business backgrounder | economy time for action
While years of negotiations led to a final TPP document , it won ’ t take effect until ratified by Congress .
It ’ s time for Congress to act and approve the TPP , said Eric Schinfeld , president of the Washington Council on International Trade .
“ As this study indicates , every year we do not implement the TPP is another year we are losing out on opportunities to reach our full economic potential ,” Schinfeld said . “ We already lost up to $ 8.7 billion and 26,000 direct jobs by not having the agreement in place . It ’ s urgent that Congress approve the agreement this year . The TPP is our opportunity to improve the way the world trades and create new opportunities for Washington employers and workers .”
AWB president Kris Johnson agrees , saying TPP would be good for employers of all sizes by strengthening Washington ’ s already vital export economy .
“ This study confirms that the best approach to growing our state ’ s economy is to strengthen our trade ties and thoughtfully break down foreign barriers for Washington exporters ,” Johnson said . “ Because 40 percent of Washington jobs are connected to trade and our state already has such strong economic ties to the Asia-Pacific region , Washington would benefit greatly from the passage of TPP .”
From Washington apples to beef , software to airliners , the Trans-Pacific Partnership will benefit Washington ’ s export industries — and the people they employ .
Washington Council on International Trade ’ s TPP backgrounder wcit . org / tpp /
Wins for Washington study bit . ly / 2016TPPstudy
“ This study confirms that the best approach to growing our state ’ s economy is to strengthen our trade ties and thoughtfully break down foreign barriers for Washington exporters . Because 40 percent of Washington jobs are connected to trade and our state already has such strong economic ties to the Asia-Pacific region , Washington would benefit greatly from the passage of TPP .”
— Kris Johnson , president , AWB fall 2016 49