White House Exports Trading Agenda & TPP Presentation

TRANS-PACIFIC PARTNERSHIP

The 12 countries negotiating the Trans-Pacific Partnership (TPP) announced they had reached an agreement on October 5, 2015. Since Congress passed and the President signed into law Trade Promotion Authority earlier this year, the agreement must be considered on a defined timeline and given an up or down vote in Congress.

TPP member countries include: the United States, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

 

After five years of discussions, the 12 countries negotiating TPP announced on October 5 they had finalized a comprehensive international trade agreement. The United States Trade Representative (USTR) estimates that the agreement will boost U.S. exports by up to $142 billion, grow U.S. income by $89 billion, and increase foreign-direct investment in American firms by $54 billion.

The Trans-Pacific Partnership will reduce or eliminate thousands of tariffs and other barriers for American businesses both large and small entering into new markets. USTR predicts that it will increase exports by 4.4 percent, increase GDP by $77 billion, and boost foreign direct investment in U.S. businesses. TPP also contains provisions directly aimed at protecting businesses’ intellectual property rights abroad and enforceable labor and environmental standards. The new agreement will give the U.S. and other member countries the ability to set the standards for commerce in the Pacific Rim ahead of China, who has also been negotiating new trade agreements with its neighbors in East Asia.

 

The agreement is broad: negotiators crafted 30 different chapters to resolve issues such as market access, intellectual property rights, labor standards, state- owned enterprises, and regulatory compatibility. TPP is intended to be a “living agreement” that can accommodate both new trade issues and new members. Allowing other countries, including China and India, to join in the future gives the agreement the potential to expand in a region that produces nearly 60 percent of global GDP and is home to 40 percent of the world’s population.

Javier Cárdenas, Rhino equipment President & CEO, Albert Shen US department of commerce, National director of minority business Development Agency.

TPP member countries include: the United States, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

TPP member countries include: the United States, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Marcus D. Jadotte, U.S Department of commerce assistant secretary for industry & analysis, Javier Cardenas, Rhino Equipment president & CEO.

TPP member countries include: the United States, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam.

Javier Cárdenas, RHINO Equipment President & CEO.

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