NAM Issues Statement on conclusion of final TPP deal.
Press Release Summary:
After final round of Trans-Pacific Partnership (TPP) negotiations, NAM's Jay Timmons noted "The latest weak jobs report and the disappointing growth in the United States and globally" as indicators of "the urgent need" to open new markets for manufacturers. He said TPP agreement could reverse trends provided it "achieves the priorities that the NAM has fought hard for years to accomplish." Timmons cited a level playing field and competitiveness of manufacturers and their workers in USA.
Original Press Release:
Manufacturers Weigh in on Conclusion of Final TPP Deal
Washington, D.C. – The National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement on the conclusion of the final round of Trans-Pacific Partnership (TPP) negotiations, which, after many years, yielded a final deal:
“The latest weak jobs report and the disappointing growth in the United States and globally underscore the urgent need to open new markets for manufacturers and all Americans. Today’s conclusion of the TPP agreement has the potential to reverse these trends if the deal achieves the priorities that the NAM has fought hard for years to accomplish. A good deal must level the playing field and improve the competitiveness of manufacturers and their workers in the United States.
“While we are still reviewing the full terms of the TPP, manufacturers are appreciative of the tireless work of U.S. Trade Representative Michael Froman and the entire U.S. negotiating team. From the beginning, manufacturers have been loud and clear on the TPP: A strong agreement must embrace priorities that will grow manufacturing in the United States. Those priorities include concrete new market access, the protection of intellectual property, provisions to enable e-commerce and a level playing field, fair treatment and strong property and investment protection standards, all of which must be enforceable for all industries. We look forward to examining all of the details of this agreement to assess whether it will significantly enhance manufacturers’ ability to grow and compete on a level playing field.”
Manufacturing priorities for the TPP are detailed in the NAM’s “Trans-Pacific Partnership Priorities” report, available here.
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The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 14 million men and women, contributes $2.09 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.
