Browsed by
Author: Craig Updyke

Making Trade Work Better

Making Trade Work Better

The U.S. Senate is expected as soon as February 10 to begin considering a negotiated compromise bill to reauthorize the trade facilitation and enforcement functions of U.S. Customs and Border Protection (CBP). Among other provisions that support lawful trade, the bill authorizes completion of the “single window” trade documentation submission system and facilitates cooperation between CBP and trademark holders to prevent importation of counterfeit products. The compromise also contains new Read more [...]
Moving Notice

Moving Notice

Yesterday (Oct. 27), the House of Representatives heard manufacturers and voted 313-118 to re-open and reauthorize for four years the U.S. Export-Import Bank. “Ex-Im,” some pending export deals, and related jobs have been on a cliff since this summer when the bank’s charter expired, but strong majorities of both Republicans and Democrats voted to let the bank resume using its credit tools to support exports of U.S. products, including utility and medical equipment. The House also approved a Read more [...]
At Loose Ends on Ex-Im, Highways

At Loose Ends on Ex-Im, Highways

As Congress and the calendar sprint toward August, NEMA member companies see two of their priorities on the top of the Hill's must-do list: reauthorization of the U.S. Export-Import Bank (Ex-Im) and extension of federal highway programs. At this time, it's unclear whether both of these tasks can be completed before Congress heads off for a break, but they are closely linked. Since the highway law needs to be reauthorized or extended by July 31, Senate supporters of Ex-Im are expected to seek to Read more [...]
“We Are Completely Woven Into the Global Economy”

“We Are Completely Woven Into the Global Economy”

It may not be often that President Barack Obama and Speaker of the House John Boehner (R-OH) agree publicly, but they do on the need to approve one of NEMA's legislative priorities: the Trade Priorities and Accountability Act of 2015 (TPA-2015). Why? It's needed for Congress to set negotiating objectives for U.S. trade agreements aimed at opening foreign markets for NEMA companies of all sizes. It's also needed so those agreements can be reached and submitted to Congress and the public for Read more [...]
Senator Visits NEMA Member Interpower, Hears About Importance of Exports

Senator Visits NEMA Member Interpower, Hears About Importance of Exports

As Members of Congress deliberate about trade, tax and energy policies, U.S. competitiveness, and jobs, manufacturers should use the opportunity to contact their legislators, share their perspectives, and even host them for a visit. When it comes to trade, an often-overlooked part of the story is the importance of the indirect exporter, a company that supplies parts or components to another enterprise that exports the end product. Only the final product gets counted in the government’s export Read more [...]
Possession Arrow: Congress

Possession Arrow: Congress

Who has the ball? Who has the advantage? Afflicted with a mild case of seasonal college basketball "madness", an image I captured earlier this week on the way to a trade policy discussion near Capitol Hill had me thinking "Possession Arrow: House of Representatives". But the more I thought about it, my mind found a landing zone near the fact the Congress holds a permanent advantage over the Executive in international trade relations. While the President negotiates with foreign nations, the Read more [...]
Congress Examines Trade and Transportation Agency Spending Proposals

Congress Examines Trade and Transportation Agency Spending Proposals

As Capitol Hill debates whether and how to help U.S. companies be more competitive in the global marketplace, hearings are taking place in both the House of Representatives and the Senate on President Obama’s proposed budget for Fiscal Year 2016 (FY2016). Competitiveness was on the agenda earlier this week as, on March 3, the Senate Commerce Committee hosted Commerce Secretary Penny Pritzker and Transportation Secretary Anthony Foxx to discuss the budget requests for the agencies they lead. Citing Read more [...]
Enabling Efficiency Through Trade

Enabling Efficiency Through Trade

Full negotiations resumed yesterday (December 4) on how to expand the coverage of the Information Technology Agreement (ITA), a turn-of-the-century World Trade Organization pact under which 80 willing countries have eliminated customs tariffs on a host of state-of-the-art IT and communications products. As has been said, “The 21st century is the era of information and communication technology, and the ITA has played a vital role in promoting affordable access to those technologies.” The ethos Read more [...]
Compete, Make the Sale, and Get Paid—Supported in Part by Ex-Im Bank

Compete, Make the Sale, and Get Paid—Supported in Part by Ex-Im Bank

Congress has wrestled with whether or not to extend the life of the U.S. Export-Import Bank (Ex-Im Bank), a chartered federal institution that helps support U.S. electroindustry jobs, tries to level the playing field for U.S. companies competing for sales abroad, and meets unmet demands for export finance. Created during the 1930s New Deal, the Ex-Im Bank is now under threat from a minority of legislators who argue it crowds out private financiers, only caters to large companies, and subsidizes foreign Read more [...]
Just Ten Days

Just Ten Days

When Congress returns from its August break, there will be only 10 days for legislative business before the general election season heats up and lawmakers leave the Capitol again until mid-November. Senate Majority Leader Reid (D-NV) has warned his chamber that weekend sessions may be necessary, but in the House a prime priority for electroindustry companies is not even on the September schedule. As this is being written, the U.S. Export-Import Bank (Ex-Im) has only 35 days before its charter Read more [...]