TPP, TTIP Will Boost U.S. Exports, Decrease Trade Deficit, Says NFTC President
The Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership will help further boost U.S. exports, said National Foreign Trade Council President Bill Reinsch in a Feb. 6 blog post, building off record export totals in 2013. “We are encouraged that…
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for the fourth year in a row the United States has achieved record growth in U.S. goods and services exports,” said Reinsch. “More exports mean more American jobs and economic growth nationwide, all of which are critical to driving sustained economic recovery.” The Census Bureau said on Feb. 6 the U.S. international trade deficit in goods and services decreased to $471.5 billion in 2013 from $534.7 billion in 2012 (here).