WASHINGTON – Investment in technologies and the opening of markets abroad are at the core of a new policy for manufacturing issued by the Obama administration this week.  

Among the components of the proposed policy are to provide workers the opportunity to gain needed skills; investment in technologies and business practices; the creation of efficient capital markets for investment; transition aid; transportation infrastructure investment; an improved business environment; and market access and fairness in foreign markets.

Toward the latter, the policy includes many trade-related provisions, including opening foreign markets, enforcing trade agreements, reviewing export control regulations, and promoting exports.

The document asserts that through “sound government policy,” US manufacturing could see momentous growth.

The Small Business Administration also is taking on programs to support manufacturing exporters: training modules; awareness campaign; business outreach; encouraging trade financing; protecting IP; revising tax breaks; reducing trade deficit, and expanding adjustment assistance.