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Discover President Obama’s economic agenda to create jobs, promote growth, and strengthen the middle class through trade initiatives like the TPP and T-TIP. Learn how trade benefits the U.S. economy.
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U.S. TRADE REPRESENTATIVE E X E C U T I V E O F F I C E O F T H E P R E S I D E N T 2014 NACoAnnual Conference
President Obama’s Economic Agenda Create Jobs, Promote Growth, Strengthen the Middle Class • Private sector added 9.7 million jobs over 52 straight months of job growth • Exports leading the way - record $2.3T last year • Each additional $1B in exports supports over 5,000 jobs
Trade Agenda: Unlocking Opportunity for Americans 95% Percentage of the world’s consumers living outside of the U.S. 80% Percentage of the world’s purchasing power outside of the U.S.
Trade Agenda: Unlocking Opportunity for Americans Trans-Pacific Partnership (TPP) • 12 countries • 3 of America’s 4 top trading partners – Mexico, Canada, Japan • 40% of global GDP • 1/3 of global trade
Trade Agenda: Unlocking Opportunity for Americans Trans-Atlantic Trade & Investment Partnership (T-TIP) • America’s largest export market • Goal = eliminate all tariffs on trade • Promote the global competitiveness of small & medium sized enterprises
Trade Agenda: Unlocking Opportunity for Americans Trade in Services Agreement (TiSA) • Combined services markets of more than $30T • 3 out of 4 American jobs already in services • 28% of all U.S. exports were from private services trade in 2012
Trade Agenda: Unlocking Opportunity for Americans National Export Initiative NEXT • Helping businesses find their NEXT customer abroad • Increasing the efficiency of shipments • Federal/state/local partnerships • Helping communities integrate trade and investment into their NEXT growth plans