[Ctcfield] New NAM study shows CAFTA-DR will expand exports for U.S. manufacturers
Laura Tashjian
ltashjian@citizenstrade.org
Wed Apr 13 19:01:26 PDT 2005
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<http://www.nam.org/s_nam/index.asp>
____________________________________________________________________________
______________________
05-79
CONTACTS:
HANK COX (202) 637-3090
FOR IMMEDIATE RELEASE
CHRISTOPHER WENK (202) 637-3078
NEW NAM STUDY SHOWS CAFTA-DR
WILL EXPAND EXPORTS FOR U.S. MANUFACTURERS
Study Says Pact is "Unambiguously a Winner"
WASHINGTON, D.C., April 7, 2005 - The U.S.-Central American and
Dominican Republic Free Trade Agreement (CAFTA-DR) is "unambiguously a
winner" for U.S. manufacturing, according to a new analysis by the National
Association of Manufacturers (NAM).
The study says the agreement will level the playing field for
U.S. exporters by providing the same open access to CAFTA-DR markets that
these countries already have to the U.S. market. "This study reiterates
why this agreement should be a no-brainer," said John Engler, president of
the NAM. "CAFTA-DR will level the playing field for U.S. manufacturers,
generate $1 billion of new U.S. manufacturing exports, save billions of
dollars in existing exports, promote democracy and political stability and
improve the labor and environmental conditions in the region.
"People who claim that CAFTA-DR will have a detrimental impact
on the U.S. economy are seriously mistaken," Engler said. "Together these
seven countries have an economy the size of Sacramento, California. To say
they pose a major threat to us is ludicrous."
"On the other hand, they offer a major opportunity for U.S. exporters,"
Engler continued. "The NAM analysis concludes that CAFTA-DR will provide
U.S. manufacturers $1 billion of additional manufactured goods exports,
creating some 12,000 related job opportunities for American workers in the
process. But without the agreement, the U.S. stands to lose up to $4 billion
in existing exports to CAFTA countries, affecting up to 48,000 U.S. jobs."
Engler said failure to approve CAFTA-DR would effectively shift business
from Central America to Asia. "If these countries were to lose their apparel
industry to Asia, particularly China, more than half a million people in the
region would be put out of work," Engler said. "Can you imagine the effect
this would have on political stability in the region and the pressure it
would create to migrate to the United States? CAFTA-DR needs to be passed at
the earliest possible opportunity!"
The NAM analysis can be found on the NAM's website at
<http://www.nam.org/caftadrstudy> www.nam.org/caftadrstudy.
--NAM-
The National Association of Manufacturers is the nation's largest industrial
trade association, representing small and large manufacturers in every
industrial sector and in all 50 states. Headquartered in Washington, D.C.,
the NAM has 10 additional offices across the country. Visit the NAM's
award-winning web site at <http://www.nam.org/> www.nam.org for more
information about manufacturing and the economy.
1331 Pennsylvania Avenue, NW . Suite 600 . Washington, DC 20004-1790 .
<http://www.nam.org/> www.nam.org
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<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT face=3D"Times =
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color=3D#000000>_________________________________________________________=
_________________________________________</FONT></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p><FONT face=3D"Times New Roman"=20
color=3D#000000> </FONT></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-SIZE: 12pt"><FONT face=3D"Times New Roman"><FONT=20
color=3D#000000>05-79<SPAN style=3D"mso-tab-count: =
1"> </SPAN><SPAN=20
style=3D"mso-tab-count: =
6"> &nbs=
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<SPAN=20
class=3D898305919-13042005><FONT face=3DArial=20
size=3D2> &nbs=
p;  =
; =
</FONT></SPAN></SPAN><SPAN=20
style=3D"mso-tab-count: 1"> =20
</SPAN>CONTACTS:<o:p></o:p></FONT></FONT></SPAN></P>
<H6><FONT size=3D3><FONT face=3D"Times New Roman"><SPAN=20
style=3D"mso-tab-count: =
1"> =20
</SPAN><SPAN=20
style=3D"mso-tab-count: =
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</SPAN><SPAN=20
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</SPAN>HANK COX (202) 637-3090</FONT></FONT></H6>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT =
color=3D#000000><FONT=20
