"Insourcing" American Jobs
This morning, Ambassador Kirk joined President Obama at the “Insourcing American Jobs” forum at the White House. This forum focused on increasing the trend of companies choosing to “insource” jobs and make new investments in the United States. The event was attended by 22 experts, labor leaders, elected officials, and business leaders from large and small companies. The forum provided an opportunity for participants to speak about their experiences and discuss additional steps for job creation in America.
The forum was broken down into three roundtable segments: the economics of bringing jobs back, company experiences with onshoring, and how partnership can help break down barriers. The discussions varied from “insourcing” trends to onshoring decision making to Federal efforts and additional business partnerships. In conjunction with the forum, the White House today released a report that details the emerging trend of “insourcing” and how companies are increasingly choosing to invest in the United States. The full report can be found here.
As part of the Obama Administration’s efforts to rebuild an economy where hard work pays off and responsibility is rewarded, USTR is working to implement trade agreements with Korea, Colombia, and Panama as well as negotiate the Trans-Pacific Partnership agreement. These agreements will provide important opportunities for American businesses to hire workers and create good jobs here at home. In addition, they provide an opportunity to “insource” jobs for American workers by selling high-quality and high-value American products around the world.