Politically sensitive manufacturing trade with the 14 FTA partners has expanded more rapidly than overall U.S. manufacturing trade, especially on the export side. U.S. manufacturing exports to the recent FTA partners were 10.5 percent higher in 2010 compared to our overall export growth since each agreement was signed. That represents an additional $8 billion in manufacturing exports.
In an interconnected world, policymakers must also pay increased attention to trade facilitation and to lower trade costs, thus creating more “facts on the ground” in the form of investments that are predicated on trade and consolidating political support for liberal trade policies. These measures will help foster a liberal trading environment and further strengthen the resistance to protectionism.