This week Global Chamber was honored to host Luis Jimenez of the Office of the US Trade Representative at Global Chamber headquarters.
The Office of the United States Trade Representative (USTR) is the United States government agency responsible for developing and recommending US trade policy to the President of the United States, conducting trade negotiations at bilateral and multilateral levels, and coordinating trade policy within the government through the interagency Trade Policy Staff Committee (TPSC) and Trade Policy Review Group (TPRG). Founded in 1962.
Global Chamber is the first chamber of commerce focused on growing cross-border trade and investment in a collaborative way across 500 metro areas around the world. Founded in 2014.
Mr. Jimenez (center, between Scottsdale Mayor Jim Lane, left and business leader and former Tempe Mayor Hugh Hallman, right) addressed a full room of regional business and government leaders on the Trans-Pacific Partnership (TPP) trade agreement.
He was interviewed by Doug Bruhnke, CEO of Global Chamber, and audience members were able to get their questions answered.
The U.S. is one of 12 countries that TPP covers. Signed in February, 2016, TPP has been 6 years in the making.
Malaysia has already signed the agreement. Mr. Jimenez mentioned that all of the countries are on a path to approve it. The U.S. situation is a little more cloudy because of the anti-trade rhetoric that has been infused into the process thanks to the upcoming Presidential election. That makes it more important for everyone involved with U.S. companies doing trade to inform their local government leaders about how important this is to improve their business.
Some of the key facts about TPP...
- Reduces to Zero 18,000 Different Taxes on Made-in-America Exports
- Includes the Strongest Worker Protections of Any Trade Agreement in History
- Includes the Strongest Environmental Protections of Any Trade Agreement in History
- Helps Small Businesses Benefit from Global Trade
- Promotes E-Commerce, Protects Digital Freedom, and Preserves an Open Internet
- Levels the Playing Field for U.S. Workers by Disciplining State-Owned Enterprises (SOEs)
- Prioritizes Good Governance and Fighting Corruption
- Includes First Ever Development Chapter
- Supports Services Exports
We were particularly impressed about the elimination of tariffs on ALL manufactured goods exported from the U.S.
In addition now the U.S. will be well positioned in agriculture where there have been tariffs... like the 'sacred 5' in Japan... beef, pork, rice, dairy and wheat.
All business leaders serious about exporting to TPP countries and beyond should advise their representative to vote 'yes' on TPP.
This event was held in collaboration with Greater Phoenix Economic Council (GPEC) and #GPECAmbassadors.