ECAT Voices Support of TPP
The Emergency Committee for American Trade (ECAT) on Dec. 10 came out in favor of the Trans-Pacific Partnership, while acknowledging some unidentified concerns of its members over the deal. Still, it pledged to work with Congress and the Obama administration…
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on finding a “path forward” on those areas, ECAT said. “Since the release of the TPP agreement’s text on November 5, 2015, ECAT has been reviewing the outcomes which were achieved and consulting with our member companies – representatives of virtually all sectors of the U.S. economy,” ECAT President Calman Cohen said. “After a thorough review, ECAT members find much to support in the TPP agreement and applaud many of the outcomes achieved by U.S. Trade Representative Michael Froman and his team that will benefit the United States’ economy and its businesses – both large and small, farmers, and workers. The fast-growing Asia-Pacific region will be home to 3.2 billion middle-class consumers by 2030, and the TPP presents a market-opening opportunity that the United States cannot afford to miss. The agreement is evidence that the United States is taking a leading role in writing the rules for 21st-century international trade and investment.”