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Federal Leaders Discuss International Trade

Community and business leaders gather in Stamford

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Stamford, CT | Added on May 08, 2015 At 09:00 AM

International Trade policy was the topic Thursday at a meeting in Stamford attended by Congressman Jim Himes, Assistant Secretary of the U.S. Department of Commerce Marcus Jadotte, and local business leaders. The White House Business briefing, held at the Innovation Center downtown, focused on how foreign trade agreements impact Connecticut companies. According to the Department of Commerce, exporting supports $75,000 jobs in the state. Himes says Fairfield County alone produces half of Connecticut’s exports.

The hot topic of Thursday’s discussion was the Trade Promotion Authority, legislation recently introduced to Congress that would give the green light for certain trade agreements. One of those agreements currently in negotiations is the Trans-Pacific Partnership, involving countries in the Asia-Pacific region. Jadotte says it’s a great opportunity for American businesses to trade in the region. But not all legislators are sold. Himes says he needs more insight on the real impact this will have on the state’s economy before making a decision.

Organized by the Business Forward, the event is one in a series to be held across the country to help business leaders brief officials on how international trade policy affects their bottom lines. 

 


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