Global Economy & Trade
Proactively responding to the demands of the worldwide marketplace remains at the core of SCOA’s business. A global perspective combined with local market knowledge enables our company to unite the needs of one economy with the advantages of another. As policy actions taken in the US and countries around the globe begin to restore economic and job growth in the wake of the global recession, an important part of the recovery will be the restoration of trade expansion. In fact, rapid trade growth may well act as a transmitter of economic stimulus around the globe and a vehicle of recovery, particularly if enhanced by additional efforts to reduce barriers and expand trading opportunities further. SCOA is thus committed to leveling the playing field for our business by lowering barriers to trade and investment. In the year ahead, we will continue to advocate a robust trade agenda on the part of the US administration and Congress. SCOA will also continue to discourage economic isolationism, including undue restrictions on investment, procurement, exports, sourcing, and human capital.
Trans-Pacific Strategic Economic Partnership Agreement
SCOA supports the creation of the Trans-Pacific Trade Partnership (TPP). The TPP's goal of creating a fair regulatory structure between countries on both sides of the Pacific Ocean is revoltionary and an ideal trade agreement for the 21st century. The TPP's focus on helping small to middle sized enterprises will help create jobs and encourage international trade. SCOA encourages Japan to continue TPP negotiations with the United States.
To comment, or if additional information is needed on a particular topic, please do not hesitate to contact the SCOA Washington office. We also encourage SC group company employees to download the latest Washington office publications on the global economy and trade, located in our online resource library at:
To request a log-in and password, please contact the Washington office at washingtonoffice.scoa (at) sumitomocorp.com.
November 24, 2015US Economic Growth for 3rd Quarter Revised Up to 2.1%
New York Times
November 24, 2015Utah consumer attitudes still upbeat about local economy
November 24, 2015Local unemployment rate still at historical low
Dayton Daily News
November 24, 2015Lane County unemployment rate was 6.1 percent in October, down from September
November 24, 2015Gig Economy Workers Buy Like They Work: No Commitment
November 24, 2015Consumer Confidence in US Economy Down Sharply in November
Wall Street Journal
November 24, 2015What “Misery” Can Tell Us About the Economy
November 24, 2015Consumer Reports: Switching to virtual banking
November 24, 2015'Bad Bank' Sees More Chinese Debt Souring as Economy Slows
Wall Street Journal
November 23, 2015France's Economy Slows After Paris Attacks as Tourists, Shoppers Stay Home
Wall Street Journal
September 14, 2012As Coal Production Declines, Coal Jobs May Not
September 06, 2012Bill Clinton Assertion That Dems Create More Jobs than Repubs: True?
September 04, 2012Obama releases energy platform; More of the same
August 30, 2012Tire Tariff Backdating May Bring Constitutional Battle
August 29, 2012Senate Finance Committee's Legislative Text Released on Tax Extenders Bill (Including Wind PTC)
August 27, 2012New York May Approve Fracking as Early As Sept 4
August 23, 2012DoE Release Study on Assessing Natural Gas Technologies
August 21, 2012Romney Has More Cash On Hand Than Obama
August 17, 2012Rep. Ryan Fiscal Hawk?
August 02, 2012Lawmakers Urge EPA to Reduce Ethanol Requirements
August 01, 2012Mitt Romney Does Not Support Wind Tax Credits
July 31, 2012Fed Will Likely Implement QE3 In September
June 26, 2012Supreme Court Bars Citizens United Reform
April 19, 2012EPA Announces New Fracking Regulations
April 12, 2012South Korean Governing Party Holds onto Power
April 10, 2012Rick Santorum Drops Out
April 05, 2012President Obama's 1996 Moment?
April 04, 2012Chesapeake Report: Utica Shale Shows Potential
April 03, 2012Mitt Romney Likely To Sweep Victory in Today's Primaries
March 26, 2012President Obama Urges China to Pressure North Korea
March 26, 2012DOE Delays Analysis of LNG Exports to US Economy
March 23, 2012Senate Passes Jobs Act, Moves to House
March 23, 2012Senate Passes Stock Act
March 21, 2012Big Day For Mitt Romney
March 19, 2012Stay Informed: House's JOBS Act
March 19, 2012Obama Calls for the End of Oil Subsidies
March 16, 2012EPA: Pa. fracking town's water show no health concern
March 13, 2012Natural Gas Act Amendment Fails to Pass