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IBM Applauds Congressional Action on Digital Trade

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IBM Applauds Congressional Action on Digital Trade
IBM Applauds Congressional Action on Digital Trade
Washington, D.C. (April 16, 2015) – IBM today welcomed the U.S. Senate’s
introduction of the Bipartisan Congressional Trade Priorities & Accountability Act with
the following statement:
"IBM is a strong and vocal supporter of the Trade Priorities & Accountability Act, which
is critical to ensuring America’s competitiveness in the global economy.
The bill
introduced today includes innovative new provisions designed to protect American
technology leadership in the 21st century. These include new trade disciplines that will
break down discriminatory market access barriers such as forced localization policies
and restrictions on cross-border data flows. Obstacles to digital trade are proliferating
around the world. If left unchecked, they could significantly undermine the ability of U.S.
companies to compete fairly in critical markets.
Cross-border data flows are the life blood of the worldwide digital economy. Their value
is staggering. In 2011, digital commerce enabled by the free movement of data
contributed $14 trillion to the global marketplace.
At a time when nearly all of the growth in the world’s IT market lies in areas dependent
on data flows, we commend Congress and the Administration for pursuing trade policy
that sustains and enhances data’s ability to power new innovations.
This bill is a critical step in preserving the transformative role of data, and in
strengthening America's economy and competitiveness. IBM will work tirelessly to
secure its passage in the 114th Congress, and we thank Chairman Hatch, Ranking
Member Wyden and Chairman Ryan for their leadership on this issue.
- Christopher A. Padilla, Vice President, IBM Government and Regulatory Affairs
###
Media Contact:
Adam R. Pratt
(202) 551-9625
[email protected]
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