Half a century of progress toward the elimination of tariffs and quotas around the globe has generated prosperity in the United States and abroad. However, barriers created through regulation and compliance, which often circumvent existing bilateral and multilateral trade and investment agreements, threaten future progress.
Policy Areas of Focus:
In today’s economy, seamless digital connection and the ability to move information across borders are just as critical to global growth as capital flows across borders. However, a series of government policies cropping up around the world threaten the connectedness of the digital economy and have created new issues essential to trade in digital-enabled goods and services encompassing everything from the Internet of Things to intracompany cloud services.
Better Regulation & Cooperation
Smooth movement of goods and services across borders requires transparent, effective, enforceable, and mutually coherent regulatory systems that are risk based and science based, adhere to international best practices, and feature close collaboration among governments and their stakeholders.
Competition Policy & Antitrust
Trade policy is essential to opening markets to greater competition, whereas competition policy and antitrust enforcement are essential to the competitive operation of markets. Growth in new enforcement agencies has resulted in complications in clearing merger transactions and has ushered in divergent views on how best to protect competition in the marketplace, including the use of antitrust as a tool of industrial policy.
Investment policy should support open and competitive markets, but government action can distort investment flows and limit investment opportunities. The U.S. Chamber opposes policies that impede foreign investment, such as questionable regulatory reviews and caps on the amount of foreign direct investment allowed.
In many of the largest developing economies, state capitalism is an increasingly common tool for managing economic development, giving rise to state-owned companies and, in some cases, privately owned companies that retain close political influence and financial ties to their governments.