Home / Knowledge / News / 'Shrinking trade deficits are usually good news' - Ambassador Kirk
'Shrinking trade deficits are usually good news' - Ambassador Kirk
11
Apr '09
U.S. Trade Representative Ron Kirk commented on the latest trade data released by the U.S. Commerce Department. The February 2009 U.S. International Trade in Goods and Services report showed U.S. export increasing by 1.6 percent to $126.8 billion since January, while imports fell 5.1 percent to $152.7 billion overall. This resulted in a 28.3 percent reduction in the U.S. trade deficit. Year-to-date (January-February), U.S. exports are down 16.7 percent and U.S. imports are down 25.8 percent.

“Shrinking trade deficits are usually good news, but these numbers reflect the ongoing contraction in world trade overall. This new trade data underscores the need to open more world markets to U.S. farmers, ranchers, manufacturers, and service providers, and to work with our trading partners to grow the global trading system again,” said Ambassador Kirk.

“At this time of economic uncertainty, smart trade policy can be a pillar of our country's economic recovery. USTR is working with our trading partners and with Congress to open markets to American goods and services, and to craft trade policy that works for America's working families.”

United States Trade Representative

Must ReadView All

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search