We seek business clarity on digital trade and the preservation of open markets.
Global trade meant the exchange of physical goods like steel and lumber for decades, but now more of these goods are digital.
In 2016, U.S. exports of ICT-enabled service exports, not including digital goods, totaled $404 billion. (Source: U.S. International Trade Commission, Global Digital Trade 1: Market Opportunities and Key Foreign Trade Restrictions, Publication Number: 4716, Investigation Number: 332-561, August 2017) The U.S. had a trade digitally-enabled service surplus with Europe of $74 billion with $185 billion of exports and $111 billion in imports.
Internet infrastructure services have created unparalleled access to goods, information, and services, providing a level playing field for businesses around the world to access global markets. (Source: Pg 25, AmCham, “EU THE TRANSATLANTIC ECONOMY 2018 – Annual Survey of Jobs, Trade and Investment between the United States and Europe”)