Over the last decade, American exports to the Asia-Pacific region have steadily increased. Great, right? But over that same period, our share of the rapidly growing Asia-Pacific market has declined by about 43%. This “shrinking slice” has cost the U.S. economy hundreds of billions of dollars in trade and untold numbers of jobs.
This infographic illustrates how, in 2020 alone, leading Asia-Pacific economies will import almost $10 trillion in goods – expanding the economic pie and creating enormous opportunities for American exporters and workers.
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