Congressman Robert Aderholt (AL-04), today released the following statement after the Office of the United States Trade Representative (USTR) announced a common-sense policy fix to the Generalized System of Preferences (GSP):
"The changes to GSP announced today, bring great news for jobs in the state of Alabama," said Aderholt. "American sleeping bag manufacturers like Exxel Outdoors, who have struggled with the uncertainty of whether they can continue to afford to do business within the United States, no longer face that fear."
"For months Americans have been looking to Washington to allow businesses to retain and create jobs through deregulation and balanced trade agreements that level the playing field for American businesses to compete. Fixing GSP is a great way to start."
"GSP is not just some abstract trade law that affects companies overseas, but an important trade policy that affects jobs right here in North Alabama and allows for companies like Exxel to return good paying jobs back to the United States."
"In today's global economy, trade is important to economic growth and success. However, a loophole in GSP has been hurting American sleeping bag manufactures, until today. GSP was designed to be a mutually beneficial trade program between the US and friendly developing nations, and was specifically intended to not harm U.S. domestic manufacturing."
"This fix announced today will restore that original intent. I am proud that companies like Exxel Outdoors, that have fought to bring overseas jobs back to the United States are finally being celebrated and rewarded for putting Americans back to work."
"Teaming with Jeff Sessions in the Senate, today's announcement brings a policy fix that we have been pursuing for over two years and am glad to see it finally come to fruition and enable sleeping bag manufacturing jobs to stay in North Alabama," concluded Aderholt.
Aderholt currently serves as Chairman of the Subcommittee on Homeland Security for the powerful House Appropriations Committee, is a member of the Committee's Commerce, Justice and Science; and Agriculture Subcommittees, and also serves on the Helsinki Commission.