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ACC Outlines Policies to Advance US Trade Goals and Strengthen Chemical Industry Competitiveness

Ryan Baldwin

WASHINGTON (May 11, 2021) – American Chemistry Council (ACC) President and CEO, Chris Jahn, issued the following statement ahead of this week’s Senate Finance and House Ways and Means committee hearings on President Biden’s 2021 Trade Policy Agenda:

“As ACC wrote in a May 11 letter to Ambassador Tai, the U.S. chemical industry fully supports President Biden’s vision for a trade policy that benefits all Americans. The U.S. chemicals industry is uniquely prepared to supply the innovations needed to help fight climate change, and the new capital investment and exports to support job growth around the country. This week’s trade hearings must begin the process of turning words into action – and inviting industry to demonstrate how we can help make American manufacturing ‘part of the engine of American prosperity now,’ as President Biden declared last January.

“For ACC’s part, we have published a set of Trade Policy Priorities and five imperatives for immediate action that will help maximize the U.S. chemical industry’s ability to support the Biden Trade Policy Agenda:

  1. Open new markets for U.S. exports of innovative chemicals and plastics;
  2. Deliver much-needed tariff relief to American businesses and consumers;
  3. Reduce and prevent non-tariff barriers to trade through greater regulatory cooperation in key regions and markets;
  4. Cultivate resilient and strategically integrated global supply chains, particularly with key trading partners; and
  5. Modernize the World Trade Organization (WTO) and the rules-based international trading system.

“The Miscellaneous Tariff Bill (MTB) stands out as one of the most efficient and effective legislative tools at the Administration’s disposal to ease burdensome tariffs on critical inputs to U.S. manufacturing processes and jumpstart economic recovery and jobs. MTB would be a shot in the arm and provide an immediate boost to U.S. manufacturing competitiveness.

“We look forward to working with Ambassador Tai and the Administration to execute on their plan to create a stronger, more equitable and sustainable future for American businesses and families.”

American Chemistry Council

The American Chemistry Council (ACC) represents the leading companies engaged in the business of chemistry. ACC members apply the science of chemistry to make innovative products and services that make people's lives better, healthier and safer. ACC is committed to improved environmental, health and safety performance through Responsible Care®; common sense advocacy designed to address major public policy issues; and health and environmental research and product testing. The business of chemistry is a $486 billion enterprise and a key element of the nation's economy. It is among the largest exporters in the nation, accounting for ten percent of all U.S. goods exports. Chemistry companies are among the largest investors in research and development. Safety and security have always been primary concerns of ACC members, and they have intensified their efforts, working closely with government agencies to improve security and to defend against any threat to the nation’s critical infrastructure.

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