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NFTC Applauds Trade Ministers for Setting Goal to Achieve “Broad Outlines” of TPP Agreement by November
Date: 5/19/2011
Written By: Jennifer Cummings, The Fratelli Group for NFTC, (202) 822-9491

Washington DC – The National Foreign Trade Council (NFTC) today welcomed news that the Trans-Pacific Partnership (TPP) Ministers have set a goal to complete the “broad outlines” of an agreement by November 2011. The NFTC released the following statement:

“This is an important momentum-building milestone in the negotiations,” said NFTC President Bill Reinsch. “The TPP Agreement is a critical part of our economic integration in the fast-growing Asia-Pacific market, and tabling outlines of what the agreement will entail by November signals that all parties are committed to reaching a deal in the short term. The agreement is also a key component of the U.S. trade agenda, and will complement market access gains that will be achieved when free trade agreements with Colombia, Panama and South Korea are ratified.”

“We applaud the Ministers for setting an ambitious and achievable goal to advance the talks,” said NFTC Vice President for Regional Trade Issues Chuck Dittrich. “The TPP has the potential to be the gold standard for plurilateral trade agreements and greatly expand market opportunities for U.S. investors and exporters selling goods and services in and to one of the most dynamic regions in the world. At a time when the fate of the Doha Round of World Trade Organization negotiations is uncertain, today’s news is a shot in the arm to the international business community.”
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About NFTC
Advancing Global Commerce for Nearly A Century- The National Foreign Trade Council (www.nftc.org) 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.
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