Jensen testifies about trade in services before Ways and Means
On September 20th, Senior Policy Scholar Brad Jensen testified before the U.S. House Ways and Means Committee. The hearing was on the benefits of expanding U.S. services trade through an international services agreement. Called by the Chairman of the Subcommittee on Trade, Kevin Brady (R-TX), who stated “a services agreement would reduce barriers abroad for U.S. services providers and produce major benefits and job growth here at home.” In his testimony, Dr. Jensen further argued:
The United States should be pushing aggressively to reduce barriers to services trade. Service trade liberalization in the fast-growing emerging markets would allow U.S. firms with comparative advantage in business service provision to start exporting, or to increase their exports, to these countries. The U.S. economy would benefit from increased national productivity as services production becomes increasingly specialized in high-performing business services.
Read Dr. Jensen’s full testimony here.