“The world is becoming more interconnected by the day… The only question is: Are we going to shape globalization, or are we going to be shaped by it.”
This was the overarching theme of Monday’s lunch meeting with U.S. Trade Representative Michael Froman. The lunch was held at Denver’s Brown Palace Hotel and attended by a group of local business leaders, international trade experts, government and civic leaders. Froman discussed the current negotiations of the Trans-Pacific Partnership agreement in the Asia Pacific and the Transatlantic Trade and Investment Partnership with the European Union.
Froman also focused on how important exporting is to both the U.S. and Colorado’s economy.
“Following the 2008 financial crisis… American exports were an important engine of growth in the United States, helping keep businesses big and small alive while demand elsewhere slowed to a halt,” he stated. “Since then, fully one third of our economic growth has been driven by exports.”
With the U.S. relying on exports for economic growth, these two free trade agreements are extremely important. “Taken together, that will put the U.S. at the center of a free trade area that covers two-thirds of the global economy,” Froman claimed.
Froman also said that these free trade agreements and existing agreements will make the “U.S. the place where companies want to make things, both to serve the U.S. market, but also to export to the rest of the world.”
The Brown Palace luncheon was hosted by the World Trade Center Denver and the Colorado Office of Economic Development and International Trade.
To read more about the meeting and Ambassador Michael Froman, click here for the full story.