Third Way Statement on Announcement of a 12 Country Deal on the Trans-Pacific Partnership
October 05, 2015
Third Way today issued the following statement from Gabe Horwitz, Vice President for the Economic Program:
“Many said that it couldn’t be done, that it would be too hard to craft a high-standards trade deal with 12 countries representing 40% of the world’s GDP. But the Obama Administration was unwavering in its commitment, staring down the politics of the past in order to help Americans look to the future and compete in the 21st century. We applaud the fact that 12 nations came together to forge the most ambitious and progressive trade deal ever.
“The global economy will grow by over $60 trillion in the next 15 years, with almost 90% of that occurring outside of the United States. The fact is there is no path to new middle class jobs and wage hikes that doesn’t include seizing our rightful share of that worldwide growth. And there is no path to seizing that rightful share without passing the Trans-Pacific Partnership. With this landmark deal, the United States and our partners have made a strong statement that we will write the rules in the region and not leave it up to China. These rules remove trade barriers, protect workers and the environment, and establish high standards that allow Americans to compete on a level playing field.
“We urge Democrats and Republicans to now grab this opportunity to write the global economic rules of the future. For the future of the middle class, Congress must now pass the Trans-Pacific Partnership.”
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