The threat is that the U.S. does not have its own national policy, says Alliance for American Manufacturing
The new National Manufacturing Policy, announced last week by India, is a strong signal to the U.S. that we “need to get our house in order,” explains Scott Paul, Executive Director of Alliance for American Manufacturing (AAM).
“We missed the boat with China ten years ago and we are still paying the price for that. So let’s make sure that India follows the WTO rules,” Paul says. “Beijing hasn’t fully lived up to its commitments on currency and other trade practices.”
In an effort to make manufacturing a larger percentage of its GDP (it’s now at 16%) and employ 100 million people, the government of India announced last week that it will cut regulatory burdens, create manufacturing zones and promote green technologies. Read more here.
