- Final ratification of the US-Mexico-Canada Trade Agreement (USMCA)
- Final negotiation of a high standard Transatlantic Trade and Investment Partnership agreement.
- Ensuring that future agreements contain strong intellectual property provisions and omit protectionist measures such as trade agreement carve outs.
International trade creates and supports millions of American jobs that offer higher than average wages and drive economic growth. As a testament to the strength of American entrepreneurship, the vast majority of U.S. exporters are not large corporations but small to medium-sized enterprises. Those that doubt the power of global free markets need only observe America’s trading partners who are accelerating the negotiation of trade frameworks underscoring that if the United States does not proactively participate in the global marketplace we risk being left behind.
The states are the clear economic winners and stakeholders in international commerce. From Alaska’s marine products to Iowa’s grains and oilseeds to Florida’s aerospace products and parts, the states are in the business of exports! And while the link between exports and growth is obvious, American families also benefit from imports that make the products they buy every day more affordable as well as from job-creating foreign direct investment (FDI). Many of the overseas companies employing American workers provide unparalleled training opportunities for the manufacturing jobs of the future.
One of the surest ways to expand U.S. market access is through the negotiation of free trade agreements (FTAs) as FTA partners buy more American goods per capita than non-FTA partners. Tariffs and other impediments to seamless commerce act as discriminatory taxes which limit and restrict companies that export to other nations. A carefully drafted FTA whether bilateral or multilateral eliminates tariffs and other non-tariff barriers to trade among FTA partners resulting in a mutually beneficial economic relationship.
One of the most consequential agreements is the not yet ratified United States-Mexico-Canada Agreement (USMCA) which has high standard intellectual property (IP) provisions and brings NAFTA into the 21st century. ALEC model policy supporting speedy congressional approval of USMCA can be found here.
Free markets are a job creation engine that spurs economic growth, but there is also a strategic aspect to U.S. trade policy. Trade frameworks often serve as non-military strategic footprints in significant regions around the globe. One of the great examples of American exceptionalism was our creation in the years following World War II of the structures that still govern international trade. To this day, these institutions help to promote free markets and protect innovation and nations around the world welcome U.S. economic partnership. Unilaterally forfeiting America’s role in the global trade sphere would exact unacceptable economic and strategic costs. There is no guarantee that the nation or nations that fill the leadership vacuum we leave will promote free markets as strongly as the United States.
Draft Reaffirmation of the US Commitment to Taiwan on the 40th Anniversary of the Taiwan Relations Act Final
Draft Reaffirmation of the US Commitment to Taiwan on the 40th Anniversary of the Taiwan Relations Act Section 1. Preamble: WHEREAS, the Taiwan Relations ACT (“TRA”) was signed into law on April 10, 1979, codifying the historically close relations with Taiwan that had existed prior to January 1st, …
Resolution Supporting Congressional Approval of the United States-Mexico-Canada Agreement (USMCA) Final
Whereas, the imposition of artificial barriers to free and open trade are harmful to American economic interests; and Whereas, together, the United States, Canada and Mexico promote a shared belief in freedom, representative democracy and market principles as recognized in the U.S. Constitution; and Whereas, a longstanding, close tri-lateral relationship, codified in the …
Resolution Supporting the Intellectual Property (IP) Provisions in the United States-Mexico-Canada Agreement (USMCA) Final
Whereas, the American Legislative Exchange Council (ALEC) policy on free trade acknowledges that, “the imposition of artificial barriers to free and open trade…are deterrents to American economic interests;” and Whereas, the United States, Canada and Mexico share a belief in freedom, representative democracy and market principles as recognized in the …
Model Policy WHEREAS, the year 2017 marked 100 years since the Bolshevik Revolution in Russia resulting in the world’s first communist regime under Vladimir Lenin, which led to decades of oppression and violence under communist regimes throughout the world; and WHEREAS, based on the philosophy of Karl Marx, communism has …
Model Policy Whereas, a longstanding, close bilateral relationship, codified in the Taiwan Relations Act, has existed between the United States and Taiwan and has proven economically, culturally and strategically important to both; and Whereas, Taiwan is a robust democracy, significant American trading partner and U.S. ally; and Whereas, together, Taiwan and the United …
Draft Resolution Urging the Presidential Administration and Congress to Support Continued U.S. Participation in the U.S.-Korea Free Trade Agreement (KORUS FTA) Final
WHEREAS, the American Legislative Exchange Council (ALEC) policy on free trade acknowledges that “the imposition of artificial barriers to free and open trade…are deterrents to American economic interests;” and WHEREAS, KORUS FTA was entered into force on March 15, 2012; and WHEREAS, KORUS FTA has been the largest U.S. FTA …
FOR IMMEDIATE RELEASE Contact: Alyssa Hackbarth [email protected] 856-649-8102 ARLINGTON, VA (October 12, 2017) – In light of the ongoing negotiations of the North American Free Trade Agreement (NAFTA), ALEC …
In response to a petition Whirlpool filed in May under Section 201 of the Trade Act of 1974, the U.S. International Trade Commission (ITC) determined that the manufacturer of large …