Expansion Management

Let’s Not Miss out on Chance to Export to Russia

Aug. 22, 2012

This is the sentiment expressed by Aric Newhouse who is the SVP of Policy and Government Relations for NAM. “Manufacturers need Congress to pass legislation granting Permanent Normal Trade Relations with Russia to prevent us from missing out on new export opportunities in the growing Russian market,” he said today. Newhouse explained that currently U.S. good only account for 4% of the $310 billion that Russia imported last year.

Adrienne Selko Blog

This is the sentiment expressed by Aric Newhouse who is the SVP of Policy and Government Relations for NAM.

“Manufacturers need Congress to pass legislation granting Permanent Normal Trade Relations with Russia to prevent us from missing out on new export opportunities in the growing Russian market,” he said today.

Newhouse explained that currently U.S. goods only account for 4% of the $310 billion that Russia imported last year.

And this year should be another year of strong imports as Russia is expected to grow a very healthy 4%.

Exports have been touted all over the place as a way to lift unemployment. In fact President Obama in 2010 set a goal of doubling exports by 2014. He has said that this would support millions of new jobs.

Newhouse is taking the employment angle as well. “With the unemployment rate at 8.3% and the manufacturing sector slowing down, we have to do more to reach new markets and take full advantage of trade opportunities,” he said.

About the Author

Adrienne Selko Blog | Senior Editor

Focus: Expansion Management & the Biotech & Life Sciences Industries

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Senior Editor Adrienne Selko manages IndustryWeek’s Expansion Management, delivering ideas and information about how successful manufacturers leverage location to gain competitive advantage. She explores the strategies behind why companies located their headquarters, research institutes, factories, warehouse and distribution centers and other facilities where they did, and how they benefit from the decision.

Adrienne is also the editorial coordinator of the IndustryWeek Expansion Management Roundtable events, which unites economic development professionals to network and discuss the latest trends in site location.

As well, Adrienne tells the stories of successful companies in the biotechnology and life sciences industries.

In the past, Adrienne has managed IndustryWeek’s award-winning website, overseeing eNewletters, webinars, and contributed content. Before joining the staff, Adrienne was managing editor of corporate publications at a large regional financial institution. She also ran a public relations and marketing company that published a best-selling healthcare book.

Adrienne received a bachelor’s of business administration from the University of Michigan and is especially interested in wellness and natural health.