The Motor & Equipment Remanufacturers Association (MERA) and the Motor & Equipment Manufacturers Association (MEMA) welcome the release of the U.S. International Trade Commission (USITC) report: “Remanufactured Goods: An Overview of the U.S. and Global Industries, Markets and Trade.”
The report, completed for the Office of the U.S. Trade Representative (USTR), is said to provide an overview of U.S. remanufactured goods industries and markets, including U.S. remanufacturing production and employment, estimates of U.S. and global trade in remanufactured goods, and factors affecting trends in the trade of remanufactured goods.
“MERA applauds Alan Treat and his team at the ITC on today’s release of this important report on the remanufacturing industry, says John Chalifoux, MERA president and COO. “We will use the findings as we continue to promote the environmental, economic and product performance benefits of remanufactured products.”
The report can be found online here. Facts from the report are said to include:
- U.S. production of remanufactured goods totaled at least $43 billion in 2011.
- U.S. remanufacturing activities supported at least 180,000 full-time jobs in the U.S. in 2011.
- U.S. exports of remanufactured goods totaled $11.7 billion in 2011, up 50 percent compared with 2009.
- Almost 40 percent of U.S. exports of remanufactured goods went to free trade agreement (FTA) partners.
- Foreign remanufacturers invested in the U.S. account for a notable portion of trade in remanufactured goods and cores.
- Trade in remanufactured goods is affected by regulatory barriers in foreign markets, and the price and availability of cores.
“The ITC report will be a valuable tool as we look to further educate policymakers about the importance of the remanufacturing industry to the U.S. economy,” says Ann Wilson, MEMA senior vice president, government affairs.