CCIA Looks Forward To Approval of Trade Agreements

BY CCIA Staff
October 3, 2011

The Computer & Communications Industry Association welcomes the news that the White House is sending the trade agreements with Korea, Colombia and Panama to Congress for approval.

As the leading export industry of the U.S., the high-tech sector in particular benefits greatly from expanded trade.  CCIA has continued to support these agreements, especially the Korea free trade agreement, which would become the second largest FTA (after NAFTA) implemented by the United States.

The agreement with Korea includes electronic commerce provisions and government procurement provisions and would contribute toward the National Export Initiative goal of doubling U.S. exports over five years.

The following statement can be attributed to CCIA President & CEO Ed Black:

“We hope that a strong bipartisan vote here for economic expansion will be the first step in restoring the bipartisan free trade consensus that once existed in Congress.

“The agreement contains provisions that would expand market access for the technology industry to a major trading partner. The U.S. International Trade Commission estimates the Korea FTA’s implementation would increase U.S. GDP by up to $12 billion.

“CCIA looks forward to swift approval of the agreement, thereby revitalizing the U.S. trade agenda, and demonstrating the U.S.’s continued commitment to free trade and open markets, as well as its continued commitment to engagement with Asia, an increasingly important region for high tech trade.

“Votes on trade have been politically challenging lately, though in the past Congress typically united on foreign policy issues that benefitted the country as a whole economically. It is particularly important to take this step because in the five years since these treaties have been pending, other nations have stepped forward with trade agreements. US companies risk falling further behind if our country does not enact its trade agreements.

“With competing agreements such as Korea-EU and Colombia-Canada, which recently took effect, any further delay in enacting our FTAs would lead to a direct ceding of market share.  Our trade stalemate has gone on long enough.”

Related Articles

Industry Outlines Digital Trade Recommendations on U.S.-Brazil Trade

Sep 10, 2020

Washington – The Computer & Communications Industry Association joined 8 organizations in a letter to top United States and Brazilian trade officials recommending priorities for ongoing trade dialogues that will advance digital commerce between the two countries.  The letter encourages “the development of strong, rules-based commitments necessary to deepen the U.S.-Brazil bilateral trade and investment…

CCIA Responds To Draft Australian Regulations Aimed At US Tech Companies

Jul 31, 2020

Washington —  The Australian government has announced that the Australian Competition and Consumers Commission (ACCC) has released its draft Mandatory News Media Bargaining Code of Conduct that regulates digital platforms´ commercial relationships with Australian media companies. The Australian Government has decided that these new regulations will only be applicable to Google and Facebook. The Computer…

EU Top Court Strikes Down Privacy Shield, CCIA Calls for Urgent Legal Certainty and Solutions

Jul 16, 2020

Brussels, BELGIUM — The European Court of Justice (CJEU) issued a landmark ruling today that invalidates Privacy Shield, a key legal mechanism which thousands of companies use to transfer commercial data from the EU to the United States. The CJEU ruled that the Privacy Shield decision does not comply with EU law. Among other things,…