Washington, D.C. — TechNet, the national,
bipartisan network of innovation economy CEOs and senior executives, today
reiterated its call for congressional passage of the Trans-Pacific
Partnership (TPP). This comes in the
wake of a new report by the U.S. International Trade Commission that examines
the impact of TPP on sectors of the economy.

“This new report highlights the need for
Congress to approve the Trans-Pacific Partnership,” said Linda Moore,
President and CEO of TechNet. “While
we need to review the report in detail, we continue to believe that our
nation’s ability to be the global technology leader is dependent on access to
the fastest growing markets in the world and the uninhibited flow of data
across borders.”

“The U.S. is home to 4.5 percent of the
world’s population. We need access to
the other 95.5 percent. This is
particularly important because trade now is primarily digital.”

TPP was negotiated between the United States
and 11 Pacific Rim trading partners. TPP
makes key improvements to international agreements around:

  • Preventing data localization
  • Prohibiting digital customs duties
  • Supporting cross-border data flows
  • Sustaining cybersecurity and encryption
  • Barring forced technology transfers

About TechNet
TechNet is the national, bipartisan
network of technology CEOs and senior executives that promotes the growth of the
innovation economy by advocating a targeted policy agenda at the federal and 50-state
level. TechNet’s diverse membership includes
dynamic startups to the most iconic companies on the planet and represents more
than two million employees in the fields of information technology, e-commerce,
advanced energy, biotechnology, venture capital, and finance. TechNet has offices in Washington, D.C., Silicon
Valley, Sacramento, Seattle, Boston, and Austin.