According to a study from Business Roundtable, more than 40 million U.S. jobs were dependent on international trade in 2018. That number, according to the roundtable, represented one in five pre-pandemic jobs and two times as many jobs as prior to the North American Free Trade Agreement coming into force in January 1994.
The study – prepared by Trade Partnership Worldwide and published Oct. 5 – analyzed the latest-available employment and trade data from 2018. According to the report, more than 647,000 jobs in agriculture, forestry and fishing were related to trade in 2018.
“To meet the public health and economic challenges from COVID-19, trade and effective trade policy can restore many trade-related American jobs and accelerate economic recovery,” the report stated. “Thus, policymakers and others seeking to create new jobs for unemployed Americans should focus on harnessing the opportunities afforded by trade policies, negotiations and programs that increase America’s participation in the international marketplace.”