U.S. Chamber Welcomes Focus on High-Standard TPP

Tuesday, February 25, 2014 - 11:45am

‘While difficult issues remain, it is encouraging that negotiators did not rush to a close,’ Says Overby

SINGAPORE—Following the conclusion of meetings among the trade ministers of the 12 countries negotiating the Trans-Pacific Partnership (TPP) today, U.S. Chamber of Commerce Vice President for Asia Tami Overby, who attended the meetings, released the following statement:

“The Chamber applauds the hard work of all the negotiators and welcomes the progress achieved on a number of priorities vital to the U.S. business community. In particular, Ambassador Froman and his team have done tremendous work and continue to push for a high-standard, comprehensive TPP. In trade negotiations, however, nothing is agreed until everything is agreed, and it’s clear more work is required.

“While difficult issues remain, it is encouraging that negotiators did not hastily push to a close. The TPP is too important to rush, and negotiators clearly want to get it right.

“To conclude the negotiations successfully, the Chamber urges all participants to continue working toward an ambitious and commercially-meaningful agreement. Above all, every party upon entering these negotiations committed to the goal of a comprehensive agreement with no exclusions. Now, all parties, including Japan, need to embrace this pledge anew.

“The United States also has work to do. One top priority is renewal of Trade Promotion Authority, which requires the administration and Congress to work together on trade agreements. While Ambassador Froman has been tireless in his outreach to Congress, President Obama and the rest of his cabinet must redouble their efforts to make the case for TPA to legislators, especially members of their own party.”

International trade and investment is a key component of the Chamber’s 2013 American Jobs and Growth Agenda, an ambitious plan to generate stronger economic growth, create jobs, and expand opportunity for all Americans.

The U.S. Chamber of Commerce is the world’s largest business federation representing the interests of more than 3 million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations. Its International Affairs division includes more than 50 regional and policy experts and 25 country- and region-specific business councils and initiatives. The U.S. Chamber also works closely with 116 American Chambers of Commerce abroad.