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National Foreign Trade Council

From Wikipedia, the free encyclopedia

Founded in 1914, the National Foreign Trade Council (NFTC) is a United State of American (US) government-funded trade association that advocates for an open, rules-based international trade system.[1] Its stated goal is to serve its hundreds of member companies by providing them with services and support related to international trade policy and international tax policy.[2] The NFTC is headquartered in Washington, D.C., and its current president is Jake Colvin.

History

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The organization was founded in 1914, by resolution of the first National Foreign Trade Convention. James A. Farrell, the then President of US Steel, was the organization's inaugural chairman.[3] The NFTC's early activities were focused on trade with Caribbean and Latin American partners, which evolved to negotiations of funding agreements.[4]

Activities

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The NFTC develops and advocates trade and export finance policies that maximize the competitiveness of its member companies in the global marketplace.[5] After the NFTC filed suit, the Massachusetts Burma Law was struck down by the U.S. Supreme Court in Crosby v. National Foreign Trade Council.

The NFTC currently addresses topics such as investment, tax and export finance, and human resource management.[6]

References

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  1. ^ "About Us". www.nftc.org. Retrieved 2022-02-16.
  2. ^ "About Us". www.nftc.org. Retrieved 2022-02-16.
  3. ^ "Collection: National Foreign Trade Council (NFTC) records | Hagley Museum and Library Archives". findingaids.hagley.org. Retrieved 2025-05-24.
  4. ^ "Collection: National Foreign Trade Council (NFTC) records | Hagley Museum and Library Archives". findingaids.hagley.org. Retrieved 2025-05-24.
  5. ^ "Trade Policy". National Foreign Trade Council. Retrieved June 21, 2013.
  6. ^ Konopasek, Alice (2020-06-25). "National Foreign Trade Council". NAFEM. Retrieved 2025-05-24.
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