Deputy USTR Provides Update on TPP Progress
Officials from the Office of the U.S. Trade Representative have garnered widespread support from the financial services community for the Trans-Pacific Partnership, and are still working to resolve lawmakers’ concerns about biologics data protections in the agreement, Deputy U.S. Trade…
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Representative Robert Holleyman said during a speech Sept. 20. To build further support for approval of the pact before the end of 2016, USTR officials have been “fanning out around the country” over the last month to make its case to different groups about “why trade matters,” which has generated grassroots support for the agreement, Holleyman said during an address at the International Bar Association conference in Washington. The pact brings strategic benefits for the U.S., which would foster closer economic ties with the Asia-Pacific region, the fastest-growing part of the world, as Japanese Prime Minister Shinzo Abe has emphasized, Holleyman added. “It’s our hope that, through that combination, through the broad understanding that members of Congress have had, as they’ve now seen this agreement for nearly a year, that they can now understand what it means for their homes, for their districts, and that we will have the support we need in Congress,” he said.