Entries by Andrea Durkin

What Today’s USMCA Debate Has to Do with The Drugs of Tomorrow

The political winds seem to be blowing in favor of a Congressional vote on the U.S.-Mexico-Canada Free Trade Agreement (USMCA) yet this fall. But before they vote, some Members of Congress want to talk over a few issues with the Trump administration’s negotiators. One is intellectual property protections for the U.S. biopharmaceutical industry. As important as it is, the issue of data protection for biologic drugs is not well understood.

Coming and Going, the U.S. Wins from Foreign Direct Investment

Foreign direct investment (FDI) is a vehicle for gaining entry into growth markets. In theory and in general, it’s a win-win. In practice and locally, it will depend on each deal. Global FDI flows have taken a dive, in part due to a souring investment climate and uncertainties in trade policies, but they are critical for growth in developing and developed markets alike.

Tourism is the Quiet Hero of Trade

For the United States and the global economy, tourism and travel are the unsung heroes of the international trade story. Tourism brings 80 million visitors to the United States every year and accounts for 10 percent of all U.S. exports. Globally, tourism is the third-largest sector in international trade. Above all, tourism and travel promote trade in international understanding and global goodwill.

Honey Bees Pollinate Trade Opportunities

Every February, two out of every three commercial bee hives in the United States are transported to California for the almond bloom. It’s just the start of an annual food pollinating bee tour. Anywhere from 60 to 75 percent of the bee population kept as livestock crisscross the United States foraging on the blooms of crops that will make eventually their way into our grocery stores and into overseas markets.

Trade and America’s Pastime

It’s midsummer, a milestone marked every year by baseball’s All-Star Game. No sport is more American than baseball. While we import much of the lower-cost equipment for amateur play, there’s a rich tradition of high-quality baseball equipment made in the U.S.A. that thrives alongside imports, demonstrating that trade enables a diverse marketplace that benefits us as consumers.