WASHINGTON — Progressive Coalition for American Jobs Advisory Board members Governor Christine Gregoire, Ambassador Ron Kirk, and Governor Deval Patrick issued the following statement before the signing ceremony of the Trans-Pacific Partnership by the 12 member countries in New Zealand:
"Today the United States and 11 other nations will sign the Trans-Pacific Partnership, a trade deal that will help bring our economy into the 21st century by opening up new opportunities for Americans investing overseas, strengthening protections for our environment, and leveling the playing field for workers here at home. This is a positive step toward passing this bold, progressive agreement that will eliminate 18,000 taxes on American-made goods while helping build an economy that works for all Americans, not just the very few.
"Congress should act to secure this deal and ensure that it is the United States that writes the rules of the road on trade in the years to come. And with a $77 billion loss to the American economy for every year we delay the implementation of the TPP, the time to act is now."
Last week, the Peterson Institute for International Economic released a study outlining the positive economic impacts of the Trans-Pacific Partnership:
- The agreement will lead to large U.S. export growth; $357 billion higher each year by 2030
- TPP will lift U.S. national income annually by $131 billion starting in 2030
- A single year’s delay in implementing the agreement will cost the U.S. economy $77 billion
- The TPP will lead to higher wages, benefitting both skilled and unskilled workers.
The Progressive Coalition for American Jobs brings together progressives and Democrats committed to leveling the playing field for American workers and building a stronger economy for all of us.
For more information, visit PCAJ.org.