More than 30 small businesses from across the country submitted testimony to the U.S. International Trade Commission for its report on the Trans-Pacific Partnership. This report, just released today, found that the trade agreement would reduce barriers for small businesses exporting. Many business leaders testified that TPP would improve their access to international markets by reducing tariffs. Others explained that TPP would protect their intellectual properties in member countries or help them compete with China. Several noted that increasing international trade would enable them to hire more workers to keep up with new demand. As mandated by trade promotion authority law signed by President Obama in June 2015, the USITC evaluated how the TPP would affect the U.S. economy. This analysis is the final requirement before Congress may introduce the implementation bill for the trade agreement.
Vezta Triumph Ltd. is honored to work with Business Forward and the US International Trade Commission (USITC) to support international trade. Vezta Triumph Ltd.’s official testimony can be found here in the USITC’s official report (page 656).