Navistar welcomes free trade agreements

Navistar1Navistar International Corporation issued a statement of support following the enactment of free trade agreements recently adopted by the Senate and House of Representatives. The agreements with Colombia, Panama and South Korea will boost U.S. exports for manufacturers in the United States.

“Global growth has been a key part of our strategy to build on our strong North American truck and engine businesses,” says Dee Kapur, truck group president, Navistar. “These agreements will eliminate the import taxes and tariffs applied to our products in Panama and Colombia ― regions where our products lead ― and create jobs in the U.S. The agreements also contain provisions requiring signatories to promptly address concerns regarding technical barriers to trade. Such arrangements are invaluable at removing impediments to trade that can arise when both parties apply divergent regulatory standards to a single product.”

Kapur adds, “Implementation of these agreements has taken more than four years of work and we thank the U.S. Department of Commerce, the Office of the U.S. Trade Representative and the many members of the House and Senate for supporting the manufacturing industry. The National Association of Manufacturers, which has long been a leading voice for free trade, should also be recognized for its efforts in this area.”

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