Free & Fair Trade
The Los Angeles region is the nation’s largest metropolitan export market, and one of the largest recipients of foreign direct investment.
According to several studies, workers in international trade-related jobs earn higher salaries than counterparts in other sectors of the economy. According to a report by the Brookings Institution, local exports directly account for over 300,000 local export production jobs, and directly support another 227,000 jobs throughout the nation. The Chamber estimates that thousands of workers are being employed by foreign subsidiaries with commercial and industrial presence in the region.
One of the primary objectives of the Global Initiatives Council is the creation of jobs through expanding global trade and investment.
We encourage the White House, U.S. Congress and the U.S. Trade Representative to support the negotiation of fair and free trade agreements to increase employment through expanding international trade and investment.
- Earnestly continue the Trans-Atlantic Trade and Investment Partnership (TTIP) Agreement negotiations with the European Union with the objective to successfully conclude a mutually acceptable agreement as soon as possible.
- Support and play a leading role in the negotiations for the World Trade Organization (WTO) International Service Agreement that will expand market access for our service sectors.
- Support and conclude negotiations for the WTO Information Technology Agreement to increase the scope of duty-free IT products.
- Successfully reach agreement on bilateral investment treaties with China and India.
- Support the full implementation of current free trade agreements and ensure the effective monitoring and enforcement of our trading partners’ obligations.
>> READ MORE