Trade policy still matters to GE — and every other U.S. company looking to win customers and orders in a global marketplace.
From time to time, I get asked why GE cares so much about free trade. GE is one of the world’s most global companies. Aren’t we so big that we can work around costly trade barriers? Isn’t our technology so competitive that we can withstand other countries’ attempts to unfairly favor their homegrown companies?In an address to the Center for Strategic and International Studies, the vice president and senior counsel for GE’s Global Government Affairs and Policy outlines the importance of infrastructure investment.
In 2011, 60 percent of GE’s sales were outside the U.S, representing a three-fold increase in exports over the last 10 years. In order to compete, GE must grow both in the U.S. and globally. It’s the only way.
The fact is, when we are able to compete by doing things well all around the globe, we create jobs and value here in the United States and all over the world.