News Release: Associated Press
February 10, 2015
ATLANTA (AP) -- Gov. Nathan Deal says Georgia experienced record increases in both exports and imports for the fifth straight year.
Deal said Monday that Georgia saw a 4.9 percent increase in exports and an 11.5 percent increase in imports compared to the last fiscal year.
The U.S. Census Bureau says Georgia held on to its ranking as 11th in the nation in exporting. Deal says the state also moved from the eighth to the seventh largest in importing.
Georgia Economic Development Director Chris Carr says the numbers indicate companies in the state are remaining competitive globally, which helps create jobs and investment opportunities.
Carr says Canada, China, Mexico and the United Kingdom are Georgia's top four export destinations. The largest percentage increase in exports was in South Korea, Germany, Brazil and Australia.
Currency Reform for Fair Trade Act
Bipartisan Group Introduces Legislation to Crack Down on Currency Manipulation
WASHINGTON – Ways and Means Committee Ranking Member Sander Levin (D-MI) joined Reps. Tim Murphy (R-PA), Tim Ryan (D-OH) and Mo Brooks (R-AL) today in introducing legislation to hold currency manipulators accountable. The Currency Reform for Fair Trade Acttakes aim at currency manipulators by enabling the Department of Commerce to impose countervailing duties to offset the impact of currency manipulation on a U.S. industry. The legislation is identical to the House bill that passed with overwhelming bipartisan support in 2010. Similar legislation is being introduced today by a bipartisan group of Senators.
The Peterson Institute estimates that interventions in currency markets by foreign governments have cost U.S. workers as many as five million jobs over the last decade by making it more difficult for U.S. exporters to compete in other countries and by subsidizing their exports.
The Currency Reform for Fair Trade Act alone is not by itself enough to end the practice of currency manipulation. Over 150 House Members and 60 Senators sent letters to the Obama administration in 2013 urging the inclusion of strong and enforceable currency obligations in the Trans-Pacific Partnership in order to deter our trading partners from manipulating their currency in the first place. A fact sheet on the Currency Reform for Fair Trade Act is here.
“Few actions by foreign governments do more to disrupt free and fair trade and to harm U.S. job growth than currency manipulation,” Rep. Levin said. “Currency manipulation has had a major impact on millions of American middle class jobs. We are sending an unequivocal message today that action is needed to rein in this abuse.”
“When it comes to international trade, America is a welcoming nation but we’re not a welcome mat,” said Rep. Tim Murphy. “There must be consequences when foreign governments seek to illegally control currency markets in order to prop up their exporters while American factories close and American workers lose their jobs.”
“Currency manipulation and other trade subsidies are costing America jobs and it is time to hold countries accountable for their illegal actions,” said Rep. Tim Ryan. “We have the most innovative and productive workers in the world, but we need a level playing field if we want to remain competitive. This legislation is an important step we must take to ensure American manufacturing can thrive. This bill sends a strong message to foreign governments who manipulate their currencies at the expense of the American worker and when passed it will help create jobs here at home.”
“America’s dependence on foreign suppliers is a growing problem that hurts our nation’s defense industrial base and threatens our security independence,” said Rep. Mo Brooks. “In a time of war, the United States cannot rely on foreign suppliers for either the critical raw materials or finished products needed for our national defense. We in Congress need to empower the American worker and the American economy by using the resources we have here at home. That’s why I am helping to lead a bipartisan effort, through the Currency Reform for Fair Trade Act, to protect American manufacturers from damaging and unfair currency manipulation.”
About Gulf Coast Immigration
Immigration and Global Migration are one of the most complex and dynamic areas of law and policy affecting America’s social and economic composition. A well-functioning immigration system is critical to America remaining strong and vibrant. To contribute to this goal and to meet the growing needs for comprehensive and sophisticated legal services in all aspects of business immigration-related matters in Northwest Florida, South Alabama and Mississippi, GCI has been issuing business immigration newsletters/updates and immigration alerts to announce fast-breaking developments.
GCI offers guidance, advice, counsel and representation to business and individual clients in matters of immigrant (both employment- and family- based) and nonimmigrant working visa petitions and applications, with a subspecialty focusing on the U.S. Immigration Investor Program (EB-5 Program) and foreign investments under the U.S.-Korea Free Trade Agreement. GCI also conducts fee-based educational lectures/seminars and training for U.S. based academic institutions and businesses on information and developments on the U.S. immigration law and policy, including I-9 Compliance, E-Verify, and the EB-5 Program. For further information about GCI, publications and lectures and seminars, contact us at www.gcimmigration.com
Gulf Coast Immigration
P.O. Box 2262
Mobile, Alabama 36652
(251) 387-2544; (251) 379-8065 (251) 219-7182 FAX
Disclaimers & Reminders
The content contained herein is for informational purposes only and it should not be used as a substitute for seeking professional legal advice. GCI makes no representations or warranties, express or implied, with respect to the information provided. Furthermore, No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers. This communication is not intended to create, and will not create, an attorney-client or any relationship with you. Merely contacting or sending information to GCI does not create any relationship until a "Retainer Agreement" has been signed between you and GCI to handle your particular matter(s). Any information you convey to GCI via the Internet may not be secure, and information conveyed prior to establishing an attorney-client relationship may not be privileged or confidential.
Copyright © 2015 Gulf Coast Immigration, All rights reserved.
Immigration and Global Migration are one of the most complex and dynamic areas of law and policy affecting America’s social and economic composition. A well-functioning immigration system is critical to America remaining strong and vibrant. To contribute to this goal and to meet the growing needs for comprehensive and sophisticated legal services in all aspects of business immigration-related matters in Northwest Florida, South Alabama and Mississippi, Gulf Coast Immigration has been issuing business immigration newsletters/updates and immigration alerts to announce fast-breaking developments.
Our mailing address is:
Gulf Coast Immigration
PO Box 2262
Mobile, AL 36652