President's Trade Agenda Released
May 25, 2021
The Economic Alliance has long supported free and fair-trade agreements to promote Iowa’s economy. Iowa businesses, including many within our region, have a vested interest in international trade policies due to the dominance of the manufacturing, agriculture and agri-business industries. The global health pandemic has led to much economic and job uncertainly, which is why it’s important the U.S. implement pro-growth trade agreements. For Iowa’s businesses and farmers, good trade policy is an essential component to our recovery efforts.
On March 1, the Office of the U.S. Trade Representative (USTR) released President Biden’s 2021 Trade Agenda and the 2020 Annual Report to Congress as required by the Trade Act of 1974. Read the full agenda at bit.ly/31gnF5v. Key elements from the 2021 agenda include:
- Tackling the COVID-19 Pandemic and Restoring the Economy
- A Worker Centric Trade Policy
- Putting the World on a Sustainable Environment and Climate Path
- Advancing Racial Equity and Supporting Underserved Communities
- Addressing China’s Coercive and Unfair Economic Trade Practices Through a Comprehensive Strategy
- Partnering with Friends and Allies
- Standing Up for American Farmers, Ranchers, Food Manufacturers, and Fishers
- Promoting Equitable Economic Growth Around the World
USTR also issued a summary fact sheet available at bit.ly/3sAbPPm.
According to USTR, in 2018, Iowa exported $14.4 billion of Made-in-America goods to the world. In 2016, exports from Iowa supported an estimated 94,000 jobs. And, in 2017, the ICR region exported over $1.3 billion in goods. In 2018 we also exported $12.0 billion of manufactured products and were the country’s 2nd largest agricultural exporting state.
The Economic Alliance will continue to advocate for international trade policies that support our region’s growth.