Plastics Industry: Customs Reauthorization Equals More Competitive Mfg Sector
15 Feb, 2016
As the Senate reached a final agreement on the Trade Facilitation and Trade Enforcement Act of 2015 (H.R. 644), William R. Carteaux, president and CEO at SPI: The Plastics Industry Trade Association said:
“In 2015, the U.S. plastics industry had a $14.7 billion trade surplus with its partners around the globe. Exports are undoubtedly a significant part of our industry’s success. The Trade Facilitation and Trade Enforcement Act of 2015 will help U.S. plastics companies build on that success by enabling American manufacturers to be even more competitive globally.
“By streamlining the flow of trade, reducing the paperwork burdens for smaller shipments and making duty drawback more available to companies of all sizes, H.R. 644 takes common sense steps to support American workers in today’s highly-competitive, internationalized market.
"We applaud the Senate’s approval and look forward to finding more ways to support the nearly one million Americans that make the U.S. plastics industry so strong.”
Founded in 1937, SPI: The Plastics Industry Trade Association promotes growth in the $427 billion U.S. plastics industry. Representing nearly one million American workers in the third largest U.S. manufacturing industry, SPI delivers legislative and regulatory advocacy, market research, industry promotion and the fostering of business relationships and zero waste strategies. SPI also owns and produces the international NPE trade show. All profits from NPE are reinvested into SPI’s industry services. Find SPI online at www.plasticsindustry.org and www.inthehopper.org.
"From resin suppliers and equipment makers to processors and brand owners, SPI is proud to represent all facets of the U.S. plastics industry," said William R. Carteaux, president and CEO, SPI. "Our most recent economic reports show that the plastics industry as a whole is resilient, and has come through the recession significantly better than other U.S. manufacturing sectors."