Manufacturers Endorse TPP after careful analysis.
Press Release Summary:
NAM announced support for Trans-Pacific Partnership (TPP) trade agreement, which concluded in October after 5+ years of negotiations. "After careful analysis," said NAM President and CEO Jay Timmons, "NAM will support the TPP." Timmons cited such benefits as opening markets and putting manufacturers in positions of strength with which to compete in "an important and growing region of the world." While recognizing said agreement as imperfect, Timmons vowed assistance on key issues.
Original Press Release:
Manufacturers Endorse Trans-Pacific Partnership
Washington, D.C. – The National Association of Manufacturers (NAM) announced its support today for the Trans-Pacific Partnership (TPP) trade agreement, which was concluded in October after more than five years of negotiations:
“Open markets encourage cooperation and prosperity among nations and governments, rather than conflict, and the NAM has a long and proud history of promoting free and fair trade. After careful analysis, the NAM will support the TPP as it will open markets and put manufacturers in a much stronger position to compete in an important and growing region of the world,” said NAM President and CEO Jay Timmons. “Support for the TPP, which allows manufacturers to be more competitive in a global economy, is in keeping with the NAM’s principles. Without such an agreement, the United States would be ceding economic leadership to other global powers, letting them set the rules of economic engagement in the region.
“We recognize this agreement is not perfect, and there are some principled objections to the TPP, so the NAM will continue to work closely with its members to address remaining barriers, to raise standards, to promote the rule of law and to further level the playing field for all. Importantly, we encourage the administration to work closely with the industry, congressional leaders and the other TPP governments to address these key issues.
“Ultimately, the TPP is a significant improvement over the status quo—for manufacturers and for the broader economy. It will substantially increase opportunities for the export and sale of U.S.-manufactured goods, which means more economic opportunities for manufacturers and for the more than 12 million men and women who make things in America.”
-NAM-
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.
