NFTC Welcomes TPP Coalition’s Release of Negotiating Principles for Upcoming Brunei Round
– In advance of the upcoming round of Trans-Pacific Partnership (TPP) Agreement negotiations in Brunei next week, the National Foreign Trade Council (NFTC) today welcomed the release of negotiating principles by the U.S. Business Coalition for TPP
. The NFTC is a member of the coalition and its steering committee.
NFTC Vice President for Regional Trade Issues Chuck Dittrich released the following statement:
“The negotiating principles released today are workable and are aimed at ensuring that the TPP Agreement becomes the gold standard for high-quality plurilateral agreements.
“The Asia-Pacific region represents the largest export market worldwide. The agreement has the potential to become one of the most ambitious and commercially significant trade pacts the United States has been a party to in more than a decade. Once fully negotiated and implemented, it will serve as catalyst for increased trans-Pacific economic integration and help to bolster U.S. economic growth and job creation. The coalition’s principles represent a unified business consensus on the direction of the TPP and provide a clear roadmap for concluding an agreement by the 2011 APEC Ministerial meetings.”
To read the principles, please click here