Apple Inc. (NASDAQ:AAPL) And Other Software Companies Urge The U.S. Lawmakers For Fast-Tracking Trade Bill

Ensuring free and easy flow of data through borders, and that too, free of cost has become the priority for the executives of software industry. A recently signed letter by Apple Inc. (NASDAQ:AAPL), Adobe Systems Incorporated (NASDAQ:ADBE) and Microsoft Corporation (NASDAQ:MSFT) is an example of this. The execs of the major companies of industry have requested the lawmakers to clear legislation which would create pace in trade deals for the same.

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The Hopeful Letter to the Congress

A letter sent to the congressional committees’ senior members by the Software Alliance’s Directors urged for the aforementioned scheme. In the letter, the lobby group’s members said that even though it was possible to deliver software remotely, but most of the business models were dependent on the cross-border free flow of data.

The letter said that an increase in the number of nations enacting measures for the same was a hint towards the fact said above. The Directors of the lobby in their letter urged the trade promotion authority for setting a few goals or introducing rules for digital trade on the open markets.

The Further Course of Action by the Lawmakers

By working on the bill, the lawmakers would try to set such objectives that will help in swapping of the trade deals across the borders. The Congress will work on a scenario to create such a proposal where the yes or no voting will be done, but without any amendments. Apart from Apple, Microsoft and Adobe, Symantec Corporation (NASDAQ:SYMC) also signed the letter, indicating its inclination towards the passing of this legislation.

Once the bill is approved and passed, the software companies shall have the clear cut advantage of creating further deals in association with the data, across the geographical boundaries of their own nation. This will indeed enable betterment of the business and greater revenues.

 

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Brown Terrel

Brown Terrel

Terrel is US Markets Daily's business news reporter. She joined US Markets Daily after five years as a print reporter.