On July 23, concurrent with the 18th Round of Trans-Pacific Partnership (TPP) negotiations in Malaysia, USCIB co-signed a letter with 47 other business associations to U.S. Trade Representative Michael Froman on U.S. priorities in the talks. The letter emphasizes the need for “further trade liberalization – at home as well as abroad” across all sectors, including the few sectors of the U.S. economy that receive significantly more protection from import competition than most other sectors. The business associations have advocated for no exclusion of specific sectors in minimizing government protections or preferences that distort the market in order to increase competition and facilitate a more adaptable economy in the face of challenging market dynamics. They wrote that maximum liberalization of protected sectors will benefit our economy, our workers and our consumers in the long-term by advancing U.S. competitiveness in the globalized economy of the 21st century.
Staff contact: Rob Mulligan