U.S.-European Union trade pact could add billions to Texas economy, study says

[TexasTowelie]

Texas exported more than $29 billion of goods and services to the European Union last year, but an economic projection released Wednesday suggests that figure could shoot significantly higher if U.S. and E.U. officials can hammer out a long-sought free-trade agreement.

If negotiators reach a pact to eliminate tariffs between the United States and the 27 E.U. member countries, Texas would stand to gain at least $9.1 billion in annual business activity by 2020, according to the report by the Perryman Group, a Waco-based economic consulting firm.

That number could rise as high as $17 billion if other trade obstacles are eliminated and if companies capitalize on the productivity gains that would likely arise from freer business interactions, according to the report, which was commissioned by the British Embassy.

Collectively, that activity could help generate anywhere from 89,000 to 166,000 Texas jobs, according to the report, which considered a range of factors such as trade flows, price responses and projected patterns of the state’s competitiveness in attracting European trade.

More at http://www.statesman.com/news/business/us-european-union-trade-deal-could-add-billions-to/nWTdp/ .

[pipoman]

1. Quick! Sign us up!

These guys have never lied to us before! They are stellar patriots only out for the best interest of the American worker, huh?

AMERICAN AIRLINES JOHN DEERE COMPANY
ATLANTIC RICHFIELD KENTUCKY FRIED CHICKEN
BLOCKBUSTER KERR-McGEE
BROWNING-FERRIS INDUSTRIES LAFARGE COMPANY

CEMEX-MEXICO
McDONALD’S CORPORATION
CHEVRON McDONNELL DOUGLAS
CLUB CORPORATION INTERNATIONAL OCCIDENTAL PETROLEUM COMPANY
COCA-COLA COMPANY OGDEN CORPORATION
COMPUTER ASSOCIATES PARAGON TRADE BRANDS
DELL COMPUTER PEPSICO
DUPONT COMPANY PENNZOIL
EXXON-MOBIL PHILIP MORRIS COMPANIES INC.
FEDERAL EXPRESS SNAP-ON
FREEPORT McMORAN TANDY CORPORATION
GENERAL ELECTRIC TEXACO
H. E. BUTT GROCERY COMPANY TEXAS INSTRUMENTS INCORPORATED
HEWLETT-PACKARD CORPORATION U.S. TECHNOLOGIES
HONEYWELL, INC. UNION PACIFIC
IBM CORPORATION VIACOM
INTEL WAL-MART STORES, INC.
INTERNATIONAL PAPER COMPANY XEROX
JOHNSON & JOHNSON

BAYLOR COLLEGE OF MEDICINE TEXAS FARM BUREAU
FIESTA TEXAS TEXAS HOTEL MOTEL ASSOCIATION
HEALTHSOUTH TEXAS STATE TECHNICAL COLLEGE
SCOTT & WHITE UNIVERSITY OF FLORIDA
SOUTHERN METHODIST UNIVERSITY UNIVERSITY OF TEXAS AT AUSTIN


COMMUNICATIONS/UTILITIES
A.H. BELO CORPORATION MCI WORLDCOM
AT&T RELIANT ENERGY
BRAZOS ELECTRIC POWER COOPERATIVE SOUTHWEST POWER POOL
CENTRAL POWER & LIGHT COMPANY SOUTHWESTERN BELL YELLOW PAGES
COX NEWSPAPERS TEXAS-NEW MEXICO POWER CO.
GTE TU ELECTRIC


LEGAL/ACCOUNTING
AKIN, GUMP, STRAUSS, HAUER & FELD, L.L.P. HOWREY & SIMMS
ANDERSON, KILL, OLICK & OSHINSKY HAYNES & BOONE, L.L.P.
ANDREWS & KURTH HUGHES & LUCE
ARTER & HADDEN JACKSON & WALKER, L.L.P.
ARTHUR ANDERSEN & COMPANY JENKINS & GILCREST
BAKER & BOTTS JONES, DAY, REAVIS & POGUE
BAKER & McKENZIE KIRKLAND & ELLIS
BICKERSTAFF HEATH SMILEY & POLLAN KPMG PEAT MARWICK
BRACEWELL & PATTERSON LOCKE, LIDDELL, & SAPP
BROWN & BAIN LATHAM & WATKINS
CARRINGTON, COLEMAN, SLOMAN & BLUMENTHAL PRICE WATERHOUSE
COOPERS & LYBRAND SIDLEY & AUSTIN
COVINGTON & BURLING STRAUSBURGER & PRICE
DAVIS POLK & WARDWELL SULLIVAN &CROMWELL
ERNST & YOUNG THOMPSON & KNIGHT
FIGARI & DAVENPORT VINSON & ELKINS
FRIED, FRANK, HARRIS, SHRINER & JACOBSON WACHTELL, LIPTON, ROSEN & KATZ
FULBRIGHT & JAWORSKI, L.L.P. WEIL, GOTSHAL & MANGES
GARDERE & WYNNE WINSTEAD SECHREST & MINICK P.C.
GIBSON, DUNN & CRUTCHER


INSURANCE
AIG MORTGAGE GUARANTY INSURANCE CORPORATION
CHICAGO TITLE & TRUST INSURANCE NATIONWIDE MUTUAL INSURANCE COMPANY
METROPOLITAN LIFE INSURANCE CO. UNITED SERVICES AUTOMOBILE ASSOCIATION (USAA)


CHAMBERS OF COMMERCE / REGIONAL PLANNING AGENCIES
AMARILLO ECONOMIC DEVELOPMENT CORPORATION GREATER HOUSTON PARTNERSHIP
AUSTIN CHAMBER OF COMMERCE HEART OF TEXAS COUNCIL OF GOVERNMENTS
FORT WORTH CHAMBER OF COMMERCE HOUSTON CHAMBER OF COMMERCE
FRISCO ECONOMIC DEVELOPMENT CORPORATION SAN ANTONIO ECONOMIC DEVELOPMENT FOUNDATION
TYLER ECONOMIC DEVELOPMENT COUNCIL, INC.

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