ACC Applauds Introduction of Bipartisan Bill to Strengthen MTB Process

Contact: Ryan Baldwin (202) 249-6517
Email: ryan_baldwin@americanchemistry.com

WASHINGTON (April 13, 2016) - The American Chemistry Council (ACC) issued the following statement in response to the introduction of the " American Manufacturing Competitiveness Act of 2016 " by the House Committee on Ways and Means Chairman Kevin Brady (R-TX), Ranking Member Sander Levin (D-MI), Trade Subcommittee Chairman Dave Reichert (R-WA) and Trade Subcommittee Ranking Member Charles B. Rangel (D-NY):

"ACC and our members commend Chairman Brady, Ranking Member Levin, Subcommittee Chairman Reichert, Subcommittee Ranking Member Rangel and fifteen other members of Congress for working together to help level the playing field for U.S. manufacturers by reforming the miscellaneous tariff bills (MTB) process.

"Approval of legislation to grant MTB is one of ACC's top trade priorities . A new MTB process would help reduce or eliminate hundreds of import duties on raw materials that chemical manufacturers rely on for innovation but which are not produced in the U.S.

"Duty suspensions provided by the MTB would also help further stimulate the ongoing U.S. manufacturing renaissance, driven by the shale gas boon. Today, domestic chemical manufacturers produce 15 percent of the world's chemicals and account for 14 percent of all U.S. exports, amounting to $191 billion in 2014. Gross exports of chemical products directly linked to natural gas are projected to double in fifteen years , from $60 billion in 2014 to $123 billion by 2030.

"We urge Congressional leaders to support and take action on the bill as quickly as possible to help manufacturers of all sizes grow and create jobs here in the U.S while bringing the many benefits of chemistry to new world markets."

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