Business Roundtable Praises USTR Efforts to Close TPP, Following Singapore Summit
The Trans-Pacific Partnership (TPP) will build on existing U.S. trade relations with TPP participant nations that received 45 percent of U.S. goods exports in 2012, said the Business Roundtable in a Dec. 10 statement that praised U.S. Trade Representative efforts…
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to close the deal. U.S. lawmakers must also expeditiously pass Trade Promotion Authority in order to enable the U.S. to continue to pursue pending trade pacts, said the Business Roundtable. “Trade Promotion Authority is an essential partnership between Congress and the Administration to complete trade agreements such as the TPP, TTIP and TISA that benefit the U.S. economy and support American jobs,” said John Engler, President of the Business Roundtable. “We urge Congress and the Administration to work together to act on updated Trade Promotion Authority legislation as soon as possible.”