Legislation Will Eliminate Duties, Spur Economic Growth
Arlington , VA, 2016-Apr-14 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) issued the following statement in response to the introduction of legislation in the House of Representatives that sets forward a path for a new Miscellaneous Tariff Bill (MTB).
“RILA applauds the introduction of the American Manufacturing Competitiveness Act of 2016, which sets forth a process to reduce or eliminate duties on certain imports into the United States,” said Hun Quach, vice president for international trade. “The miscellaneous tariff bill (MTB) will enhance the competitiveness of American businesses. We commend Representatives Brady, Levin, Reichert, and Rangel for helping American businesses and consumers to spur economic growth and support more American jobs. We urge the House of Representatives to approve the legislation as quickly as possible.”
The American Manufacturing Competitiveness Act of 2016, introduced by Representatives Brady, Levin, Reichert, and Rangel, would set forth a process to eliminate trade distorting tariffs in the U.S. tariff code on imports critical to American businesses. The MTB would help enhance global competitiveness of those businesses by cutting production costs in the United States, without harming other U.S. producers. The last MTB passed by Congress expired on December 31, 2012.
RILA is the trade association of the world’s largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.
Senior Vice President, Communications & Advocacy