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Former U.S. Officials Urge Congress to Pass TPP

Tuesday, October 20, 2015

(North American Meat Institute)

A group of 26 former top U.S. trade, diplomatic, economic, security and intelligence officials sent a letter to leaders in the House and Senate urging full Congressional passage of the Trans-Pacific Partnership (TPP), an agreement between the U.S. and 11 countries in the Asia-Pacific region that would cover nearly 40 percent of the global economy. In the letter, the former officials called TPP a "concrete manifestation of our rebalancing strategy toward Asia," and touted the agreement as a strategic necessity for the U.S. The officials also highlighted the economic significance of the agreement, stating the Asia-Pacific region is the world's fastest growing with 3.2 billion middle-class consumers projected by 2030. The letter said TPP will benefit American job creation, particularly in manufacturing, as exports of goods and services supported 11.7 million jobs in 2014. Earlier this year, Congress passed Trade Promotion Authority, which allows consideration of the final TPP agreement without the possibility of amendment.

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