Trade and U.S. trade agreements have a proven record of promoting U.S. economic growth and jobs. Exports accounted for one-third of U.S. economic growth between 2009 and 2014, and trade supported 41 million American jobs in 2014. Given that more than 95 percent of the world’s population and 80 percent of its purchasing power lies abroad, U.S. trade agreements help U.S. companies, farmers and workers sell their goods and services to those customers. In 2014, U.S. free trade agreement (FTA) partner countries purchased 13 times more goods per capita from the United States than non-FTA countries did.
The Trans-Pacific Partnership (TPP) is a modern trade agreement for a modern economy that removes foreign tariffs (taxes) and other trade barriers and sets strong and enforceable rules for free and fair trade, which will make American companies, workers and farmers more competitive in international market.