RILA: Miscellaneous tariff bill (MTB) will help spur investment and new jobs in US

Legislation Will Eliminate Duties, Spur Economic Growth

Arlington , VA, 2016-May-16 — /EPR Retail News/ — The Retail Industry Leaders Association (RILA) issued the following statement in response to Senate passage of the American Manufacturing Competitiveness Act of 2016.

“Retailers applaud the Senate for joining the House of Representatives in support of legislation that will promote economic growth and save consumers money,” said Hun Quach, vice president for international trade.“The MTB will help spur investment and new jobs here in the United States, and we urge President Obama to sign this legislation when it reaches his desk.”

The American Manufacturing Competitiveness Act of 2016 will set forth a process to eliminate trade distorting tariffs on U.S. imports critical to American businesses. The last miscellaneous tariff bill (MTB) passed by Congress expired on December 31, 2012. The MTB will help enhance global competitiveness of those businesses by cutting production costs in the United States, without harming other U.S. producers.

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.

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Jason Brewer
Senior Vice President, Communications & Advocacy
Phone: 703-600-2050
Email: jason.brewer@rila.org