TPP: An Opportunity for U.S. Economic Growth and Jobs | Trade Benefits America

TPP: An Opportunity for U.S. Economic Growth and Jobs

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The Trans-Pacific Partnership (TPP) agreement under negotiation between the United States and 11 other countries – Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam – will strengthen trade and investment across the Asia-Pacific region. These markets are critical for U.S. goods and services exports, and a high-standard TPP agreement will help to bolster the U.S. economy and support jobs.

  • In 2012, trade with the TPP countries supported an estimated 14.9 million American jobs and 45 percent of U.S. goods exports went to those countries.
  • U.S. goods exports to the six TPP countries that are current U.S. free trade agreement (FTA) partners – Australia, Canada, Chile, Mexico, Peru and Singapore – accounted for nearly 40 percent of U.S. good exports globally in 2012 and nearly 20 percent of services exports globally in 2011.
  • The United States exported $90.8 billion in goods in 2012 and $49.1 billion in services in 2011 to the “new FTA” countries – Brunei, Japan, Malaysia, New Zealand and Vietnam.

For more information on how trade and U.S. trade agreements, including TPP, benefit America and on the importance of passing Trade Promotion Authority to provide more benefits, click here