Froman Sets 2015 as Goal for TPP Wrap-up, Says Failure Not an Option
The Obama administration is aiming to wrap up Trans-Pacific Partnership negotiations and pass an implementation bill before the end of 2015, U.S. Trade Representative Michael Froman told CNBC in an interview that aired Feb. 5 (here). USTR has failed to…
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meet a series of self-declared deadlines for concluding TPP over recent years. The TPP will create more jobs and raise wages, said Froman, adding that trade fits into the administration’s goal of sharpening “middle-class economics.” Not only will the TPP, along with the Transatlantic Trade and Investment Partnership, ease U.S. trade to and from partner countries, the deals will bring global investment to the U.S., said Froman. Despite a wide range of domestic and international resistance to the agreement, Froman said the administration is laser-focused on securing both pacts. “We’re not considering failure,” he said.