Free Trade Agreements: Compromise Leading to Passage

Senate leaders reach agreement on Colombia, South Korea, Panama trade deals – 2chambers – The Washington Post.

Looks like compromise is underway to soften ratification of three, vital Free Trade Agreements for the US. A tie-in that will preserve the Trade Adjustment Assistance (TAA) program to provide aid and retraining to workers who have lost their jobs due to outsourcing brought about by FTA activity.

Last month, the European Union ratified its FTA with South Korea. Even though the US lost its “first in, best dressed” place in line, once this and other two FTAs (Panama, Colombia) are enacted our nation’s brands and innovation will attract new customers through reduced and eliminated tariffs and quotas.  Industry growth numbers will spike, jobs will be secured, and local and regional tax coffers will fill.

 

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Software Development in China

I read a news release from a software developer today, announcing its relocation of global HQ from Australia to Shanghai. If it’s true that China is not typically viewed as a design innovation center, then what would motivate a company to move its core business functions there?

Try this right now: run a Google query on Software Development in China. See what the top three sponsor link results are.  Mine were:  “Outsourcing China”, “Call Toll Free for Custom Quote”, and “$10 an Hour Easy Outsourcing”.

How does a globally recognized, publicly traded software develop convey its value proposition when it decides to relocate to China?  Seems the company has its eyes on a distant prize, and will probably realize very efficient operating savings… enough to forsake its reputation as one of Australia’s premier technology companies. But what about inferred or implicit product traits: will a Made in China tag be a burden or a compelling brand attribute in the future software world?

Tell me what you think.

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