Toward A Stronger and More Resilient

Transcription

1 Toward A Stronger and More Resilient U.S.- Relationship

2 1

3 The unshakable U.S.- Alliance is the cornerstone of peace, prosperity, and freedom in the Asia-Pacific region. [The leaders of and the States] remain fully committed to strengthening the economic relationships between their two countries and across the region, based on rules for free and fair trade. This will include setting high trade and investment standards, reducing market barriers, and enhancing opportunities for economic and job growth in the Asia-Pacific. Joint Statement from President Donald J. Trump and Prime Minister Shinzō Abe, February 2017 A Balanced Economic Relationship The States and are top economic partners and global leaders who should continue to build their relationship into a stronger and more resilient economic alliance. Both countries have demonstrated their mutual commitment to one another through strong trade and investment. The States is the top destination for ese foreign direct investment and is the States largest foreign investor. and the States are Balanced Partners in Investment and Trade Foreign Direct Investment to the States $421 billion (stock) Imports from the States U.S. exports of goods and services to exceeded $100 billion in 2016 U.S. Jobs Created by ese Companies 856,100 Americans directly employed Plans to Continue Investing Since 2012, more than 50% of ese manufacturers in the States have consistently considered expansion Source: JETRO 2

4 Invests in The States is a Leading Investor in the States At $421 billion stock and $34 billion flow, is one of the top investors in the States among G20 nations. Foreign Direct Investment to the States by Country (Stock, ) Foreign Direct Investment to the States by G20 (Flow, 2016) 2016 $556B Canada $52B $49B $421B $417B $371B $355B $34B France $24B $14B China $10B 2002 Luxembourg Canada Netherlands Source: U.S. Department of Commerce Source: U.S. Department of Commerce 8 ese FDI Continues to Rise is one of the largest and fastest growing sources of inbound U.S. foreign direct investment, vastly outpacing other countries. Annual ese FDI to the States increased by a factor of 5.2 between 2009 and All Countries Source: OFII

5 Invests in the States from the Ground Up In 2015, led in investing in new U.S. business branches from scratch (greenfield investments), involving every aspect of the States job market from building construction to information technology to sales. 4,000 3,000 3,117 2,500 $ Million 2,000 1,500 1,478 1,246 1,193 1, Canada India Provides High Quality Investment ese investment in the States is focused on research and development. In 2014, ese FDI accounted for $57 billion in R&D. Since 1997, direct ese R&D spending in the States has increased from $2 to about $10 billion, and continues rising Insourced R&D Spending by Country Annual R&D spending per employee China Switzerland $11.6B $10.6B ($) 10,000 8, France $2.4B $3.4B $7.9B 6,000 Ireland Netherlands All Other Countries $5.7B $7.1B $7.3B 4,000 2, All Other Countries Source: OFII Report, PIIE 4

6 All U.S. States Benefit from Trade with ese Companies Contribute to American Exports ese companies are the largest foreign contributors to U.S. export totals Country France Korea 14.2 China $ Billion (2015) Source: U.S. Department of Commerce Americans Export Millions to in Goods and Services Every state in the States benefits from export business to, with 30 states exporting more than $1 billion to ese consumers. WASHINGTON $8.5B OREGON $1.8B NEVADA $998M CALIFORNIA $20.1B ALASKA $893M IDAHO $424M UTAH $1.1B ARIZONA $1.7B MONTANA $259M WYOMING $97M COLORADO $1.6B NEW MEXICO $233M HAWAI I $464M NORTH DAKOTA $357M SOUTH DAKOTA $331M NEBRASKA $1.1B KANSAS $1.4B OKLAHOMA $682M TEXAS $8.6B MINNESOTA $2.1B WISCONSIN NEW YORK $1.5B $6.2B MICHIGAN $2.4B IOWA PENNSYLVANIA $1.6B $2.7B OHIO ILLINOIS INDIANA $2.3B WEST $4.2B $2.5B VIRGINA $397M VIRGINIA MISSOURI $1.3B KENTUCKY $1.6B $1.7B N CAROLINA TENNESSEE $2.9B $2.5B ARKANSAS S CAROLINA $377M $1B MISSISSIPPI GEORGIA $449M ALABAMA $956M $3.1B 5 LOUISIANA $1.4B NEW HAMPSHIRE $282M FLORIDA $4.0B VERMONT $220M MAINE $212M RHODE ISLAND $149M MASSACHUSETTS $3.5B CONNECTICUT $1B NEW JERSEY $3.1B DELAWARE $399M MARYLAND $1.2B DISTRICT of COLUMBIA $338M $350 Million or less $351 Million $1 Billion $1.1 $3 Billion $3.1 $5 Billion $5.1 Billion and above (2013) Sources : The East-West Center, Asia Matters for America

