Chairman Terry, Ranking Member Schakowsky, members of the Subcommittee, thank you for the opportunity to testify today. I am
ITI's member companies span the information and communications technology (ICT) industry: infrastructure, computer hardware, software, telecommunications, consumer electronics, and IT, e-commerce and Internet services. This technology is essential to every sector of our nation's economy, and enables individuals of every age and ability to improve their quality of life.
Among ITI's highest priorities are global policies that advance technology and innovation, promote open markets, rely on market-based solutions, protect intellectual property, and develop and advance the use of global, voluntary standards. Unfettered market access is critically important to our ability to sustain U.S. technology leadership here and abroad. Even though there is already substantial trade between
FOSTERING COMPETITIVENESS, GROWTH, AND JOBS THORUGH DIGITAL TRADE
As the digital trade becomes an even more fundamental element of the global economy, provisions to support the development and growth of ICT services, cloud computing, and e-commerce are critical if both sides of the Atlantic are to fully realize our shared potential in terms of investment and new business and job creation.
Digital trade, investment, and business and job creation are coming from a number of sources, a few of which are important to highlight here, namely, ICT services and cloud computing.
The ICT sector provides the infrastructure and technology that enable cross-border delivery of services for a number of sectors, ranging from financial services, and express delivery and retail -- just to name a few. Growth in transatlantic services trade will not only benefit ICT service companies, but will also benefit manufacturers of ICT infrastructure and platforms, which allow for the fast and efficient delivery of services. To maximize the economic potential of ICT services, providers should have the freedom to choose the most efficient, cost-effective mean to deliver the services, e.g., through cross-border delivery or via a commercial presence. As these companies gain greater market access, U.S. high-tech companies will benefit by supporting their transatlantic operations.
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