12 February 2013 20:16 [Source: ICIS news]
HOUSTON (ICIS)--The National Association of Manufacturers (NAM) released a strategy plan on Tuesday, saying the US needs policies that encourage economic growth and enhance competitiveness for manufacturers.
“A Growth Agenda: Four Goals for a Manufacturer’s Resurgence in America” creates a blueprint that will enable manufacturers to continue to make America strong, the trade group said.
“Manufacturers have the capacity to transform a difficult and sluggish recovery into a high-octane economic revival. However, current policies in Washington are holding manufacturers back,” said Jay Timmons, NAM president and CEO.
“It’s 20% more expensive to manufacture in the United States, excluding the cost of labour, and that cost disadvantage is largely our own doing,” he added. “We need our leaders in Washington to commit to pro-growth policies that will make America more competitive.”
The document established four goals, including making the US the best place in the world to manufacture and attract foreign direct investment.
It also said the US should expand access to global markets to enable manufacturers to reach the 95% of customers who live outside the country.
In addition, US manufacturers should be the world’s leading innovators, as well as have access to the workforce that the 21st-century economy demands.
“A bipartisan commitment in Washington to pro-growth policies will make our nation a more competitive place to do business,” Timmons said. “To succeed, manufacturers need our elected leaders to choose policies that make this country a better place to invest, a better place to innovate and a better place from which to export.”
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