3.1: New Markets
Opening New Markets Other Information:
Every president beginning with Ronald Reagan has recognized the power of open markets and pursued them on behalf of the United
States. George W. Bush successfully negotiated eleven FTAs, encompassing sixteen countries. He also had the vision to commence
negotiations with a number of allies around the Pacific Rim to expand significantly the Trans-Pacific Partnership. All told,
these agreements have enabled people across the world to come together and build a better future. Economists estimate that
the agreements have led to the creation of 5.4 million new American jobs and support a total of nearly 18 million jobs. Looking
beyond just our FTA partners, our total exports support nearly 10 million American jobs. These are not just jobs; they’re
good jobs, paying significantly above average, and more than one-third are in manufacturing.
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