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Global Trade & Sourcing

Economic growth through trade and investment is an essential element in the past and future success of American workers and employers. Access to global markets enables our companies to (1) make substantial investments in research, capital plant, worker training, and education here at home, (2) increase U.S. productivity through innovative products and processes, and 3) generate new jobs, firms and ideas that are key to maintaining the pre-eminence of the U.S. IT industry.

Technology CEO Council member companies sell, on average, more than 60% of our goods and services outside the US., percentages expected to grow as the result of global growth projections for the next decade. To continue leading the world in innovation and growing our companies in the U.S., we need access to these new and growing markets.

Global trade and investment also promotes American security, both by improving relations with trading partner nations and by reducing global poverty and inequity (and thus mitigating the conditions that give rise to conflict and terrorism).

Chief among the actions needed by policymakers at this time are aggressive efforts to open both new and currently-closed markets to American goods and services. Trade agreements are the tools we use to open markets to U.S. IT goods and services and the Technology CEO Council is committed to working with Congress and the Administration to further these objectives. Policymakers also need to ensure consistent enforcement of trade agreements against tariff and non-tariff trade barriers. And policy leaders in both parties need to avoid the kind of protectionist rhetoric that leads to trade wars and dissuades other nations from dealing with American companies and trade negotiators.

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