New Research: The Pacific Northwest Global Trade Hub
By leveraging natural geographic advantages, an international posture and a cutting-edge,diversified economy, the Pacific Northwest has become a leading player in global trade. Jobsand economic growth in both Oregon and Washington are highly dependent on the goods andservices, foreign direct investment, imports, and exports that constitute international trade. View full …
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The Washington Port System: Gateways to Growth at Home and Opportunities Abroad
Activities at Washington’s public ports support over 175,000 family-wage jobs. With approximately 40 percent of all jobs tied to international commerce, Washington is the most trade-reliant state in the nation. Geographic advantages including proximity to the Pacific Ocean, natural deep water harbors courtesy of the Puget Sound, and an unparalleled …
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U.S.-U.K. Free Trade Agreement: Opportunities and Challenges for Washington State
Negotiations between the United States and the United Kingdom on a free trade agreement offer great economic growth opportunities in Washington state. Read our new report and learn about the critical trade and investment relationship between both nations, and what a new deal may mean for trade-reliant Washingtonians. As the …
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International Trade and the Global Pandemic: Impacts of COVID-19 on Washington’s Trade Economy
The WTO Predicts Global Goods Trade Will Decrease by Up to 32% Due to COVID-19. In our newest research, we examine the economic slowdown on Washington state’s top trade partners and its implications for the state’s economy. COVID-19 is hitting Washington’s supply chain, cargo flow through local ports, and suppressing …
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Washington State Digital Trade: Barriers and Opportunities
Today’s digital economy is enabling business and society in ways not previously envisioned. In a relatively short time, computer technology leapt from simply being a productivity tool to becoming an essential and accessible hub of social and commercial interaction. The digital economy is reshaping how Washington State companies connect across …
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Collateral Damage: How Global Disputes are Disrupting Trade in Washington State
The last two years have been tumultuous for trade. Friction between the U.S. and its trading partners has soared, from the contentious negotiations with Canada and Mexico on the USMCA to the ongoing disputes with China. The consequences of these tensions are far-reaching, including for the many workers, companies, and …
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The New USMCA: Implications for Washington State
USMCA was agreed to by the U.S., Mexico, and Canada on October 1, 2018 and signed by representatives at the G20 Summit in Buenos Aires, Argentina on November 30. The deal must now be ratified by legislative bodies in each country including the U.S. Congress. The schedule for ratification in …
Read MoreWCIT President Lori Otto Punke Talks Trade at Port of Vancouver, Visits Area Businesses
WCIT President, Lori Otto Punke, recently visited the Port of Vancouver, Washington as part of the Port’s community lecture series.
Read MoreNew Report: Washington State’s Agriculture and Seafood Export Opportunities
How does Washington state’s agriculture trade impact the state’s economy, what are barriers to growth, and what can be done to expand it? Read our report here.
Read MoreOp-ed: How to Hurt Washington’s Workers Without Supporting Public Health
WCIT’s President, Lori Otto Punke, writes in the Spokesman-Review, about an impending World Trade Organization proposal that would undermine global intellectual property protections.
Read MoreNew Report Released! The Future of Trade: Positioning Washington State for Economic Growth in the Next Decade
Favorable geography, a diverse economy, and an expansive public port system have enabled Washington state’s economy to reap the benefits of international trade helping the state’s businesses and farmers to thrive in the global marketplace
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