Friday, October 28, 2011

Chamber supports free trade agreements

The Chamber joined with a coalition of business groups in promoting the passage of three important U.S. free trade agreements (FTA) signed into law by President Obama this month. The coalition sent support letters to House and Senate leadership to advance trade agreements with Colombia, South Korea and Panama. The passage of these trade agreements will open important new export markets for Massachusetts companies in a variety of industries including technology and innovation sectors, by eliminating tariffs and non-tariff barriers to trade in goods and services; increasing regulatory fairness through improved transparency and accountability, and; providing strong protection for intellectual property.

The Chamber has long supported federal policies designed to expand Massachusetts companies’ access to international markets. This spring, the Chamber hosted a senior U.S. State Department official at a meeting of its public policy committees on the topic of building support for the three then-pending trade agreements. In addition, the Chamber has lobbied the Massachusetts Congressional delegation to support these and other proposed trade agreements in recent years in an effort to promote the region’s long-term growth and competitiveness in the global economy.

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