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“It is the maxim of every prudent master of a family, never to attempt to make at home what it will cost him more to make than to buy . . . . If a foreign country can supply us with a commodity cheaper than we ourselves can make it, better buy it of them with some part of the produce of our own industry, employed in a way in which we have some advantage.”

-Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, 1776

IPI believes the United States should aggressively pursue trade liberalization, which includes a willingness to lower our own trade barriers even when other countries do not respond reciprocally.  Ideally, those efforts include multilateral agreements, such as the Trans-Pacific Partnership, but bilateral agreements can also promote freer trade. 

American consumers bear the brunt of the protectionist impulse through higher prices on consumer goods, and American workers are best served when liberalized trade policies facilitate the export of American products throughout the world.  At a time when protectionist sentiments are growing, it is important to assert that the U.S. and its workers have nothing to fear from trade, and everything to gain.

May 28, 2014

New Publication: Foreign Sugar Policies Causing Global Market Distortions, Threatening U.S. Producers, Taxpayers

If market-distorting actions from four key nations are allowed to continue, the otherwise competitive U.S. sugar industry is at risk of being obliterated and the prices to U.S. consumers will be at the mercy of foreign governments and supplies.

May 28, 2014

Seeking a Global Solution in Sugar Trade Policy

Achieving a reasonably free global market in sugar through trade agreements should be the goal of U.S. policy, rather than allowing otherwise competitive domestic producers to be driven out of business through the subsidies and dumping practices of countries like Mexico, India, Brazil and Thailand, whose sugar supports dwarf those of the United States.

May 8, 2014

Obama can help fill the jobs during energy boom

Thousands of high-paying, blue-collar jobs are begging for skilled workers thanks to the U.S. energy boom. If President Obama really wants to be helpful, there are a couple of things he could do.

April 24, 2014

IP Intensive Industries--the Majority of U.S. Exports

Power point presentation by Tom Giovanetti at IPI's 9th Annual World Intellectual Property Day Forum.

March 26, 2014

Time to Exit the Export-Import Bank

The Export-Import Bank is a crony capitalist institution that distorts our export markets with a backstop of taxpayer guarantees. Congress should phase out the Export-Import Bank and eliminate the potential for yet another taxpayer bailout.

March 19, 2014

Texas Is Top State for International Trade, but It Could Be Even Better

New international trade agreements would lower tariffs and establish substantially more robust commercial channels with countries whose markets offer new opportunities for Texas companies, farmers and workers.

March 11, 2014

The Case for Permitting Crude Oil Exports

Since the 1970s, U.S. law has banned crude oil exports. But with new drilling techniques dramatically increasing U.S. oil production and the willingness of unfriendly countries to use oil and natural gas supplies as a foreign policy hammer, it's time to repeal that export ban.

March 6, 2014

Cato Event Panelists Discuss Whether Or Not Intellectual Property Provisions in the TPP Are a "Corporate Handout"

IPI expert referenced: Tom Giovanetti
March 6, 2014

U.S. IPR Protection Insistence May Derail TPP Talks, Critics Say

IPI expert referenced: Tom Giovanetti

Strong protection of IPR is critical to boosting U.S. exports through its free-trade agreements. Speaking at a Cato trade conference, panelist Tom Giovanetti stated, "The largest silo of U.S. exports are the core IP industries." 

March 5, 2014

Intellectual Property and the Trans Pacific Partnership

Presentation given by IPI President Tom Giovanetti at the Cato Institute event titled "Intellectual Property in the Trans-Pacific Partnership: National Interest or Corporate Handout?"


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