face=3D"Times New Roman"><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-size: 10.0pt">FOR IMMEDIATE =
RELEASE<SPAN=20
style=3D"mso-tab-count: =
2"> &nbs=
p; =20
</SPAN><SPAN=20
style=3D"mso-tab-count: =
1"> =20
</SPAN><SPAN=20
style=3D"mso-tab-count: =
1"> =20
</SPAN>CHRISTOPHER WENK </SPAN><SPAN style=3D"FONT-SIZE: 12pt">(202)=20
637-3078</SPAN><SPAN style=3D"FONT-SIZE: 12pt; mso-bidi-font-size: =
10.0pt"> <SPAN=20
style=3D"mso-spacerun: =
yes"> </SPAN><o:p></o:p></SPAN></FONT></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-SIZE: 12pt; mso-bidi-font-size: 10.0pt"><o:p><FONT=20
face=3D"Times New Roman" color=3D#000000> </FONT></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"=20
align=3Dcenter><B style=3D"mso-bidi-font-weight: normal"><SPAN=20
style=3D"FONT-SIZE: 14pt"><FONT color=3D#000000><FONT face=3D"Times New =
Roman">NEW NAM=20
STUDY SHOWS CAFTA-DR<o:p></o:p></FONT></FONT></SPAN></B></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"=20
align=3Dcenter><B style=3D"mso-bidi-font-weight: normal"><SPAN=20
style=3D"FONT-SIZE: 14pt"><FONT color=3D#000000><FONT face=3D"Times New =
Roman">WILL=20
EXPAND EXPORTS FOR U.S. =
MANUFACTURERS<o:p></o:p></FONT></FONT></SPAN></B></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"=20
align=3Dcenter><B style=3D"mso-bidi-font-weight: normal"><SPAN=20
style=3D"FONT-SIZE: 14pt"><o:p><FONT face=3D"Times New Roman"=20
color=3D#000000> </FONT></o:p></SPAN></B></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"=20
align=3Dcenter><B style=3D"mso-bidi-font-weight: normal"><I=20
style=3D"mso-bidi-font-style: normal"><SPAN style=3D"FONT-SIZE: =
12pt"><FONT=20
color=3D#000000><FONT face=3D"Times New Roman">Study Says Pact is =
“Unambiguously a=20
Winner”<o:p></o:p></FONT></FONT></SPAN></I></B></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-INDENT: =
0.5in"><SPAN=20
style=3D"FONT-SIZE: 16pt"><FONT color=3D#000000><FONT face=3D"Times New =
Roman"><SPAN=20
style=3D"mso-spacerun: yes"> =20
</SPAN><o:p></o:p></FONT></FONT></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-SIZE: 12pt"><FONT color=3D#000000><FONT face=3D"Times New =
Roman"><SPAN=20
style=3D"mso-tab-count: =
1"> =20
</SPAN>WASHINGTON, D.C., April 7, 2005 – The U.S.-Central American =
and Dominican=20
Republic Free Trade Agreement (CAFTA-DR) is “unambiguously a =
winner” for U.S.=20
manufacturing, according to a new analysis by the National Association =
of=20
Manufacturers (NAM). <o:p></o:p></FONT></FONT></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p><FONT face=3D"Times New Roman"=20
color=3D#000000> </FONT></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT =
color=3D#000000><SPAN=20
style=3D"FONT-SIZE: 12pt"><FONT face=3D"Times New Roman"><SPAN=20
style=3D"mso-tab-count: =
1"> =20
</SPAN>The study says the agreement will level the playing field for =
U.S.=20
exporters by providing the same open access to CAFTA-DR markets that =
these=20
countries already have to the U.S. market.</FONT></SPAN><SPAN=20
style=3D"FONT-FAMILY: Arial"><SPAN style=3D"mso-spacerun: yes"> =20
</SPAN></SPAN><SPAN style=3D"FONT-SIZE: 12pt"><FONT face=3D"Times New =
Roman"><SPAN=20
style=3D"mso-spacerun: yes"> </SPAN>“This study reiterates =
why this agreement=20
should be a no-brainer,” said John Engler, president of the NAM. =
“CAFTA-DR will=20
level the playing field for U.S. manufacturers, generate $1 billion of =
new U.S.=20
manufacturing exports, save billions of dollars in existing exports, =
promote=20
democracy and political stability and improve the labor and =
environmental=20
conditions in the region.<SPAN style=3D"mso-spacerun: yes"> =20
</SPAN><o:p></o:p></FONT></SPAN></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p><FONT face=3D"Times New Roman"=20
color=3D#000000> </FONT></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT =
color=3D#000000><FONT=20
face=3D"Times New Roman"><SPAN style=3D"FONT-SIZE: 12pt"><SPAN=20
style=3D"mso-tab-count: =
1"> =20
</SPAN>“People who claim that CAFTA-DR will have a detrimental =
impact on the=20
U.S. economy are seriously mistaken,” Engler said. “Together =
these seven=20
countries have an economy the size of Sacramento, California. To say =
they pose a=20
major threat to us is ludicrous.” </SPAN><SPAN=20
style=3D"FONT-FAMILY: Arial"><o:p></o:p></SPAN></FONT></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-SIZE: 16pt"><o:p><FONT face=3D"Times New Roman"=20
