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| International trade should be expanded(China) |
| News Archive - Environmental, New & Alternative Energy - April news | |
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International trade should be expanded Guest Opinion by State Rep. Alice Borodkin In today's global economy, openness and pragmatism are critical. Colorado's success depends not only our ability to work and compete with Wyoming and New Mexico, but with China, India and other global competitors. The more relationships the state can foster with other countries, and in as many fields as possible, the brighter our future will be. As a state legislator, many of my colleagues and I have owned or currently run a business and are well aware of the opportunities and challenges Colorado businesses face, especially in our global economy. The U.S. Census Bureau reports Colorado exported $6.8 billion of merchandise to 193 foreign destinations in 2005. The state抯 largest export market, by a considerable margin, was NAFTA trading partner Canada ($1.8 billion). Next up was fellow NAFTA member Mexico ($849 million), then Japan ($384 million). Export numbers show Colorado has potential to make its mark on the world stage, and this has been my focus for several years. Ione of the bi-partisan leaders of the caucus on economic development and international trade. The goal is to use the caucus as a forum for discussion and decide the best way for Colorado to prosper in the global economy. From my experiences as legislator, businesswoman and member of this bi-partisan caucus, I believe Colorado should focus its approach on global economy in four ways. First, we must focus our global market on the area of information technology. In 2005, the state's leading export category was computers and electronic products. It's clear the world economy has embraced the high tech sector as one of the most important industries in the 21st century. In Colorado, the area between Boulder and Denver and Denver and Colorado Springs don抰 draw references to Silicon Valley for nothing. Countries, such as China and India, both booming nations in the field of technology, have actively sought international trade partners in the past several years. Second, we must place a greater focus on our tourism industry. Colorado is known worldwide for its beautiful mountains and rivers, attracting activities such as winter sports, biking, hiking, fishing, hunting, rafting, and other activities for all ages. Products, such as Colorado wines from our fantastic vineyards have a following throughout the world, and our historic art and cultural events attract countless visitors annually. Third, Colorado must take advantage of its investment in alternative energy sources ?the key to solving many environmental problems around the world. Colorado has positioned itself as the global leader in renewable energy, including solar, wind and alternative fuels. Many nations, developing and industrialized, have realized using clean energy and cleaning the environment not only improves the health of its citizens, but is a cost-effective solution to economic and social growth in the long-term. Renewable energy and technologies that help maintain a clean environment will be an important investment for Colorado which will have a strong global effect. Finally, we must focus efforts on establishing a strong presence in nations that will be important trade partners, representing the best of Colorado. For example, one nation where the state can beef up its efforts is China, which has a booming economy with a population of more than 1.3 billion. There is currently an opening in the U.S. Department of Commerce operation in Shanghai, which the City of Denver currently occupies. It is clear Colorado should step in to take advantage of one of the hottest markets in the world. A permanent staff in China's state trade office would strengthen Colorado's position in the Chinese marketplace and will set us on the right course to create business opportunities. Colorado has the resources, infrastructure and brainpower other countries desire ?in our schools and in the private sector. Technology, tourism, and alternative energy are three important industries arguably standing to be the largest growth industries of the 21st century. The better connected we are to our global competitors, the quicker we are able to adapt to the rapidly-evolving global economy. It's in our best interest not to be on the sidelines when it comes to international trade. Let's take advantage of this wonderful economic opportunity that will, without a doubt, lead Colorado and its citizens to prosperity. Alice Borodkin is state representative, Denver, from House District 9. She can be reached at the Capitol at (303) 866-2910. Source:themountainmail |
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