Magazine article Global Finance

Us Trade Supremo Says Export Gains Depend on Congress

Magazine article Global Finance

Us Trade Supremo Says Export Gains Depend on Congress

Article excerpt

UNITED STATES

Following the collapse of the Doha Round of world trade talks this summer, the United States is pinning its hopes on new bilateral trade agreements to take up the slack. Its point person is Susan Schwab, the US trade representative, who holds the rank of ambassador.

Schwab was making hay while the sun shone last month, when June data showed that US exports reached $164 billion, the highest level in the country's history. She said the numbers reaffirmed the international competitiveness of US goods and services. "The increase of US exports has provided much-needed support to the health of our economy," she added.

"To encourage further growth in our exports, Congress needs to act to level the trade playing field for American workers, farmers and entrepreneurs in three key markets-Colombia, Panama and South Korea," Schwab said. "I look forward to continuing my work with Congress to get these agreements passed once it returns in September. …

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