ITI Reiterates Benefits of Digital Trade; Urges Congress, Biden Administration to Act
WASHINGTON – Given that the United States is a global leader in innovation and data-driven products and services, the U.S. economy and middle-class benefit greatly from digital trade. ITI President and CEO Jason Oxman reiterated the economic benefits of digital trade to the innovation economy on behalf of the tech sector in a new statement today:
“The U.S. digital economy employs over 8 million Americans and accounts for 10 percent of U.S. GDP. Yet, a small group of members of Congress ignore those benefits to the U.S. economy – ranging from supporting middle-class jobs to enabling growth for small- and medium-sized businesses – in their letter. The Biden Administration, with Congress’ support, should be aggressively pursuing trade agreements that establish U.S. economic and diplomatic leadership on the world stage. Rather than attack companies that are growing the U.S. economy, members of Congress who are concerned about protecting consumer data should heed our call and act on comprehensive, federal privacy legislation.”