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NAFTA and Other Trade Talks Will Decide the Future of American Tech Companies

Posted November 28, 2017

Under Economic Issues, International Trade Issues

(Stefanie Holland/CompTIA via Washington Examiner)

The digital revolution is transforming how companies trade. Digital commerce has allowed small businesses to sell globally, enabled larger companies to accelerate innovation, and driven growth and job creation in every sector of the economy.

On the heels of President Trump’s 12-day trip through Asia, and as U.S., Canadian, and Mexican negotiators convene for the fifth-round negotiations to update and modernize NAFTA, it is critical that the United States continue to strengthen alliances to ensure a level playing field for U.S. tech companies as they sell abroad.

U.S. companies are being threatened by many countries who seek to restrict digital trade, either to protect their own industries from competitors or to address other policy goals. For example, countries such as China, Russia, India, and others are imposing regulations on the movement of data or seeking access to the inner workings of America’s innovation secrets as they build up their technology sectors. U.S. companies need to be able to reach the fastest-growing parts of the world and not be compromised by the risk that their intellectual property will be stolen for competitive gain by another country. Click here to read more.