American Manufacturing - Free Trade and American Jobs
Within the business journals I read most days (chiefly, Industrial News and the U.S. Chamber of Commerce), all in the business community seem to agree that the recent Free Trade Agreements with South Korea, Columbia, and Panama will be a boon for the United States’ economy. This enthusiasm is easily recognized when industry-leading businesses seem genuinely excited about this news. Here are some past quotes from prominent U.S. industry CEOs:
“This enhances our ability to sell more mining trucks, large motor graders and scrapers made in Decatur and track-type tractors made in East Peoria,” said Caterpillar Chairman and CEO Doug Oberhelman in a prepared release adding: “These agreements will make Caterpillar products more competitive in Colombia, Panama and South Korea, which we believe will lead to more exports to those countries while supporting American jobs.” Caterpillar is an advocate of free trade agreements and can point to business gains from previous trade pacts in Mexico, Chile and Peru.
The heads of many large American companies voiced their support of the new Free Trade agreements:
“This agreement will help create new economic opportunities for US businesses, small and large, and jobs for Americans as well as promoting broader American economic and strategic engagement in Asia,” stated Jeff Immelt, Chairman and CEO of GE.
“These new provisions provide Ford greater confidence that we will be able to better serve our Korean customers,” said Alan Mulally, CEO of Ford Motor Company.
“American workers, farmers and businesses all benefit when we remove barriers that prevent them from selling their products abroad,” Jim McNerney, Chairman, President and CEO of The Boeing Company and Chairman of Business Roundtable’s International Engagement Initiative.
“This is a major milestone in helping the United States regain sustainable economic strength,” said Dr. Stephanie A. Burns, Chairman and CEO of Dow Corning.
This appears to be good news. Our business, Liberty Packaging, like many small companies in the U.S., depends on large companies manufacturing in the U.S. to succeed domestically and globally. Parts, equipment, tools, electronics, and machines are products that have been and are protected with our heavy duty barrier films. Liberty works to do its part in helping American manufacturers compete globally by increasing the reliability of their shipments, hence the quality and reliability of their products. And we continue to root for their success.