WASHINGTON, D.C.—U.S. Chamber Executive Vice President and Head of International Affairs Myron Brilliant welcomed the release of the U.S. International Trade Commission (ITC) report on the likely impact of the Trans-Pacific Partnership (TPP) on the U.S. economy with the following statement:
“While we have yet to fully digest the ITC’s assessment, the report at first glance provides substantive support for the Chamber’s view that the TPP is in our national economic interest. By eliminating thousands of tariffs and other barriers to the export of U.S.-made goods and services, the TPP will create new opportunities for American workers, farmers, ranchers, innovators, and companies.
“While the ITC understandably adopts a conservative approach to these reports, the historical record has shown that export growth under past trade agreements has exceeded projections by a considerable margin. Moreover, comprehensive studies by the Peterson Institute and the World Bank support the view that the TPP will boost U.S. incomes by more than $100 billion and exports by more than $350 billion.
“The ITC report is an important part of the evaluation process for the TPP. We look forward to discussing the benefits of the TPP with key stakeholders as part of our effort to build congressional and public support for the agreement.”
To learn more about why America should support the TPP, visit www.uschamber.com/TPP.