MSCI and AISI Work to Support North American Manufacturing
May 5, 2004
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The Metals Service Center Institute (MSCI) and the American Iron and Steel Institute (AISI) announced they will work jointly to support North American Manufacturing. Both associations agreed to a three-point advocacy agenda that outlines goals to secure free and fair global trade, lower the structural cost of conducting business, and encourage innovation and investment in research and development.
"Our industry is actively working with other U.S. manufacturers to enact a broad-based, pro-competitive, pro-manufacturing agenda for the U.S.," said Andrew G. Sharkey, III, president and CEO of AISI. "That will include eliminating our self-inflicted cost disadvantages, countering foreign government currency intervention and manipulation, correcting fundamental WTO tax inequities, addressing the need for basic standards in trade agreements, and giving manufacturing a strong voice in Administration policies."
Specifically the two trade associations agreed to the following:
to work together and with others to ensure that the U.S. administration enforces all provisions of U.S. trade laws and agreements with all trading partners, especially with the low-cost production centers of Asia. This includes insisting that China agrees to a significant revaluation of its currency and that Japan, South Korea, and Taiwan cease their large-scale purchases of U.S. dollars in efforts to keep the value of their currencies artificially low;
to support U.S. legislation and regulatory reform to help reduce the structural cost of doing business in the U.S. This includes active efforts to support tort reform, reduce the regulatory burden on manufacturing, and reduce out-of-control health care costs;
to support legislation and regulations that encourage and reward research and development expenditures; and
to urge all three NAFTA governments to explore the possibility of coordinating public polices and developing NAFTA-wide pro-manufacturing policies where appropriate.
"There is no question that the metals industry can be extremely competitive, but we know that, in the pubic policy arena, we agree on most issues," said M. Robert Weidner III, president and CEO of MSCI. "We choose to focus on those areas of agreement because they go directly to the long-term viability of our industry."
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