FOR IMMEDIATE RELEASE
November 11, 2015
Contact: Paola Masman, Media Director
202-688-5145, [email protected]
Washington, DC ~ The Coalition for a Prosperous America (CPA) released today “A Competitiveness Strategy for the United States – America at a Crossroads.”
“Across the USA, localities and states employ plans to attract jobs,” said Brian O’Shaughnessy, CPA Chief Co-Chair and Chairman of Revere Copper Products. “Other countries have sophisticated national strategies to acquire industries and bring good paying jobs to their countries. The USA has no comprehensive national strategy for domestic production and good paying jobs to guide trade negotiators and administration officials.”
CPA’s Competitiveness Strategy argues that:
The United States is losing an economic competition against other nations whose mercantilist strategies are destroying our manufacturing jobs, critical industries, our standard of living, our national security, the security of our food supply and our children’s futures.
The threat to the US economy and national security is grave. Other trading nations are using comprehensive strategies to import jobs across all economic sectors but are particularly focused on strategically significant technologies and industries. US companies in these sectors face not only wide ranging mercantilist practices and non-tariff trade barriers such as currency manipulation, tariffs and subsidies but also much more sophisticated and specific strategies aimed at identifying, acquiring or otherwise controlling critical technologies.
“America needs to start winning again,”said Michael Stumo, CEO of CPA. “That is why the mission of the Competitiveness Strategy is to:
‘Win the international competition for good jobs, sustained real economic growth and prosperity with a national strategy to counter foreign mercantilism, balance trade and grow strong domestic supply chains.’”
CPA’s strategy holds out the promise that the US is in control of its own destiny:
The United States can re-assert itself as a great manufacturing and producing nation with a rising standard of living for all. We can develop and implement a comprehensive strategy that retains and reinforces our leadership in innovation, locates investment and production in the United States and raises employment by creating good paying jobs.
The proposal includes nineteen action steps focused upon three interrelated goals.
- Identifying and countering foreign mercantilist strategies that grow their economies at the expense of other countries through achieving a persistent trade surplus
- Balancing the national trade deficit
- Growing domestic supply chains
“All three goals are interrelated and must be pursued together,” continued Stumo. “The President rightfully created the National Network for Manufacturing Innovation to grow domestic supply chains, but the effort cannot succeed unless we combat powerful foreign tactics to take those industries away. Further, a new effort to counter foreign mercantilism and trade cheating is essential, but must have the goal of balancing trade to be fully effective.”
“Additionally, balancing trade is essential, but merely exporting raw materials is insufficient. American must grow and retain a diverse array of industries that add value to our products and create good jobs, with special attention paid to advanced and critical industry supply chains.”
The full version of A Competitiveness Strategy for the United States – America at a Crossroads” can be read here.
The Coalition for a Prosperous America is a nonpartisan, nonprofit organization representing the interests of over three million households through our agricultural, manufacturing and labor organization members.