color=3D#000000> </FONT></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-INDENT: =
0.5in"><SPAN=20
style=3D"FONT-SIZE: 12pt"><FONT color=3D#000000><FONT face=3D"Times New =
Roman">“On the=20
other hand, they offer a major opportunity for U.S. exporters,” =
Engler=20
continued. “The NAM analysis concludes that CAFTA-DR will provide =
U.S.=20
manufacturers $1 billion of additional manufactured goods exports, =
creating some=20
12,000 related job opportunities for American workers in the process. =
But=20
without the agreement, the U.S. stands to lose up to $4 billion in =
existing=20
exports to CAFTA countries, affecting up to 48,000 U.S. jobs.”=20
<o:p></o:p></FONT></FONT></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-INDENT: =
0.5in"><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p><FONT face=3D"Times New Roman"=20
color=3D#000000> </FONT></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-INDENT: =
0.5in"><SPAN=20
style=3D"FONT-SIZE: 12pt"><FONT color=3D#000000><FONT face=3D"Times New =
Roman">Engler=20
said failure to approve CAFTA-DR would effectively shift business from =
Central=20
America to Asia. “If these countries were to lose their apparel =
industry to=20
Asia, particularly China, more than half a million people in the region =
would be=20
put out of work,” Engler said. “Can you imagine the effect =
this would have on=20
political stability in the region and the pressure it would create to =
migrate to=20
the United States? CAFTA-DR needs to be passed at the earliest possible=20
opportunity!”<o:p></o:p></FONT></FONT></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p><FONT face=3D"Times New Roman"=20
color=3D#000000> </FONT></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><SPAN=20
style=3D"FONT-SIZE: 12pt"><FONT color=3D#000000><FONT face=3D"Times New =
Roman"><SPAN=20
style=3D"mso-tab-count: =
1"> =20
</SPAN>The NAM analysis can be found on the NAM’s website at =
</FONT></FONT><A=20
href=3D"http://www.nam.org/caftadrstudy"><FONT=20
face=3D"Times New Roman">www.nam.org/caftadrstudy</FONT></A><FONT=20
color=3D#000000><FONT face=3D"Times New =
Roman">.<o:p></o:p></FONT></FONT></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-INDENT: =
0.5in"><SPAN=20
style=3D"FONT-SIZE: 12pt"><o:p><FONT face=3D"Times New Roman"=20
color=3D#000000> </FONT></o:p></SPAN></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"=20
align=3Dcenter><FONT color=3D#000000><FONT face=3D"Times New Roman"><B=20
style=3D"mso-bidi-font-weight: normal"><SPAN=20
style=3D"FONT-SIZE: 12pt">--</SPAN></B><st1:country-region><st1:place><B =
style=3D"mso-bidi-font-weight: normal"><SPAN=20
style=3D"FONT-SIZE: =
12pt">NAM</SPAN></B></st1:place></st1:country-region><B=20
style=3D"mso-bidi-font-weight: normal"><SPAN=20
style=3D"FONT-SIZE: =
12pt">—<o:p></o:p></SPAN></B></FONT></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-INDENT: =
0.5in"><I><FONT=20
face=3D"Times New Roman" color=3D#000000>The National Association of =
Manufacturers=20
is the nation’s largest industrial trade association, representing =
small and=20
large manufacturers in every industrial sector and in all 50 states.=20
Headquartered in Washington, D.C., the NAM has 10 additional =
offices=20
across the country. Visit the NAM’s award-winning web site =
at </FONT><A=20
href=3D"http://www.nam.org/"><FONT=20
face=3D"Times New Roman">www.nam.org</FONT></A><FONT face=3D"Times New =
Roman"=20
color=3D#000000> for more information about manufacturing and the =
economy. =20
</FONT></I><o:p></o:p></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><FONT =
color=3D#000000><FONT=20
face=3D"Times New Roman"> <o:p></o:p></FONT></FONT></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt"><B><I=20
style=3D"mso-bidi-font-style: normal"><o:p><FONT face=3D"Times New =
Roman"=20
color=3D#000000> </FONT></o:p></I></B></P>
<P class=3DMsoNormal style=3D"MARGIN: 0in 0in 0pt; TEXT-ALIGN: center"=20
align=3Dcenter><FONT color=3D#000000><FONT=20
face=3D"Times New Roman"><st1:Street><st1:address>1331 Pennsylvania =
Avenue,=20
NW</st1:address></st1:Street> • =
<st1:address><st1:Street>Suite</st1:Street>=20
600</st1:address> • <st1:place><st1:City>Washington</st1:City>,=20
<st1:State>DC</st1:State>=20
<st1:PostalCode>20004-1790</st1:PostalCode></st1:place> • =
</FONT></FONT><A=20
href=3D"http://www.nam.org/"><FONT=20
face=3D"Times New Roman">www.nam.org</FONT></A></P>
<P> </P></BODY></HTML>
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