Ambassador Sapiro Hosts the Manufacturing Action Council
This morning, Deputy United States Trade Representative Miriam Sapiro met with 15 members of the Manufacturing Action Council (MAC). Ambassador Sapiro discussed the critical role that manufacturing plays in the American economy and in the President’s National Export Initiative (NEI). This was the inaugural meeting of the MAC, a new trade coalition which focuses on increasing American manufacturing exports.
Ambassador Sapiro updated the group on USTR’s work to open markets around the world through the Doha Development Agenda, the Trans-Pacific Partnership and the U.S.-Korea trade agreement. She also answered questions on a variety of trade issues.
Ambassador Sapiro highlighted the recent news that U.S. exports of goods and services were up 17 percent in 2010 (based on January-November data). This is above the 15 percent growth threshold necessary to double exports by the end of 2014 as part of the NEI. Shipments of manufactured durable goods in December increased $2.8 billion or 1.4 percent over the previous month, and have been on the rise for three of the last four months. In 2010, every billion dollars of goods exports supported more than an estimated 6,000 jobs.
Ambassador Sapiro meets with the Manufacturing Action Council