Hearing on Trade Barriers Facing U.S. Companies in the Digital Trade
On November 8, 2010, the Senate Finance Committee’s International Trade, Customs and Global Competitiveness Subcommittee held a hearing on “International Trade in the Digital Economy.” During this hearing, various witnesses described trade barriers faced by U.S. technology companies, including secret regulations, licensing standards, etc. Subcommittee Chairman Wyden noted that as U.S. technology firms create and expand the global market for digital products, foreign governments are increasingly resorting to discriminatory measures against U.S. technology and content providers.
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Subcommittee Chairman Wyden further stated that the Senate Finance Committee standards ready to improve enforcement of current trade agreements, like the General Agreement on Trade in Services and, if necessary, help reshape them to reflect the challenges currently facing U.S. technology companies. Witness testimony available here.