While Congress is not likely to vote on the Trans-Pacific Partnership (TPP) until early next year, its agreement among the twelve Pacific Rim nations could offer a significant boost to the U.S. economy. Pursuant to the Trade Promotion Authority process enacted by Congress earlier this year, National Taxpayers Union (NTU) is pleased that an agreement has been finalized and we look forward to carefully reviewing how it will impact 40% of the world’s economy and specifically U.S. taxpayers.
NTU’s Executive Vice President Brandon Arnold stated, “We are pleased to see that negotiators have reached an agreement on TPP. This trade deal has the potential to open new markets for American products while reducing costs for our families and domestic businesses and we hope it lives up to its full potential. However, there are many possible flaws that could be contained in the lengthy, complex pact. Fortunately, the Trade Promotion Authority process affords us several months to carefully scrutinize TPP and evaluate whether or not it’s a good deal for taxpayers.”
"After nearly five years of negotiations, the United States and 11 other Pacific Rim nations finalized the Trans-Pacific Partnership. While we do not expect the deal will be perfect, taxpayers deserve an agreement that lowers and eliminates tariffs and non-tariff barriers. Over the coming days and weeks, NTU will examine the agreement to determine if the agreement is worthy of support," Clark Packard, NTU’s Policy and Government Affairs Manager commented.
NTU looks forward to providing insight on the details of TPP and how it will affect families and businesses across the country.
National Taxpayers Union, “The Voice of America’s Taxpayers”, is a nonpartisan, nonprofit organization working for lower taxes, smaller government, and economic freedom at all levels. More information on NTU’s work is available at www.ntu.org.