The United States needs to shift from an approach to power trade that is based on advancing U.S. foreign policy interests to an approach that focuses on advancing U.S. competitive advantage against China, especially in critical advanced technology sectors.
ITIF hosted an expert panel discussion discussing EU-US digital trade relations and what both governments should do to foster closer relations without sacrificing U.S. digital innovation.
Those who really want to solve the problem should abandon ill-advised proposals like patent waivers and focus instead on cooperative solutions to overcoming supply-chain constraints. The sooner that happens, the sooner we can all breathe freely again.
The Biden administration needs to renew America’s role as a power trader, but with a new focus of maintaining its relative lead, economically and technologically, over China. It will require changes in the strategy and organization of U.S. trade policy.
The United States and other developed, democratic societies have a moral obligation to ensure the world’s citizens receive COVID-19 vaccines and therapeutics. But there is absolutely no need to abrogate IP rights to fulfill that objective.
Intellectual property has proved to be indispensable in developing effective vaccines and therapeutics. Nevertheless, advocates have seized the moment to petition the WTO’s TRIPS Council not just to suspend patents, but also to reform national copyright laws governing digital access to knowledge, and data and text mining.
Amidst an unprecedented pace of innovation, some 90 developing nations, led by India and South Africa, have petitioned the WTO’s TRIPS Council calling for a waiver to suspend all IP rights associated with COVID-19 innovations—again asserting the false narrative that IP rights inhibit access to medicines.
The growing role of AI in trade and the long-term implications of divergent regulatory frameworks will likely affect economic productivity and innovation.
ITIF hosted a transatlantic discussion of EV battery policy and how cooperation and competition might best be balanced for this “industry of the future” that’s already here.
The 2020 GTIPA Virtual Summit brought together Alliance members with world-leading experts to explore creative solutions to difficult economic, trade, and innovation challenges facing the international community.
There is both excitement and trepidation about the so-called “Fourth Industrial Revolution” and its ability to power growth around the world—and one critical question is how its impacts may differ in developed and developing economies.
The core argument that users create value is wrong. The distribution of taxable profits between countries normally reflects where value is created. The export of a product or service, whether digital or analog, usually does not create additional value and profits from imports into a country are normally not subject to corporate income tax.
Writing for the World Economic Forum (WEF), Nigel Cory and WEF Digital Trade Fellow Mike Gallaher, summarize a recent report they authored for WEF that enumerates key steps policymakers should take to support cross-border payments and digital trade growth.
Just because DSTs may be attractive to individual countries doesn’t make them good policy. In fact, they are bad policy. A central goal of good tax policy should be to treat similar transactions the same way. DSTs violate this principle in a number of ways.
A World Economic Forum report—produced with extensive research contributions from ITIF—analyzes key barriers and challenges to cross-border payments and recommends how to overcome them to support global trade.
Recognizing the central catalytic role that intellectual property rights play in fostering knowledge-driven innovation, select members of the Global Trade and Innovation Policy Alliance (GTIPA), a global network of 36 independent think tanks supporting global trade liberalization and integration, released a statement affirming the crucial importance that IP has in our global economy.
It is widely presumed that agglomeration effects cause large cities to have large advantages in the innovative process. A new study tests this presumption by examining the proportion of patents filed in large metropolitan areas from 2000 to 2014 across 14 OECD countries.
Demand for H-1B visas, which allow U.S. firms to recruit high-skilled foreign workers, has dramatically exceeded the supply—there were 200,000 applications in 2019 for the 85,000 visas that were available.
Working together, firms from different parts of the digital economy can disrupt the supply side of the digital piracy equation to make it harder and costlier for illicit operators to function.
Countries that value an open, competitive digital economy should use surveys to improve quantitative analysis of cross-border data flows, because policymakers can’t effectively manage and address barriers to digital trade unless they can measure it.
Prior to last week’s progress toward an interim trade deal with China, the United States had repeatedly delayed the expansion of tariffs on Chinese goods to most finished products. This was out of concern that such an escalation would hit U.S. consumers harder than existing tariffs on the intermediate goods that serve as inputs for companies to make their final products.
The Global Mercantilist Index, ranking 60 nations on 18 variables ranging from market access and forced localization to currency manipulation and intellectual property protections, finds that China is the world’s most innovation-mercantilist nation.
The Non-GMO Project label is now misleading consumers on more than 60,000 food items in U.S. grocery stores. Val Giddings tells the Food & Drug Law Institute it's time for FDA to enforce the law and puit an end to this illegal practice.
Stephen Ezell presented on strengthening subsidies rules to tackle trade distortions in high-tech sectors at the 2019 WTO Public Forum.
Despite concern over climate change, global carbon emissions continue to rise. Clean energy innovation is needed to reverse the trend. It is time for Mission Innovation member nations to make good on their commitment to double clean energy RD&D.