Tech companies are suddenly spending much more on lobbying as NAFTA negotiations loom

cnbc

Tech companies such as Amazon, Microsoft and Cisco are spending more on lobbyists to make their case about the North American Free Trade Agreement, as negotiations about the future of that trade deal heat up.

Trade negotiators have said that they will schedule talks on revamping NAFTA into next year. The tech industry has a clear interest in the trade pact, given its role in foreign trade and in supply chains across North America.

In 2016, U.S. companies exported more than $200 billion in technology goods, including $43 billion to Mexico and $24 billion to Canada, according to the Information Technology Industry Council, a lobbying group whose members include AppleAlphabet and Oracle. U.S tech exports to Mexico have surged nearly 70 percent since 2006…

Read more : CBNC, 18.10.2017