The Trans-Pacific Partnership: Prospects for Greater U.S. Trade

ISBN-13: 9781512237122 / Angielski / Miękka / 2015 / 88 str.

Subcommittee on Asia and the Pacific of

Opis

The scale of the United States' economic ties with Asia is vast. Three of seven of our top trading partners are in Asia. Three of our top six holders of U.S. Treasury bonds are in Asia, where their combined ownership exceeds $2.5 trillion. Increased U.S. presence in the Asia Pacific region through the Trans-Pacific Partnership would greatly improve the American economy as well as provide considerable diplomatic and strategic benefits. We live in a globalized world. It is only right for the United States to take advantage of the opportunities that globalization can afford us, especially as it can improve the livelihoods of Americans and improve trade and labor conditions abroad. Excluding ourselves from a monumental trade agreement that has clearly distinguished itself from previous Free Trade Agreements would be unproductive and detrimental to our interests in Asia.