The approval of Trade Promotion Authority is a crucial step in ensuring the US stays invested in Asia’s economic development. For AmCham China, we believe the US government’s unequivocal engagement on trade and investment issues can be a driving force in market liberalization that will greatly improve economic performance and help move China up the innovation value chain. This is especially important as China’s economy slows and faces painful adjustments.
With TPA approved, negotiators can now get down to the hard work of getting the Trans-Pacific Partnership over the line and securing a high-quality US-China Bilateral Investment Treaty. Representing the largest market liberalization exercises in China since it joined the World Trade Organization, these two initiatives will help US companies remain competitive in the region, promote US exports and create jobs for US companies.
James Zimmerman, Chairman of the American Chamber of Commerce in China