Steve Braig, Trexel’s President & CEO was recently invited to and participated in the White House Briefing on Trade and Exports held on February 20th, 2014. Mr. Braig currently serves at the U.S. Manufacturing Council at the Department of Commerce, where he co-chairs the Tax and Trade & Export Growth subcommittee and has participated in" />
Steve Braig, Trexel’s President & CEO was recently invited to and participated in the White House Briefing on Trade and Exports held on February 20th, 2014. Mr. Braig currently serves at the U.S. Manufacturing Council at the Department of Commerce, where he co-chairs the Tax and Trade & Export Growth subcommittee and has participated in past White House Business Council Meetings. Trexel is a major exporter, with 68% of 2013 revenues generated overseas, mainly from Germany, China and Japan.
During this four hour meeting Ambassador Michael Froman, United States Trade Representative presented an overview of President Obama’s trade agenda. This was followed by discussion led by Ed Gresser, Scholar in Residents, United States Trade Representative and Luis Jimenez, Counselor to the Ambassador, United States Trade Representative. Presentations were also made by Brandon Belford, Senior Policy Advisor, National Economic Council on Immigration Reform and Economic Expansion and by Bryan Erwin, Director International Trade Advocacy Center, US Dept of Commerce on Growing Exports in your Own Business. Sam Brown, Director of the White House Business Council, did the closing remarks.
During this briefing it was clear the Administration recognizes importance of health of U.S. Export Industry to boost U.S. Economy and job creation.
- For every billion in exported value, about 4 to 5,000 direct and indirect U.S. jobs are created.
- The top 3 export markets for the United States are Mexico, Canada and China.
- The current U.S. exports account for 13.5% of GDP, which lags that of major global economies like Germany, Japan, China.
In 2012, the U.S. Plastics Industry exported goods of $58.5 billion, with an industry trade surplus of $14.9 billion.
“There was much discussion in the meeting about current trade negotiations with the Trans Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP),” noted Mr. Braig. “Administration officials stressed the need for passing the Trade Promotion Agreement (TPA) by Congress. TPA provides the Administration with negotiation authority, limiting the role of Congress to only approving or rejecting a trade agreement, without amendments or modifications.”
“I stressed that while these new Trade Agreements and partnerships are welcomed by U.S. Industry, equal emphasis must be placed on enforcing existing trade agreements. For example, some countries, like China, do not always adhere to intellectual property rights as stipulated in bi-lateral agreements or by the WTO. U.S. manufacturers need better enforcement of predatory pricing practices, by having State Owned Enterprises selling subsidized products globally. I also addressed concerns about state subsidization from Europe in the aerospace/defense sector,” Mr. Braig added.
About Trexel, Inc.
Trexel, Inc., headquartered in Wilmington, MA has led the development of the MuCell® Microcellular foaming technology and has pioneered many plastic processing solutions. Process deployment as well as equipment is supported by teams of highly qualified engineers through Trexel subsidiaries in North America, Europe, and Asia. For more information, please visit www.trexel.com.