Tuesday, August 30, 2016
1012 C Street  •  Floresville, TX 78114  •  Phone: 830-216-4519  •  Fax: 830-393-3219  • 

WCN Site Search


Preview the Paper Preview the Paper

Preview this week's Paper
A limited number of pages are displayed in this preview.
Preview this Week’s Issue ›
Subscribe Today ›

Lost & Found


VideoFriendly Boxer, her name is "ZOE". CR225/CR226, Poth area. Reward for safe return call 210-887-9522.
*Includes FREE photo online! mywcn.com/lostandfound
Lost: Female German Shepherd, Aug. 13, Oak Hollow and Hwy. 87, La Vernia, mostly black with tan on legs, white on chest. Reward for safe return, call 210-296-1183.
More Lost & Found ads ›

Help Wanted

Commercial Construction Superintendent. Accepting resumes for a Commercial Construction Superintendent with a minimum of 5 years experience. We are an established General Contractor based out of Pleasanton,Tx doing a variety of projects including ground-up new construction in the medical, financial, and retail sector, as well as remodels and interior finish outs. Duties and Responsibilities: Maintain a safe and clean job site, Schedule all activities, Ensure adherence to plans, schedule, and specifications, Provide daily progress updates, Provide attention to the Company’s expected commitment to quality. Required Qualifications: 5 years + of commercial construction experience, Must be familiar with all facets of building construction, Must be able to organize and manage all subcontractors and entire project from beginning to completion, Be able to work independently, Must have a valid Driver’s License and Social Security card. Email cover letter, resume, and salary requirements to: Webuild@wellsbuilds.com.
Service Technician Assistant. Job description: Assist technician in propane tank installation, gas piping, shop work and repairs. Paid training, paid uniform, family insurance (medical and dental), paid holidays and vacation. Will need to pass a physical, background check, and drug/alcohol test. Call Kathleen, 830-393-2533, Smith Gas Company.
More Help Wanted ads ›

Featured Videos





Video Vault ›

Commentaries


The Economist: What Free Trade Agreement means to Texas




E-Mail this Story to a Friend
Print this Story

Disclaimer:
The author of this entry is responsible for this content, which is not edited by the Wilson County News or wilsoncountynews.com.
Dr. M. Ray Perryman
February 20, 2013 | 3,021 views | Post a comment

The Potential Economic Benefits for Texas of a Free Trade Agreement between the United States and the European Union

Import and export activity is an essential aspect of optimizing economic performance. By allowing each nation to focus resources on those goods and services where it has a competitive advantage and import other products, foreign trade helps improve business conditions and quality of life around the globe.

From the beginnings of such exchanges centuries ago, there have been tariffs, quotas, and other impediments to free trade. Over time, many of these have been eliminated through free trade agreements. It is a widely accepted economic principle that free trade is beneficial from both the import and the export side, and additional efforts to enhance exchange are worthy of consideration. While the world has become highly integrated and complex, with extensive intra-industry trade in addition to that between sectors, the basic principles remain in place.

The Perryman Group was recently asked to examine the potential impact of a Transatlantic free trade agreement between the United States and the European Union on business activity in Texas. (You can access the full report on our website at www.perrymangroup.com.) This analysis revealed that the state would likely see significant economic benefits, with additional potential gains stemming from productivity enhancements and efforts to eliminate non-tariff barriers to trade.

The volume of trade between the United States and the European Union has risen markedly over the last decade, and Texas has significant trading relationships with many EU countries. In fact, five of Texas’ top 20 exporting countries are EU members (Netherlands, Belgium, United Kingdom, France, and Germany). In 2012, Texas exports to these countries totaled over $24.5 billion. Five of the top 25 countries from which Texas imports are EU countries including Germany, United Kingdom, France, Italy, and Netherlands. Texas’ imports from these countries in 2012 were almost $19.9 billion.

Eliminating tariffs on goods traded between the United States and the European Union would lead to an expansion in international commerce. In addition, there are typically efficiencies gained when costs and barriers to trade are reduced and industries optimize production patterns. A Transatlantic free trade agreement has the potential to enhance the economic performance of all of the countries involved, and Texas would realize a significant portion of the gains.

If all tariffs are removed on goods traded between the United States and the European Union, we estimate that the potential gains in business activity in Texas include $9.1 billion in output (gross product) each year and 89,600 permanent jobs (measured as of 2020 to allow time for market adjustments, but in constant dollars to account for the effects of inflation). Even if tariffs are eliminated, however, there are still impediments such as excessive or inconsistent regulation or complex customs processing.

Full removal of non-tariff obstacles is not possible due to a variety of internal policy, precedents, contractual commitments, and other factors. Nonetheless, working toward reducing such constraints has the potential to further enhance economies on both sides of the Atlantic. If half of non-tariff barriers are eliminated in a harmonized manner, we estimate that economic benefits for Texas in 2020 would include $17.0 billion in gross product (representing more than 0.8% of expected aggregate output at the time), and $11.0 billion in personal income every year, as well as 166,400 jobs. This additional activity generates significant tax receipts of some $581.4 million for the State and $344.1 million for various local taxing authorities.

Clearly, a Transatlantic free trade agreement between the United States and the European Union would lead to sizable gains for the economies of all nations involved. Given the strength of Texas’ trading relationships with EU countries and volume of export/import activity, the Lone Star State would certainly benefit.

Dr. M. Ray Perryman is President and Chief Executive Officer of The Perryman Group (www.perrymangroup.com). He also serves as Institute Distinguished Professor of Economic Theory and Method at the International Institute for Advanced Studies.
 
‹ Previous Blog Entry
 

Your Opinions and Comments


Be the first to comment on this story!


You must be logged in to post a comment.




Not a subscriber?
Subscriber, but no password?
Forgot password?

Commentaries Archives


Commentaries
Commentaries page govtrack.us
Commentaries who represents me?
Voncille Bielefeld homeAllstate & McBride RealtyHeavenly Touch homeTriple R DC ExpertsFriesenhahn Custom Welding

  Copyright © 2007-2016 Wilson County News. All rights reserved. Web development by Drewa Designs.