Rotary Golf 2024

Trade enforcement creates American jobs

by | Jul 15, 2020 | Opinion

Roughly one in four American workers has filed for unemployment since the pandemic began. To stem the historic tide of unemployment, policymakers quickly put together a series of legislative packages to help companies keep their workers on payroll.

An often-overlooked economic stimulus that requires no additional spending of federal dollars is trade enforcement. Virtually every country in the world has signed up to rules that require them to treat U.S. exports and U.S. companies fairly. If our trading partners would fulfill the commitments they have made and provide a level playing field for U.S. companies, U.S. companies could sell more products and services in those markets to boost American jobs.

Unfortunately, our trading partners often don’t play by the rules they agreed to. They subject U.S. companies to more regulation than their domestic companies. They block U.S. companies from operating freely in their markets to protect a domestic company from competition. Or they purposely undervalue or outright steal U.S. companies’ innovative ideas.

In fact, some of the worst trade violations involve other countries’ treatment of America’s intellectual property rights, the intangible yet incredibly valuable rights that protect the movies, music, software, medicines, and innumerable innovative products that Americans are so good at inventing.

Our country’s intellectual property assets total around $6.6 trillion. Intellectual property-intensive industries employ some 45 million Americans who earn about 46 percent more, on average, than their counterparts in other areas of the economy. These are the advanced industries of the future that will create jobs far faster than other sectors and are invaluable in our current economic crisis. Altogether, intellectual property theft sucks up to $600 billion out of the U.S. economy every year.

When Brazil, India, or South Africa fail to respect global copyright norms, set designers, studio musicians, engineers, programmers, and others in America lose out on work. When Canada, Japan, or South Korea refuse to pay anything more than a fraction of the fair cost of a medicine researched, developed, and sold by a U.S. company, that company can’t hire the next researcher to discover the next new medicine. And when Indonesia, Thailand, and Vietnam require companies to build costly local data centers, create new taxes on goods and services sold online, or block U.S. streaming companies from operating in their markets, these countries limit or block the opportunity of U.S. tech firms to win new customers abroad and hire more U.S. workers at home.

For these reasons, a broad coalition of business associations from across the economy has banded together to form the Alliance for Trade Enforcement. While we believe opening new markets is also important, we will focus our efforts on calling attention to longstanding barriers that are depressing U.S. job growth in key sectors of the American economy. We will advocate for the U.S. government to leverage existing trade agreements and the tools those agreements provide to force our trading partners to fulfill the commitments they have made to us to maintain a level playing field for U.S. companies.

By getting our trading partners to treat U.S. companies and U.S. investments fairly, as they have agreed to do, the Alliance for Trade Enforcement seeks to increase exports, support U.S. workers, and help grow the economy at a time when growth is so badly needed.

This piece originally ran in the International Business Times.

For more stories like this, see the July 15 issue or subscribe online.

By Brian Pomper, executive director of the Alliance for Trade Enforcement

Subscribe RH Love

0 Comments

Order photos

Related News

Aisle be seeing you

Aisle be seeing you

As a child growing up in Ashdown, Arkansas, we had two main grocery stores. Shur-Way and Piggly Wiggly. Or as my dad called it, “Hoggly Woggly.” A trip to the store was like each TV commercial had come to life. Advertising agencies at the time were very good at what...

read more
‘Aggressive’ hurricane forecast for Gulf Coast

‘Aggressive’ hurricane forecast for Gulf Coast

Colorado State University researchers are calling this year’s hurricane season forecast “the most aggressive” ever, the Texas Standard reported. They say there is a 54% chance a hurricane will strike the Texas coast, and a 25% chance it will be major. Justin Ballard,...

read more
Fixer Uppers

Fixer Uppers

Recently, I saw something I haven’t seen in many years. A young man driving a car he was fixing up. It was an older Mustang. By older I mean a 90’s model. The car had spots of primer, there were a few dents, and the exhaust system appeared to be loose. By John Moore...

read more
Solar eclipse means big money to Texas

Solar eclipse means big money to Texas

One economist is calling it “the most profitable 22 minutes in Texas history,” according to the Texas Standard. The total solar eclipse on Monday, April 8 is expected to draw up to a million visitors to the Lone Star State, especially in its narrow path of totality....

read more
Texas counties among nation’s fastest growing

Texas counties among nation’s fastest growing

Recent estimates from the U.S. Census Bureau indicate that six of the 10 fastest-growing counties in the United States from 2022 to 2023 were in Texas. According to the Texas Tribune, Kaufman County, just east of Dallas, led the list with a 7.6% increase in new...

read more
Read this. Build a stronger community.

Read this. Build a stronger community.

Saddened. Embarrassed. Determined. These three words evoke distinct feelings and emotions.  In the context of an opinion piece we ran in the paper four and a half years ago, they described the aftermath of a community that lost its newspaper. After 130 years in...

read more
Largest wildfire in state history still raging

Largest wildfire in state history still raging

A wildfire in the Texas Panhandle has consumed more than 1 million acres and as of Sunday was just 15% contained, according to the Texas A&M Forest Service. It is the largest wildfire in Texas history. The Smokehouse Creek Fire is by far the most extensive of...

read more
Pet ownership: A lifetime commitment

Pet ownership: A lifetime commitment

He was crossing the road. Over and over. I was surprised someone hadn’t hit him with their car. I was also surprised the coyotes hadn’t gotten him. It was 9 o’clock at night and according to the residents of the small strip of country road, he’d been out there for a...

read more
Pitch made for new power plants

Pitch made for new power plants

Lt. Gov Dan Patrick joined with the world’s largest investment firm to pitch investors on building natural gas power plants in Texas at a summit held last week in Houston. Patrick and BlackRock CEO Larry Fink shared the stage as they attempted to persuade investors to...

read more
Order photos