Washington, DC – National Foreign Trade Council (NFTC) President Bill Reinsch issued the following statement in response to President Obama’s State of the Union address:
“Tonight, the President talked about the need to continue strengthening the U.S. economy and ensuring well-paying jobs for American workers. Keys to unlocking that economic potential are found in trade and a competitive corporate tax system.
“We applaud the President’s remarks on the Trans-Pacific Partnership (TPP) agreement. The NFTC believes firmly that the TPP is in our national interest – from generating economic growth to supporting jobs – and we call on the Administration and Congress to address remaining issues to ensure that the agreement provides the most benefits possible across the whole of the U.S. economy. The Asia-Pacific region is dynamic and ever-growing, and opportunities abound for the expansion of U.S. market access in the 11 other TPP economies.
“We also welcome the President’s call for ending the outdated embargo with Cuba.
“Finally, critical for sustained economic growth is a sound U.S. tax policy that doesn’t put U.S. businesses at a competitive disadvantage when compared to their counterparts around the world.
“In 2016, we look forward to working with the Administration and Congress to make meaningful progress on all of these fronts.”
About the NFTC
Serving America’s Global Businesses Since 1914 – 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.