Open markets for international trade and investment are essential for supporting U.S. economic growth and jobs. Business Roundtable supports policies that promote U.S. trade and investment, and create a level playing field for U.S. companies competing in global markets.
New economic analysis prepared for Business Roundtable concludes that termination of the North American Free Trade Agreement (NAFTA) would result in the net loss of 1.8 million U.S. jobs within the first year.
Below are six insights we've gathered about the benefits of trade with South Korea, America's seventh largest export market, including those enjoyed under the United States-Korea Free Trade Agreement (KORUS). To expand on those benefits, we continue to urge the U.S. and Korean governments to address implementation issues under KORUS and market access issues that U.S. companies face.
New Tariffs or Taxes Canada and Mexico Could Have Charged U.S. Exports Without the North American Free Trade Agreement
Withdrawing from or weakening NAFTA would harm businesses and communities across the country, threaten many of the 12 million jobs supported by trade with Canada and Mexico, and hand over export opportunities to our foreign competitors.
Business Roundtable today released the following statement ahead of the Senate Committee on Banking, Housing and Urban Affairs hearing on the five pending Export-Import Bank nominations.
