World Trade requires timed legislation

Shippers are praising President Obama for signing the U.S. Manufacturing Enhancement Act of 2010 (H.R. 4380).

But is it too little, too late?

The National Association of Manufacturers (NAM) President and CEO John Engler says the bill will provide a needed boost to both large and small companies.

“The NAM has been working relentlessly to educate Congress on the importance of this bill and how it will preserve and expand good American jobs,” he said. “This legislation will also cut the costs of doing business in the United States and boost American manufacturing exports. In fact, studies show that these provisions can increase production by $4.6 billion and support almost 90,000 jobs.”
Today’s news that exports decreased in June further illustrates why action is needed now, added Engler.

Recently, the NAM released a “Manufacturing Strategy for Jobs and a Competitive America,” which outlines a comprehensive plan for increasing exports and growing manufacturing in the face of unprecedented global competition. It sets high goals and calls for action on policies such as tax, trade, energy, infrastructure and regulation.