Trade Compliance

GHY discusses changes to international trade regulations and explores cutting-edge compliance strategies.

USTR on the Economic and Strategic Benefits of the TPP

Posted January 19, 2016


U.S. trade representative Michael Froman spoke last week at the Woodrow Wilson International Center for Scholars as part of his expanding public relations effort to explain the domestic economic benefits of the Trans-Pacific Partnership, the geopolitical risk of not ratifying the deal, and the cost economically of not passing the agreement.

In his speech and extended interview with Jane Harman, president and CEO of the Wilson Center, Froman said momentum and support is building for the partnership among U.S. growers and ranchers and many other business groups.

“As we work with members of Congress so they know what is in the deal, we expect this diverse coalition (of supporters) to grow and strengthen,” he said. Froman said that the deal will give the U.S., a role in providing stability and growth to the fast-growing Asian Pacific.  

“The economic benefits are matched by the strategic benefits,” he said.

Despite significant opposition to the trade deal from within his own party and reluctance on the part of some Republican lawmakers to formally bring the matter to Congress in the midst of the presidential race, Froman expressed confidence that President Obama could win approval of the pact this year, a pitch he also made in another interview later in the week on the Charlie Rose show.

Click here for the full interview which begins roughly 34 minutes into the program.