WASHINGTON — A new study from Business Roundtable found that international trade supports 110,800 jobs in North Dakota, representing nearly one out of every five jobs in the state.
According to the study, trade with Canada and Mexico alone supports 30,800 jobs in North Dakota. Tom Linebarger, chairman and CEO of Cummins Inc. and chairman of the Business RoundtableTrade & International Committee, said the study highlights the need to preserve and strengthen the North American trading relationship by passing the United States-Mexico-Canada Agreement. Exports from North Dakota to Canada and Mexico have increased by 1,714 percent since the implementation of the North American Free Trade Agreement.
"The CEO members of Business Roundtable, who lead companies with more than 15 million employees, strongly support congressional passage of USMCA implementing legislation this year. We stand united to preserve and modernize North American trade, which supports over 12 million jobs and a strong U.S. economy," Linebarger said.
The study – prepared by Trade Partnership Worldwide with the latest-available employment data from 2017 – examines the net impacts of both exports and imports of goods and services on U.S. jobs in all 50 states. It also compared 2017 data to pre-NAFTA data from 1992. The study found that trade-supported jobs in North Dakota increased by 65 percent from 1992 (when NAFTA was implemented) to 2017 – three times faster than total employment.
The study also revealed:
- North Dakota exported $5.3 billion in goods and services to Canada and Mexico in 2017
- Goods and services exports account for 16.4 percent of North Dakota's total GDP
- Trade has a positive net impact on both the services and manufacturing sectors across the country.
This article originally appeared on inforum.com.