NAM strikes back at ‘puppet’ criticism
Nov 22, 2006 | 10:45 AM
| Rory Carroll
The National Association of Manufacturers (NAM) has shot back at criticism that it has become a puppet organization for large, multinational companies and cast aside the concerns of smaller, domestic manufacturers.
NAM members, including steel associations, were openly critical of the NAM's board of directors for voting not to support legislation introduced by Rep. Duncan Hunter (R., Calif.) and Rep. Tim Ryan (D., Ohio) that seeks to add currency manipulation to the list of offenses actionable under U.S. trade laws.
The NAM said it is committed to addressing China's undervalued currency but the Hunter-Ryan legislation simply won't do that. Plenty of small and medium-sized companies also voted against supporting the legislation, which had many problems, Patricia Mears, NAM's director of international commercial affairs, said. "The board has never backpedaled on the issue of China's currency manipulation," she said.....
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