Press Release

Secretary Gutierrez Applauds 21st Straight Quarter of U.S. Export Growth

Exports Continue to Spur Economic Growth

MIAMI—U.S. Commerce Secretary Carlos M. Gutierrez today issued the following statement on the release of the March 2008 goods and services national trade statistics by the Department’s U.S. Census Bureau. This report shows the 21st consecutive quarter of U.S. export growth with exports increasing by 17.6 percent in the first quarter of 2008 as compared to the first quarter of last year. Imports over this period grew at a slower 12.0 percent rate.

“Our exports continued to grow in March, expanding by 15.5 percent over March 2007. Today’s trade numbers show the strength of America’s exporting companies in the world marketplace and highlight the critical role that exports play in helping the U.S. economy overcome challenges in other sectors.

“The best way to expand our exports is to remove trade barriers. Since the Colombia Trade Promotion Agreement was signed 535 days ago, U.S. exports to Colombia have faced more than $1 billion in duties to enter that market—even as Colombian goods enter the United States duty free. Passing the agreement would remove that tax on goods created and produced by America workers, ranchers and farmers.

“A year ago, we worked with Congress to add strong new labor and environmental provisions as part of the core text of our four pending free trade agreements, including Colombia. The Colombia Trade Promotion Agreement is the best way to secure greater rights for workers, improve environmental standards, and enhance stability in Colombia, which has been delivering impressive results in combating violence and creating prosperity.

“While Congress does nothing to pass the agreement, U.S. industry and agriculture are slapped with tariffs, and Colombia, an emerging democracy, is dealt a critical blow while attempting to expand economic hope, opportunity, and security.”