New York, N.Y., January 12, 2016 – USCIB welcomed President Obama’s call in his State of the Union address for Congress to ratify the Trans-Pacific Partnership (TPP) agreement, a market-opening trade deal between the United States and eleven Pacific-Rim countries.
“U.S. business remains united behind TPP,” said USCIB President and CEO Peter Robinson. “This landmark agreement will enhance American competitiveness, support U.S. jobs, eliminate thousands of tariffs and expand the rule of law in the Asia-Pacific region.”
USCIB voiced support for TPP in a statement last month, saying that after reviewing the agreement’s text and consulting with its broad membership, USCIB believes the agreement “will contribute substantially to economic growth in the United States and the region, cement U.S. global leadership and provide significant new opportunities for U.S. businesses, workers and farmers.”
A central component of the United States’ foreign policy in the Asia-Pacific, TPP would help establish American commercial values in the region, with new standards to promote good governance and transparency.
Robinson continued: “We look forward to working with the administration and Congress on a range of issues raised by the president in his address, especially trade, and we urge legislators to secure TPP’s passage.” He noted that TPP would set new, high standards for future trade agreements.
The U.S. coalition for TPP, of which USCIB is a leading member, issued a statement in support of TPP last week.
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world. With a unique global network – encompassing ICC, the International Organization of Employers, and the Business and Industry Advisory Committee to the OECD – USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. www.uscib.org.
Jonathan Huneke, USCIB
+1 212.703.5043, email@example.com