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The Facts about International Trade and Texas:
More than 95 percent of the world’s consumers live outside of the U.S.
The state of Texas has been ranked the number one state for U.S. exports 13 years in a row, totaling $289 billion in 2014 alone.
In our area, we export 25 percent of the pork, 50 percent of the wheat, 90 percent of the cotton, and 90 percent of the harvested sorghum.
It’s not just important for agriculture, though. Many other kinds of businesses owned by folks in our communities depend heavily on overseas sales.
According to the Texas Comptroller of Public Accounts, more than 26,000 companies exported goods from Texas in 2008, and 92 percent of those – 24,294 companies – were classified as small and medium-sized businesses with fewer than 500 employees.
Anytime Congress considers any trade agreements and other measures, growing the economy, creating jobs, and improving the standard of living here at home through constitutional means will be my chief considerations.