Why International Trade is Important to the Economy

By: Davies Hood, Induron President

As the president of a manufacturing company and a member of the National District Export Council, I realize just how important international trade is to the U.S. economy, and I’m proud that Induron can play a part in improving the U.S. economy with its business. 

The National District Export Council, which represents 1300 core companies in the 60 District Export Councils throughout the U.S., is the voice of the American small and medium-sized enterprises (SME) exporter. I’m thankful that this organization advocates for governmental policies, such as commercial diplomacy that promotes U.S. goods and services in foreign markets, aggressive combating of foreign trade barriers, and enactment and enforcement of trade agreements, that encourage exports are essential to our economy. It’s organizations like these that truly help small companies like Induron grow their business and make an impact on the economy.

According to the National District Export Council, U.S. exports can and should lead the way to increased prosperity for American workers and manufacturers.  Increased global competitiveness for American manufactures will result in more jobs, economic development and rising wages in the U.S. Not only is international trade vital to the U.S. economy as a whole, but it is also crucial to the future success of Induron. Attending the Trade Winds-Latin America Trade Mission opened my eyes to the countless opportunities there are to expand into new international markets, and I’m excited to explore those opportunities with the support of the National District Export Council.

The U.S. Department of Commerce’s International Trade Administration (ITA) is another key player that supports international trade and investment by enforcing U.S. trade laws and agreements. Specifically, Global Markets, one of the ITA units, assists SMEs by combining country and regional experts, along with ITA’s trade promotion programs, to provide U.S. companies with the full range of country-specific export promotion services and market access advocacy. In fact, Global Markets has helped grow U.S. exports by $71 billion over the past two years, which in turn supported an estimated 400,000 new American jobs.

Ultimately, as a small business owner, I’m grateful for the ongoing support of the National District Export Council and the U.S. Department of Commerce, and I can’t wait to see how Induron’s exports expand and help boost the health of our economy.

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