AFTE Statement on Trade Provisions in President Biden’s Proposed FY2023 Budget

AFTE Statement on Trade Provisions in President Biden’s Proposed FY2023 Budget

WASHINGTON (March 29) — Today, the Alliance for Trade Enforcement (AFTE) released the following statement on the Biden Administration’s recently released Fiscal Year 2023 Budget proposal:

“The Alliance for Trade Enforcement is pleased to see the Biden Administration prioritize trade enforcement and expansion in its proposed budget for the 2023 fiscal year.

“The budget contains important provisions to finance operations of the Office of the United States Trade Representative and increase funding for the Department of Commerce’s Foreign Commercial Service, International Trade Administration, and National Institute of Standards and Technology. Allocating additional funds to these agencies will bolster the United States’ position as a global leader in cutting-edge research and technological development. These new provisions will also help the Biden administration expand market access for U.S. businesses abroad, enforce America’s existing trade agreements, and increase supply chain resilience.

“As the Biden administration seeks to expand U.S. trade in FY2023, AFTE urges the administration to take action to enforce and realize the full benefit of all U.S. trade agreements, including the United States-Mexico-Canada Agreement and the World Trade Organization agreements; improve market access for U.S. biopharmaceuticals by challenging unfair pricing and reimbursement policies in Canada, Japan, and other countries; and enforce intellectual property protections in Brazil, India, Korea, and other countries.

“Creating a fair and level playing field for international trade is essential to U.S. global competitiveness and the 40 million U.S. jobs that depend on trade. For the sake of American workers and our economy, AFTE encourages the Biden administration to follow through on its commitment to improving U.S. trade as established in its budget proposal for the upcoming fiscal year.”

About the Alliance for Trade Enforcement: The Alliance for Trade Enforcement is a coalition of trade associations and business groups that advocates for foreign governments to end unfair trade practices that harm U.S. innovative industries and supports U.S. policymakers in their efforts to hold our trading partners accountable.