Did you know that land-locked Utah is a trade surplus state, to the tune of $4 billion annually, and the ninth best for export growth? International trade is very good for Utah and the state’s economy wouldn’t be nearly so robust without it.
That’s the message World Trade Center Utah (WTC Utah) President and CEO Derek B. Miller hopes Utah business, government, education and civic leaders remember as the national debate becomes increasingly vitriolic and isolationist regarding trade agreements like the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (T-TIP). He says the countries included in these two trade agreements account for 64 percent of the world’s GDP and adds, “These two agreements are important for the U.S. and especially important for Utah because the state has a competitive advantage in many of the industries that could become more accessible to Utah companies.”
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