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H.R. 2708 enhances U.S. global competitiveness

WASHINGTON (July 18, 2013) - The American Chemistry Council (ACC) issued the following statement today regarding the introduction of H.R. 2708, the Miscellaneous Tariff Bill (MTB):

"We applaud House Ways and Means Committee Chairman Dave Camp (R-MI) and Ranking Member Sander Levin (D-MI), along with Trade Subcommittee Chairman Devin Nunes (R-CA) and Ranking Member Charles Rangel (D-NY), for their commitment to help U.S. manufacturers of all sizes boost their competitiveness through the reinstatement of duty suspension.

"ACC has long supported the MTB. For the U.S. chemical industry, duty suspensions provided by the MTB will help level an uneven playing field by reducing import costs for American manufacturers. Passage of the MTB would help to further stimulate the ongoing U.S. manufacturing renaissance, maintain and create much needed jobs and provide American-made final products with broader access to world markets. Given the MTB's importance to U.S. competitiveness, American jobs and simple fair play, we hope H.R. 2708 receives strong support by Congressional leaders, and action is taken on this legislation as quickly as possible." 

The American Chemistry Council (ACC) represents the leading companies engaged in the business of chemistry. The business of chemistry is a $770 billion enterprise and a key element of the nation's economy. It is one of the nation's largest exporters, accounting for twelve percent of all U.S. exports.

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