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Statement by USTR Schwab on monthly trade deficit numbers

November 09, 2007



"Today's release of September trade data shows continued strong growth of U.S.
exports.  Exports have increased by nearly 12% so far this year.  The
trade deficit has decreased by more than 9%. Continued strong export growth is
providing considerable support to the U.S. economy right now.  Recent
data for the third quarter of this year shows that nearly half of the 3.9%
growth rate of the economy was attributable to export expansion.   For
Americans, removal of global trade barriers and increased trade improve
productivity, generate income growth, and expand higher paying jobs in the
States.  Ninety-five percent of world
consumers are outside our borders. Global, regional and bilateral
agreements that pry open world markets help expand our trade,
support and strengthen our economic growth and benefit U.S. consumers, workers,
companies, farmers and ranchers.”

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