7 Exports to Support American Jobs Trade with creates jobs all across the States, generating 30,000+ jobs in five states and 10,000+ jobs in 24 states. WASHINGTON 52,666 OREGON 11,189 NEVADA 8,981 CALIFORNIA 128,493 ALASKA 4,950 IDAHO 2,943 UTAH 6,947 ARIZONA 12,297 MONTANA 2,115 WYOMING 632 COLORADO 12,017 NEW MEXICO 1,848 NORTH DAKOTA 2,845 SOUTH DAKOTA 2,690 HAWAI I 3,693 NEBRASKA 8,808 KANSAS 11,345 OKLAHOMA 5,029 TEXAS 46,413 MINNESOTA 13,945 IOWA 13,207 WISCONSIN 9,694 MISSOURI 10,201 ARKANSAS 2,547 LOUISIANA 8,111 MICHIGAN 14,954 OHIO ILLINOIS INDIANA 15,132 28,062 14,460 KENTUCKY 11,160 TENNESSEE 16,766 MISSISSIPPI 3,421 ALABAMA 5,626 NEW HAMPSHIRE 2,039 VERMONT 1,409 WEST VIRGINIA 2,558 GEORGIA 20,089 PENNSYLVANIA 17,244 S CAROLINA 6,682 FLORIDA 30,388 VIRGINIA 11,864 NEW YORK 43,910 N CAROLINA 17,578 MAINE 1,537 RHODE ISLAND 1,184 MASSACHUSETTS 22,870 CONNECTICUT 6,561 NEW JERSEY 18,803 DELAWARE 2,099 MARYLAND 8,521 DISTRICT of COLUMBIA 2, ,000 5,001 10,000 10,001 15,000 15,001 30,000 30,001 and above (2013) Sources : The East-West Center, Asia Matters for America Americans Export Goods to Across All Industries Top U.S. exports to include aircrafts, vehicle machinery, medical and chemical products, and agricultural goods. 22% Machines 17% Chemical Products 13% Instruments 9.9% Vegetable Products 9.2% Transportation 6.6% Animal Products 4.5% Mineral Products 3.9% Foodstuffs 3.3% Plastics and Rubbers 3.1% Metals 2.0% Paper Goods 1.9% Precious Metals 6 (2015) Source: MIT

8 ese Businesses Employ Americans ese Businesses Employ Millions in the States In 2015, created jobs in the States both directly and indirectly across all industries. Employment by ese Companies in the States thousand of people Direct 856, Direct & Indirect 1,586,000 Source: Keidanren estimates France Canada Switzerland Netherlands Source: U.S. Department of Commerce ese Companies Lead All Foreign Nations in U.S. Manufacturing Jobs ese manufacturing companies employed more U.S. workers than any other foreign employer in thousand of people France Canada Switzerland Netherlands 7

9 ese Companies are Leaders in American Job Creation ese enterprises are leaders in creating U.S. jobs, with over 172,000 new American jobs created between , ,000 France 131,300 83,200 Canada 85,600 Netherlands 79, ,000 40,000 60,000 80, , , , , ,000 Number of Jobs ese Companies Provide Quality American Jobs ese companies offer stable and high-paying jobs. $74,502 $84,373 Canada $63,610 Netherlands $46,040 Average Annual Income U.S. Dollars (2015) 8

10 ese Companies Are Good Corporate Citizens ese Companies Value their American Employees and their Local American Communities. Leaders in corporate social responsibility, ese companies frequently establish charitable foundations to empower communities and engage at a local level. From Alabama to Wyoming, ese corporations endow cultural events at museums and theaters; provide disaster relief and donate to hospitals for disease prevention; send employees into the community to volunteer to tutor at elementary schools; provide job training for high schoolers and underemployed adults; cook meals at shelters; and engage in numerous other charitable activities. ese companies believe in giving back to local communities. Community Outreach and Corporate Social Responsibility ese companies are dedicated to good corporate citizenship in the communities where they operate. Examples of community engagement include the following: Arts and Theater Supporting the community through patronage of the arts Youth Education Empowering youth through programming to prepare them for the workforce Empowering Veterans and the Disabled Expanding workplace opportunities for military veterans and the disabled Hospitals and Disease Prevention Providing expertise and financial support to promote public health and welfare Ending Hunger and Homelessness Supporting the nutritional and housing needs of local communities Environmental Protection and Sustainability Promoting sustainable and environmentally sound practices Promoting Diversity Employment ese companies support inclusive and diverse employment initiatives. Gender Empowering women in the workforce Diversity Drawing and supporting applicants from a variety of racial and ethnic backgrounds Age Providing employment opportunities for adults of all ages 9 LGBT Promoting a supportive working environment for LGBT employees Disability Ensuring an accessible and accommodating workplace Military Service Providing opportunities to reintegrate veterans into the workforce

11 The U.S.- relationship is the most important bilateral relationship in the world, bar none. Mike Mansfield, former U.S. Senator and Ambassador to, September,

12 KEIDANREN ( Business Federation) is a comprehensive economic organization with a membership comprised of 1,358 representative companies of, 156 nationwide industrial associations and 47 regional [prefectural] economic organizations. Keidanren s mission is to draw upon the vitality of corporations, individuals and local communities to support the self-sustaining development of the ese economy and improve the quality of life of the ese people. Keidanren 1-3-2, Otemachi Chiyoda-ku, Tokyo Keidanren U.S.A Seventeenth Street, NW Washington, D.C america@keidanren.or.jp