Business Roundtable Offers Support for TPP
The Trans-Pacific Partnership will set strong new rules for international commerce, promote U.S. economic leadership, and expand U.S. trade opportunities, Tom Linebarger, chair of the Business Roundtable International Engagement Committee, said Jan. 5 in a statement expressing Business Roundtable's support…
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for the pact (here). The group believes the TPP will open markets, in part, by eliminating or reducing 18,000 foreign tariffs on U.S.-made products and addressing non-tariff barriers to U.S. exports of goods and services. “The TPP will open up and expand markets for U.S. companies, creating and supporting jobs here at home. Ninety-six percent of the world’s population lives outside the United States. Those are consumers and businesses that want to buy American products and services,” said Business Roundtable Chairman Doug Oberhelman. “International trade supports more than one in five American jobs, and the United States must continue to expand trade relations around the world, including in the dynamic Asia-Pacific market.”