|
|
Issues: Trade“During the ‘90s, we were able to more than double Nebraska’s international exports. Nebraska trade has created new jobs, increased wages, and generated millions of dollars in savings and investment. The conference report will continue those successes by making it easier for Nebraska’s products to reach an ever-greater audience.”
International Trade in Nebraska:Nebraska exports total $3.1 billion each year to over 100 foreign markets. Nearly 100,000 Nebraska jobs are related to exports: 56,000 in manufacturing and 43,800 in agriculture. 73% of Nebraska's 1,367 companies that export are small and medium sized businesses. $1 in agricultural exports generates $1.59 in additional economic activity. Wages in export jobs are 13-18 percent higher than the national average Senator Nelson's Trade ExperienceWhile Governor, Ben Nelson worked to more than double Nebraska's international exports from $868 million in 1990 to more than $2 billion in 1998. Governor Nelson's trade missions resulted in at least $47.5 million in sales and investment for Nebraska business. The number of Nebraska companies exporting increased 74 percent from 1992 to 1998. Nebraska's experience shows that growth in trade, when done properly, can expand jobs and economic opportunities. On August 1, 2002, the Senate passed the comprehensive trade package which included the Andean Trade Preference Act, the Trade Adjustment Assistance Act, and the Trade Promotion Act. The bill was signed into law on August 6. Related Links:
|
|
Senator Nelson understands how important international trade is not only to America's economy, but also to Nebraska. Despite being in the middle of the country geographically, Nebraska remains deeply involved in the global economy. 