The Obama Administration continues to push for Congress
The Obama Administration continues to push for Congress to vote on implementation of the Trans-Pacific Partnership, also known as the biggest trade deal in history. On Friday, August 12, 2016, The White House sent a notice of action to lawmakers that it will be sending a bill to move forward with the TPP.
According to an article by Adam Behsdui of the Politico, “The action established a 30-day minimum before it can present the legislation.”
The article goes on to state, “The White House’s draft document describes the major steps the administration will take to implement any changes to U.S. law required by the deal. Those actions range from the mundane — designating an administration point of contact for communications about the pact — to the complex — setting up procedures to stop harmful surges of agricultural or textile imports.”
Regardless of what others saying, the Administration continues to push TPP.
“We are part of a global economy. We’re not reversing that,” Obama said, describing the necessity of international supply chains and the importance of the export sector to U.S. jobs and the economy. “The notion that we’re going to pull that up root and branch is unrealistic.”
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What is the TPP?
The Trans-Pacific Partnership (TPP) writes the rules for global trade—rules that will help increase Made-in-America exports, grow the American economy, support well-paying American jobs, and strengthen the American middle class.
- United States
- New Zealand
Made in America
TPP will make it easier for American entrepreneurs, farmers, and small business owners to sell Made-In-America products abroad by eliminating more than 18,000 taxes & other trade barriers on American products across the 11 other countries in the TPP—barriers that put American products at an unfair disadvantage today.
[Explore the over 18,000 tax cuts in TPP]
The rules of the road are up for grabs in Asia. If we don’t pass this agreement and write those rules, competitors will set weak rules of the road, threatening American jobs and workers while undermining U.S. leadership in Asia.
[Explore the strategic importance of TPP]
Get the Facts on TPP
Fact sheet and where to find them. Market research and more.
Question and Answer forum: TPP
Question and Answer Forum: Trans-Pacific Partnership from Scarbrough International on Vimeo.
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What is TPP? Who is involved? How do U.S. Companies benefit?
What impact do you foresee in the US Auto sector?
Can we choose between TPP or NAFTA?
Will other countries plan to join TPP in the future?
Can countries like Malaysia become a TAA?
Will duties that are fogiven be by HTS code?
How soon will the TPP go into effect?
When will the TPP be finalized?
What is the approval process in the Senate?
Will the forgiven duties be automatic?
Do all countries need to ratify the agreement?
What are the chances that a country will want to amend the agreement?
Who is to determine the duty forgiven of a product?
Will the election effect the TPP’s success?
Will our product be more competitive with TPP?
TPP common criticisms
How does the TPP address currency manipulation?
Is there a site to know which HTS numbers will be duty free?
Can China join the TPP?