Push Free Trade Into the Spotlight
The consumer electronics industry understands just how important free trade is to our country’s continued economic growth and prosperity. It is through free trade agreements that we can gain greater access to other markets by keeping harmful tariffs down and, in turn, create more opportunities for American workers and companies. Better and more open relationships in the global market also lead to improved intellectual property rights, standards and increased transparency. Yet, many American still view free trade as a negative—even detrimental—approach to economic policy.
To combat these misconceptions, the Consumer Electronics Association (CEA) spent the summer spreading the word about why free trade is beneficial to the U.S. economy, specifically to those of us in the consumer electronics industry.
During its “America Wins With Trade” bus tour, CEA visited the Neat Receipts office in Philadelphia. Jason Oxman, CEA’s senior vice president, spoke about the many misconceptions about free trade among the American public and how the issue is viewed as something that will pull jobs and money away from our nation. In reality, though, the opposite is true. Oxman pointed out that Americans should not view the global economy as something they must win. Instead, a better measurement of success could be creating a level playing field across the globe, which would actually open more opportunities for American workers and create new markets.
The logic of free trade is based on specialization. If Country A, for example, is better at writing software and Country B is better at developing hardware, then each gains by specializing in what they do best.