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  • Press Release

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

CONTACT US
Andrew Fasoli
CONTACT US

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’s mission is to advocate for the people, policy, and products of chemistry that make the United States the global leader in innovation and manufacturing. To achieve this, we: Champion science-based policy solutions across all levels of government; Drive continuous performance improvement to protect employees and communities through Responsible Care®; Foster the development of sustainability practices throughout ACC member companies; and Communicate authentically with communities about challenges and solutions for a safer, healthier and more sustainable way of life. Our vision is a world made better by chemistry, where people live happier, healthier, and more prosperous lives, safely and sustainably—for generations to come.