trade Agreement Partners. It tells you all you need to know. The red ink will continue to get worse until America stands up for itself.
Think about that the next time a politician tells you about how wonderful free trade is.
AMTAC tracks U.S. trade and employment data and other leading economic indicators. You can find everything from the U.S. trade deficit with China to employment gain or loss by industrial sector.
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U.S. Textile Industry Applauds Introduction of the Textile Enforcement and Security Act of 2010
May 25, 2010
WASHINGTON, DC – The Textile Enforcement and Security Act of 2010 (TESA), the first ever textile specific customs enforcement legislation, was introduced...
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