Contact: Ryan Baldwin, (202) 249-6517
WASHINGTON (Nov. 8, 2013)
- In a speech today at the Port of New Orleans, President Obama restated his administration's commitment to boosting the U.S. economy through increased exports.
The following statement can be attributed to the American Chemistry Council (ACC):
"As one of the nation's leading export industries, with $188 billion in exports last year alone, American chemical manufacturers welcome the president's calls to boost U.S. exports. Of the nearly 800,000 jobs made possible by our industry, more than a quarter are export dependent, and there is opportunity to create thousands more.
"Louisiana is the second-largest chemistry-producing state, with more than $68 billion in output, and a prime example of the kind of growth made possible by the domestic chemicals industry. The state's vast shale gas reserves and robust infrastructure help generate some of the $8.3 billion in chemical products shipped every year to countries around the globe. With the right policies and regulations in place, exports from Louisiana and other states have the potential to grow even more.
"Earlier this year, ACC released a series of policy and regulatory
on trade, energy, tax, regulation, and transportation that would strengthen the competitive position of the U.S. chemical industry, reduce costs for domestic manufacturers and lead to a significant increase in U.S. exports. All told, these changes would add up to $58 billion in additional export growth for the chemical industry alone."
Keys to Export Growth for the Chemical Sector