More than 70 percent of the world’s purchasing power and nearly 95 percent of consumers live outside the United States.
As the global supply chain becomes increasingly more interconnected, international trade is becoming a larger part of the market share for businesses of all sizes. Trade agreements and technological advancements are opening up new markets to exports. In Washington, both parties are calling for tougher, more modern approach to free trade agreements—one that emphasizes IP, currency, and labor provisions that have a disproportionate effect on American manufacturers, services firms, and tech companies. With NAFTA under re-negotiation, KORUS under review, and new trade deals with Japan and the UK underway, local business leaders have an extraordinary opportunity to influence the next generation of trade laws.