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Gov Pence Urges Progress on Trade Agreements

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Indiana Governor Mike Pence has signed a bipartisan letter with the governors of 13 other states and Northern Mariana Islands urging President Obama and Congressional leaders to make progress on three trade agreements. Pence says the Trans-Pacific Partnership, the Transatlantic Trade and Investment Partnership, and the Trade in Services agreements have the potential to open up foreign markets to US exports and encourage further investment in the United States. The governor says in 2012, Indiana exports worldwide totaled 34-point-four billion dollars. That was a record high for the state, according to a report a few months ago from Indiana University's Kelley School of Business.
“International trade is vital to our state’s economic growth and fiscal prosperity and leads to high-paying jobs for workers and increased opportunities for businesses and our agriculture industry,” said Governor Pence. “We benefit from increased market access, and I urge President Obama and Congress to move forward on these international trade agreements.”
The Indiana Governor's Office says the state's economic growth is closely linked to international trade, and provided the following info:
·         Approximately 95 percent of the world’s consumers reside outside of U.S. borders and so we benefit from increased market access.
·         Export-supported jobs linked to manufacturing account for an estimated 8.9 percent of Indiana’s total private-sector employment.  One-quarter (24.7 percent) of all manufacturing workers in Indiana depend on exports for their jobs.
·         In 2012, Indiana exported $34.4 billion to countries around the world.


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