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Business Leaders Welcome Signing of the Trans-Pacific Partnership (TPP) Trade Agreement

Washington – Business Roundtable leaders today issued the following statement subsequent to the official signing of the TPP agreement.

“We welcome the signing of the Trans-Pacific Partnership agreement, which presents a tremendous opportunity for American workers, farmers and businesses – and for the entire U.S. economy,” said Doug Oberhelman, Chairman and CEO of Caterpillar Inc., and Chairman of Business Roundtable. “We continue to call on Congress and the Administration to quickly address the remaining industry issues to ensure the agreement provides maximum benefit, which will also enable greater likelihood of congressional approval this year.”

Of the 41 million American jobs supported by trade – exports and imports of goods and services – more than 15 million depend on U.S. trade with the other 11 TPP countries.

“By opening markets and addressing long-standing and newer trade challenges for U.S. businesses, farmers and workers, TPP will support much-needed U.S. economic growth and the millions of American jobs tied to trade,” said Tom Linebarger, Chairman and Chief Executive Officer of Cummins Inc. and Chair of the Business Roundtable International Engagement Committee. “TPP is a trade agreement for the modern, global economy that includes provisions related to digital commerce and trade in services, fair competition with state-owned enterprises, intellectual property rights and investment protections, and labor and environmental standards.”   

Click here for Business Roundtable national and state-by-state fact sheets on the benefits of trade with the other TPP countries.

In 2016, Business Roundtable will focus on policies that lead to job creation and economic growth – national priorities that are inextricably linked. Our priorities reflect our collective business experience as CEOs of America’s leading companies, experience that tells us what it takes to build momentum for the United States in 2016 and beyond. To learn more about solutions to create jobs and grow the U.S. economy, visit www.businessroundtable.org/growth.

Check below for News Releases detailing the benefits of TPP in all 50 states:

 

 

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