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| United States lauds exports amid record deficit | ||||||||||||||||||
| Wednesday, February 14, 2007 12:20 [IST] IANS |
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"Our booming export numbers show the competitiveness ofAmerican workers and companies. Our companies send more "Here in "In 2006, American workers and businesses had a bannerexport year with an all-time record high of over $1.4 trillion in exports ofgoods and services," Gutierrez said, urging the US Congress to supportPresident George Bush's trade agenda as the annual trade numbers were releasedin Washington. The figures issued by the census bureau said that the tradedeficit, or gap between what the US sells abroad and what it imports, reached anew high of $763.3 billion last year - a 6.5 percent increase over the yearbefore. The deficit was fuelled by the continuing American need forforeign oil and imports of consumer goods from But Gutierrez said,"Today's numbers show significantexport growth to almost all of "American exports had risen to 29 out of US' 30 largesttrading partners, including export growth of more than 20 percent to countriesas diverse as "While these record numbers show tremendous progress, westill need to do more to grow our exports, open new markets, promote US exportsand support the president's trade agenda," Gutierrez said. "The president's trade agenda, including successfulconclusion of the Doha Round and passage of Free Trade Agreements with Peru,Columbia and Panama, will open markets for American products and enhance ournation's prosperity. This makes theextension of the President's Trade Promotion Authority (expiring June 30) allthe more essential as we move forward," he said. Gutierrez said he was embarking on a mission with twingoals: to win "In India Gutierrez is having discussions with governmentofficials to explore opportunities to further invigorate commercial relationsbetween the US and India through the mechanisms provided by the US-IndiaCommercial Dialogue, the High Technology Cooperation Group, and the CEO Forum,"the statement issued by his office said. Meanwhile in Democrats used the latest trade numbers to demand what housespeaker Nancy Pelosi called a new direction in trade policies, placing moreemphasis on opening foreign markets to American goods, protecting Americanproducts from piracy and counterfeiting and helping the American industrybecome more competitive.
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