CEA Applauds President Obama for Signing Free Trade Agreements

ARLINGTON, Va.--(BUSINESS WIRE)--The Consumer Electronics Association (CEA)® applauds President Obama for signing into law the three free trade agreements between the United States and Colombia, Panama and South Korea. The following statement is attributable to Gary Shapiro, president and CEO, CEA:

“The Congressional passage and now Presidential signing of these free trade agreements is the first major action in five years on free trade. It tells the world that the U.S. is back in business and wants to remain a global player. Almost every developed country has signed trade agreements these past few years and the U.S. competitive position has slipped as we have paid higher tariffs and become more isolationist. Enacting these three agreements will strengthen our economy. Free trade has helped foster a high-tech boom, created more than 25 million jobs during the past 15 years, and increased real wages for U.S. workers. Free trade agreements reduce foreign tariffs, allowing U.S. businesses to export their products to the 95 percent of the world’s consumers who live outside of the U.S. We believe these and future agreements are vital to keep the U.S. economy strong.”

About CEA:

The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the $190 billion U.S. consumer electronics industry. More than 2,000 companies enjoy the benefits of CEA membership, including legislative advocacy, market research, technical training and education, industry promotion, standards development and the fostering of business and strategic relationships. CEA also owns and produces the International CES – The Global Stage for Innovation. All profits from CES are reinvested into CEA’s industry services. Find CEA online at www.CE.org, www.DeclareInnovation.com and through social media: https://www.facebook.com/#!/CEAfeed, http://twitter.com/ceafeed, http://blog.ce.org/.

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