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THE US ALLIANCE FOR TRADE EXPANSION The US Alliance for Trade Expansion representing 2 trillion in annual trade and over 150 million American consumers farmers and workers seeks to promote economic growth job expansion and higher living standards in the United States by rules-based multilateral trade liberalization through the World Trade Organization WTO CORE PRINCIPLES 1 TRADE EXPANSION IS IN THE INTEREST OF ALL AMERICANS oOpen trade allows Americans to enjoy the best goods and services the world has to offer and to specialize in the economic activities at which we are relatively more productive Americans receive these benefits whether or not other nations maintain similarly liberal trade policies but the benefits are multiplied when other nations also practice open trade oTrade expansion is a key driving force for US prosperity Todays historic combination of high growth low unemployment low inflation and rising wages is in large measure due to Americas leadership role in keeping our market open and working to lower trade barriers under the multilateral system oIncreased trade means stronger economic growth and higher living standards overall Trade makes US industries services and farms more productive Trade has produced more better-paying jobs and higher income for Americans 2 THE RULES-BASED TRADING SYSTEM OF THE WTO CREATES BENEFITS FOR AMERICANS AND ADVANCES AMERICAN VALUES ABROAD oAmericans benefit from WTO agreements because they lower major trade barriers in key export sectors where the US excels particularly agriculture high technology manufacturing and services oThe WTO is an international body that oversees agreements between the United States and over 130 other member economies to reduce barriers to trade Building on a foundation established after WWII the WTO agreements establish rules for trade in manufactured goods agricultural products services and intellectual property reduce tariffs and other trade-distorting barriers
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