The perception that the United States lags behind other countries, especially Asian nations, in exporting information technology deserves another look, according to a recent market report. The U.S. actually recorded a trade surplus in IT in 2011, partly as the result of international trade agreements, according to the TechAmerica Foundation.The value of U.S. exports in technology goods and services combined amounted to US$501 billion in 2011, versus imports valued at $496 billion, for a surplus of $5 billion. The trade status was based on the most recent year for tabulating all components involved in such trade.Those components include IT goods, IT services provided via cross-border trade with Mexico and Canada, and IT services arranged through foreign affiliates around the globe. Exports of goods have remained strong, moving from $198 billion in 2011, to $203 billion in 2012 and $205 billion in 2013.”The largest destinations for tech goods go to our closest trading partners, Mexico and Canada, which is a testament to the importance of free trade agreements to the American technology industry,” said Burak Guvensoylar, manager of government affairs at TechAmerica. “As the U.S. continues to negotiate robust 21st century free trade agreements, such as the proposed Trans-Pacific Partnership (TPP),… Read full this story
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