Qualcomm applauds this week’s release of the U.S. International Trade Commission (USITC) report assessing the likely impact of the Trans-Pacific Partnership (TPP) Agreement among Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States and Vietnam.
This report is expected to jumpstart a debate on Capitol Hill on the merits of the TPP agreement for the U.S. economy. Qualcomm is a strong supporter of the TPP agreement because we see potential benefits for our business, the greater San Diego, Texas, New Jersey, North Carolina and Colorado communities where we have operations and our partners across the mobile and semiconductor ecosystem.
As Qualcomm’s business continues to grow globally, we face new challenges from both our competition and government-imposed barriers that could impact our ability to succeed in expanding markets. TPP aims to address these emerging policy constraints on our business through language that:
- Ensures the free flow of data
- Bars governments from requiring that software code be divulged as a condition for market access
- Prohibits restrictions on the import, use and sale of commercial cryptographic goods – a new requirement never before included in a trade agreement
- Expands strong intellectual property rights protection
- Agrees that that technical regulations, standards setting, and conformity assessment procedures should not create unnecessary barriers to trade
This last provision is especially important during the current efforts to develop technologies for 5G.
As we help drive the advancement of the internet of things, the free movement of data and widespread use of encryption are essential to link devices and facilitate communication. TPP’s state-of-the-art commitments will aid Qualcomm as we develop and deploy new, cutting edge technologies in the areas of autos, heath care, drones, robotics, and other areas where Qualcomm is a technology leader.
We call on Congress to approve the TPP Agreement for the benefit of the U.S. innovators and workers in the areas of cloud computing, internet of things, big data analytics and mobile connectivity. These innovative sectors will contribute to job growth and competitiveness in the United States and across the TPP region. But we need a level playing field globally to compete, and the TPP Agreement is an essential means to ensure open markets and strong trade rules.