NFTC Applauds President Obama for Announcing U.S. Commitment to Join TPP Negotiations
The National Foreign Trade Council (NFTC) today released a statement welcoming President Obamas announcement that the United States will join the Trans-Pacific Strategic Economic Partnership Agreement (TPP) negotiations.
The NFTC applauds the president for his leadership in affirming the United States commitment to expanding economic engagement with the Asia-Pacific region, said NFTC President Bill Reinsch. Broadening economic ties with our trading partners in the region is an essential element of the U.S. trade agenda. Deeper engagement will both help to boost the U.S. economy through increased exports and job creation, and advance trans-Pacific economic integration.
The Asia-Pacific region represents the largest export market worldwide, and the United States is the largest or second largest trading partner for every major Asian economy. Joining the TPP negotiations will strengthen and further solidify the United States important economic and commercial ties with some of the most dynamic economies in the world, said NFTC Vice President for Regional Trade Initiatives Chuck Dittrich. The TPP is an ambitious effort and has the potential to become the gold standard for high-quality plurilateral trade agreements.
In a November 4th letter
sent to President Obama, U.S. Trade Representative Ron Kirk and Secretary of Commerce Gary Locke, the NFTC urged the president to use the occasion of his historic visit to Asia to move forward with negotiations to join the TPP.
###About the NFTCAdvancing Global Commerce for over 95 Years - The National Foreign Trade Council is a leading business organization advocating an open, rules-based global trading system. Founded in 1914 by a broad-based group of American companies, the NFTC now serves hundreds of member companies through its offices in Washington and New York.