Today, the Department of Commerce released “Trans-Pacific Partnership Opportunities by Market”, the latest report in the International Trade Administration’s series of fact sheets outlining TPP opportunities by state, sector, and now market. This new report highlights the benefits the Trans-Pacific Partnership (TPP) agreement for American workers and businesses in the 11 other TPP countries. The report will help U.S. businesses of all sizes better understand how TPP will increase their competiveness and the growing commercial opportunities for Made-in-America products in some of the largest and most dynamic countries in the Asia-Pacific region.
TPP will reduce the cost of exporting, level the playing field for U.S. businesses - in particular, small businesses - by eliminating tariffs, lowering service barriers, and increasing transparency while also increasing competitiveness by instituting stronger intellectual property rights protection and establishing enforceable labor and environmental obligations. When fully entered into force, TPP will eliminate more than 18,000 foreign taxes, or tariffs, that various countries place on Made-in-America goods.
To complement the release of the Trans-Pacific Partnership Opportunities by Market report, on May 3 from 2:00pm to 3:00pm (ET), we are hosting a webinar that will provide an overview of how TPP will contribute to new commercial opportunities in the TPP markets. To registration for the webinar, please click here. I encourage you to share this email with your membership, partners, and stakeholders.
Stefan M. Selig
U.S. Department of Commerce