2011 Trade Policy Agenda and 2010 Annual Report of the President of the United States on the Trade Agreements Program, Ambassador Ronald Kirk, Office of the United States Trade Representative, March 1, 2011.
“Two-way trade is essential to American economic growth and success. Ninety-five percent of consumers reside beyond our borders, and the International Monetary Fund forecasts that nearly 83 percent of world growth over the next five years will take place outside of the United States. To reach our full potential for employment and economic growth, America must engage globally to sell more goods and services abroad. Expanding American exports supports jobs here at home. Every $1 billion in goods exports supports more than 6,000 jobs, and every $1 billion of services exports supports more than 4,500 jobs. Agriculture exports alone support nearly one million American jobs on and off the farm. Jobs supported by goods exports pay up to 18 percent more than the national average. Export-supported jobs in Americas services sector which employs 80 percent of Americas private sector workforce run the gamut from contractors to cargo handlers, and expanding Americas highly competitive services companies into new markets will support more of these jobs here at home.”
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