PrintPrint CiteCite
Style: MLAAPAChicago Close


Boosting U.S. Growth with Trade

Interviewee: Jonathan Huneke, Vice President, Communications and Public Affairs, U.S. Council for International Business
Interviewer: Roya Wolverson, Staff Writer, CFR.org
May 18, 2010

On March 14, U.S. President Barack Obama endorsed World Trade Week--a week of trade-related events across the country for U.S. businesses and government--to promote his goal of doubling exports in five years. But a spreading sovereign debt crisis in Europe, persistent high U.S. unemployment, and protectionist policies abroad could make reaching that ambitious goal even more challenging.

The U.S. Council for International Business' Jonathan Huneke, whose trade organization helped organized the week's events, says the Obama administration's efforts to promote trade have been insufficient. Enacting dormant free trade agreements with Panama, South Korea, and Columbia is one crucial step to boosting growth, he says, as is returning to the Doha Round of international trade talks, which the G20 vowed to wrap up in March. Huneke says although free trade "used to be a non-partisan issue," lawmakers have politicized the concept because of growing concern about domestic job losses. But setting up more foreign outposts for U.S. businesses creates more jobs at home, argues Huneke.

The more important question, he says, is how to protect high-end U.S. production and intellectual property in countries like China and Russia. He believes the lack of regard for intellectual property will gradually change as developing-world trading partners advance economically.

Terms of Use: I understand that I may access this audio and/or video file solely for my personal use. Any other use of the file and its content, including display, distribution, reproduction, or alteration in any form for any purpose, whether commercial, noncommercial, educational, or promotional, is expressly prohibited without the written permission of the copyright owner, the Council on Foreign Relations. For more information, write permissions@cfr.org.

More on This Topic


Obama's Flawed Export Plan

Gary C. Hufbauer interviewed by Roya Wolverson

News that global trade contracted in 2009 underscores the need for Obama's trade strategy to include negotiating exchange rates with Asian...


The Uncertain Future of U.S. Trade Policy

Speaker: Edward Alden
Speaker: Charlene Barshefsky
Speaker: Barney Frank
Presider: Diana Farrell

Experts discuss the economic and political challenges facing U.S. trade policy, how to proceed in the current political climate, and policy...