FTA Manufacturing Trade Surplus Fact Sheet

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U.S. Manufacturing Exports Swing from Deficit to Surplus with Free Trade Agreement Countries

Washington (July 23)—U.S. Secretary of Commerce Carlos M. Gutierrez (left) announced at a meeting of the Manufacturing Council new data showing that the United States is running a trade surplus in manufactured exports with our 14 free trade agreement (FTA) partners. In the first five months of 2008, the trade balance in manufactured goods rose to a $2.7 billion surplus with our FTA partners from a $12.3 billion deficit during the same period last year. “These figures show that our FTAs are succeeding and that Americans benefit from open markets,” Gutierrez said. (More)

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President George W. Bush delivers remarks during the celebration of Colombian Independence Day Tuesday, July 22, 2008, in the East Room of the White House. White House photo by Eric Draper (Remarks)

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Recent Trade News:
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Secretary Gutierrez Appoints New Members to Manufacturing Council - July 22, 2008

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Clean Technology: An Exporter's Guide to India - July 17, 2008

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International Visitation Up in April 2008 Spending at $11.6 Billion for the Month - July 14, 2008

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Trade Fact of the Day:

Georgia’s export shipments of merchandise to Colombia, Panama, and Korea in 2007 were: Colombia--$183 million; Panama--$111 million; and Korea--#391 million. Source: Prepared by the International Trade Administration Previous Trade Facts of the Day

 

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