July 31, 2015, Lahaina, HI – We, the trade ministers of Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States, and Vietnam announce that, after more than a week of productive meetings, we have made significant progress and will continue work on resolving a limited number of remaining issues, paving the way for the conclusion of the Trans-Pacific Partnership negotiations.
Ministers and negotiators leave Hawaii committed to build on the momentum of this meeting by staying in close contact as negotiators continue their intensive engagement to find common ground. Negotiators will also continue to work to formalize the achievements that have been made this week.
In this last stage of negotiations, we are more confident than ever that TPP is within reach and will support jobs and economic growth.
The progress made this week reflects our longstanding commitment to deliver an ambitious, comprehensive and high-standard TPP agreement that will support jobs and economic growth across the Asia Pacific region.
Trans-Pacific Partnership (TPP)20150731-USTR Statement at WTO Trade Negotiations Committee
Unlocking Opportunity for Americans through trade with the Asia Pacific
President Obama’s trade agenda is dedicated to expanding economic opportunity for American workers, farmers, ranchers, and businesses. That’s why we are negotiating the Trans-Pacific Partnership, a 21st century trade agreement that will boost U.S. economic growth, support American jobs, and grow Made-in-America exports to some of the most dynamic and fastest growing countries in the world.
As the cornerstone of the Obama Administration’s economic policy in the Asia Pacific, the Trans-Pacific Partnership reflects the United States’ economic priorities and values. The TPP not only seeks to provide new and meaningful market access for American goods and services exports, but also set high-standard rules for trade, and address vital 21st-century issues within the global economy.
Here are a few of the ways the Trans-Pacific Partnership will unlock opportunity for you
The TPP will support Made-in-America exports
The TPP will make it easier to sell Made-in-America goods and services exports to some of the most dynamic and fastest growing markets in the world, and support homegrown jobs and economic growth.
The TPP will enforce fundamental labor rights
The TPP will level the playing field for American workers and businesses by building strong and enforceable labor standards.
The TPP will promote strong environmental protection
Environmental protection is a core American value. Through the TPP, the United States is negotiating for robust environment standards and commitments from member countries, and addressing some of the region’s most pressing environmental challenges.
The TPP will help American small businesses benefit from trade
American small businesses are the backbone of the U.S. economy, and have accounted for nearly two thirds of new private sector jobs in recent decades. The TPP will improve transparency and regulations to help U.S. companies engage in and benefit from increased trade in the Asia Pacific.
Unlocking Opportunity for America
The Trans-Pacific Partnership will grow trade with one of the world’s fastest growing regions, and share American values and commitment to improve labor practices and elevate environmental standards around the world.
The TPP will also have great benefits at home, for you and your community. Explore the below map to learn how the Trans-Pacific Partnership will benefit your state and industry, and help Made-in-America businesses grow and support local jobs through trade with the Asia Pacific Region.