CEA's Shapiro on the Campaign, Trade and More
NEW YORK- The Consumer Electronics Association’s president and CEO, Gary Shapiro, applauded the “precedent-setting and innovative digital campaign” waged for the presidency by Barack Obama, and urged the president-elect to “focus on strengthening the economy,” with an emphasis on increasing product exports and on opening foreign markets.
“I hope he’ll work at pending free-trade agreements,” said Shapiro, alluding to the Colombia free-trade agreement as one example in remarks at a pre-CES press preview event Tuesday in New York City.
Shapiro called the Chapter 11 bankruptcy declaration made Tuesday by Circuit City “sad, on a personal level, but competition is a mainstay of the industry... The fall of Circuit City is hurtful to major companies, and there is not a great history of emergence from Chapter 11 among retailers. Ours is an industry of change, but the industry will go on. The Number One impact short term is job loss, and the general impact is that there will be holes for other retailers to fill. ”