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Statement From Technology CEO Council Executive Director Bruce Mehlman Regarding the Trans-Pacific Partnership Agreement

Published Tuesday, November 10, 2015

 

WASHINGTON, DC – The Technology CEO Council (TCC) executive director Bruce Mehlman issued the following statement today regarding the successful conclusion of the Trans-Pacific Partnership (TPP) negotiations:

“In today’s global economy where data, goods and people cross borders with regularity, a level playing field is essential to the success of American workers and innovators. TPP establishes a framework for digital trade in the 21st century and will ensure that U.S. information technology entrepreneurs remain competitive in all the TPP countries.

Of special significance are the TPP’s rules preserving the free flow of information across borders and banning forced localization of computing and data facilities. The Agreement also eliminates import taxes – some as high as 35 percent -- on U.S. information and communication technology exports, including smart phones, routers and computers.

This agreement boldly addresses the 21st century challenges limiting U.S. growth and global competitiveness. Its passage and implementation are critical to maintaining American information technology leadership and ensuring a fair global market based on competition and innovation. The Tech CEO Council strongly supports the TPP Agreement and is committed to working with the Congress and Administration to quickly move it forward under the TPA’s approval process.”

About Technology CEO Council The Technology CEO Council has focused on public policy initiatives related to U.S. competitiveness and innovation for more than 25 years. Specifically, TCC is working to advance the following: bolstering our physical and digital infrastructure to support breakthrough innovations and efficient, effective government; comprehensive tax reform that encourages inclusive growth, global investment and U.S. job creation; trade agreements that give global consumers access to global entrepreneurs; and, new immigration and education policies that both attract the high-skilled workers we need to create new businesses and ensure the best and brightest can thrive in the United States. For more information about TCC, visit www.techceocouncil.org.