In light of Governor Phil Murphy’s designation of the Office of International Trade and Investment, Senator Gerry Cardinale announced his plans to reintroduce legislation he has long-sponsored that would codify this program, by establishing a permanent global trade division within the New Jersey Economic Development Authority (NJ EDA.)
Sen. Gerry Cardinale announced his plans to reintroduce legislation that would establish a permanent Office of International Trade. (CommonsWikimedia)
Senator Cardinale noted his bill would improve upon the steps Governor Murphy took last week to create a new Office of International Trade and Investment. Sen. Cardinale’s legislation is essential to ensuring that this new office continues to operate during future gubernatorial administrations as well.
“Small Businesses owners who are looking to expand abroad often do not have the legal resources to navigate foreign trade laws,” Cardinale (R-39) said. “By fostering partnerships between local mom-and-pop stores and international advocates, we can promote ‘Jersey Made’ products around the world. The future of our state’s economy depends on a permanent Office of International Trade, right here in Garden State.”
Currently, there are 1,100 multi-national businesses and 270 foreign headquarters in New Jersey.
Senator Cardinale’s bill would establish an Office of International Trade and Protocol within the NJ EDA. The division would encourage and assist New Jersey businesses entering into the international market.
The bill will officially be introduced in the Senate at the next Senate Quorum. Cardinale’s district mate, Assemblywoman Holly T. Schepisi, has already introduced an identical version of the legislation in the Assembly.
“It is essential that New Jersey businesses are provided with the right tools to remain competitive in today’s global market,” Cardinale said. “The establishment of an international trade office will spur commercial growth and generate career opportunities for our residents. I am glad to see that Governor Murphy is taking positive steps towards diversifying our economy. I hope that my colleagues in the Legislature will take immediate action to advance my bill, so that future generations of local business owners can benefit from this program as well.”
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