Intel Public Policy: Trade
Intel supports trade agreements and rules that facilitate general commerce between countries and expand the high-tech industry’s access to growing world markets.
The semiconductor industry is global with regard to its supply chain, markets, research and development, and workforce. Intel has approximately 85,000 employees, 300 facilities in 50 countries, and business activities spanning over 100 countries. Rapid and cost-effective movement of people, products, equipment, and ideas across international borders is critical to our industry. But trade is not just a border issue. National legal systems that are transparent, predictable, non-discriminatory, and which minimize non-tariff barriers also foster fair and open trade. Open trade enables the dissemination of technology at the lowest cost possible, helps bridge the digital divide, and thus benefits consumers and economies universally.
To achieve these objectives, Intel works proactively to support the development of free trade agreements (FTAs) on a worldwide (via the World Trade Organization or WTO), regional (for example, the Central American Free Trade Agreement), and bilateral (for example, the pending U.S./Korea FTA) basis. Such FTAs improve Intel’s access to markets around the world by eliminating tariffs on products, increasing intellectual property (IP) protections critical to innovation and investment, and ensuring a more open and transparent regulatory and standards environment necessary for long-term success.
The benefits of WTO trade rules and other FTAs are clear. Studies have shown, for example, a significant increase in exports and related job growth between FTA countries vis-à-vis non-FTA countries. Other studies have shown that weak IP systems not up to par with WTO standards impair trade and inhibit both local innovation and foreign direct investment.
Read the full Trade Public Policy.