Since CCIA was founded four decades ago, support for free and open markets has been a core principle of the association. CCIA recognizes that free trade advantages all nations, as they can focus on production of goods and services most suitable to their resources and workforce. Moreover, as the leading export industry of the U.S., the high-tech sector in particular benefits greatly from expanded trade. A recent McKinsey study has shown that the Internet is a multiplier, with 75% of its benefits conferred on traditional industries. A vibrant high-tech sector also benefits our economy generally.
CCIA continues to promote expanded trade and market access for high-tech exports through the abolition of tariffs and non-tariff barriers. CCIA has long believed that comprehensive multilateral negotiations at the WTO should be the forum for expanding free trade. However, with the protracted stalemate of the Doha Round, we acknowledge the value of pursuing bilateral and regional agreements as well.
CCIA believes there is an urgent need to update the international trade system to reflect the reality of a globally networked world. Increasingly, businesses, especially small and medium-sized enterprises, rely on Internet services to connect with customers and sell their products. Internet services are what create economic and productivity multipliers for such products as computers, smartphones and tablets. The global trade apparatus must extend to embrace the Internet and the new business models and supply chains it has enabled.