Of the 41 million American jobs supported by trade – exports and imports of goods and services – more than 15 million depend on U.S. trade with the other 11 TPP countries. We welcome the signing of the Trans-Pacific Partnership agreement, which presents a tremendous opportunity for American workers, farmers and businesses – and for the entire U.S. economy,” said Doug Oberhelman, Chairman and CEO of Caterpillar Inc.
Small Businesses Win With LNG Exports Provision
The U.S. is the largest petroleum and natural gas producer in the world, and we continue to discover more energy resources due to technological advancements and innovation. And with natural gas reserves up to record levels, it follows that our producers should turn to the international marketplace, as with any other commodity. Export opportunities will result in expanded U.S. production, and in turn, small business growth.
Trade in the balance
Trade is beneficial in all sorts of ways. It provides consumers with goods they could not otherwise enjoy: without it only Scots would sip lovely Islay single malts. It boosts variety: Americans can shop for Volvos and Subarus in addition to Fords. Yet its biggest boon, economists since Adam Smith have argued, is that it makes countries richer. Trade creates larger markets, which allows for greater specialisation, lower costs and higher incomes.
Trade ministers sign pact focused on Asia-Pacific region
President Barack Obama is applauding the signing of an ambitious free trade agreement among 12 countries that he says would support jobs in the United States. The signing of the Trans-Pacific Partnership agreement by trade ministers is an early procedural step in what could be a lengthy ratification process.The clock on consideration by Congress does not begin until Obama formally submits legislation for lawmakers' consideration. The two sides are still talking about the best time for him to do that.
SBA Announces Cooperative Agreements Available for State Trade and Export Promotion
The U.S. Small Business Administration announced today that states will be able to immediately apply for SBA cooperative agreement awards that support efforts to increase exporting by small businesses. Small businesses are increasingly engaging in the ever evolving global market place. Through our STEP awards, states can transform more small businesses to become exporters and expand their export sales. In the process, these small businesses will create jobs and strengthen their communities.