One of the best trade reporters in the business is Greg Rushford, an experienced journalist who writes for his own web-based newsletter The Rushford Report. The newsletter is free and is a must-read for NAFTZ members and anyone interested in U.S. trade policy.
This week Greg wrote an insightful piece on President Obama’s recent trips to his economic agenda, first to a padlock factory in Milwaukee and then to the Boeing plant in Everett, Washington. Greg welcomed the president’s recognition of the important role played by the Foreign-Trade Zones program in promoting the competitiveness of U.S.-based producers in global markets:
But because imports have been considered politically incorrect in the Obama White House, the president had not previously included the successful foreign-trade-zone operations in his initiative aimed at doubling U.S. exports by 2014. But last week that seemed to be changing.
The NAFTZ association’s president, Dan Griswold, and its chairman, veteran Washington trade lawyer Lewis Leibowitz, have been pressing White House officials in recent weeks to include the zones in the president’s export-promotion program. Last week, they greeted the president’s call for the Commerce Department to simply some of the burdensome paperwork and regulations that have been holding the zones’ export potential back. “We’re glad the president has recognized the FTZ program as an important tool in promoting exports,” said an obviously pleased Griswold.
I urge NAFTZ members to sign up for free access to the Rushford Report.