Today, leaders of the New Democrat Coalition, led by Chair Ron Kind (WI-03) and Chairs of the New Democrat Coalition Trade Task Force released the following statement upon the Administration's announcement that the U.S. has successfully completed bilateral consultations to support Japan's inclusion in the Trans Pacific Partnership (TPP) negotiations:
"Today's announcement marks a key development in the TPP negotiations. We are pleased that after months of bilateral discussions, Japan has expressed its readiness to put everything on the table and meet the high standards of a comprehensive TPP agreement. It is essential that the U.S. insist on that principle as a cornerstone for moving forward with TPP negotiations. The new framework includes real progress to open up Japan's market for U.S. businesses, including in the automotive and insurance sectors and nontariff measures.
"Japan's inclusion is a recognition of its importance as a global trading power. Japan is our fourth largest goods trading partner and the third largest economy in the world. We believe the inclusion of Japan in TPP, assuming its adherence to open markets and free trade principles, could help bolster our economic and security integration in the Asia-Pacific, bringing more jobs to the American workforce and enhancing America's standing in the global economy. We look forward to working with the Administration as it hammers out a TPP agreement this year, which can serve as a model for 21st century trade agreements."
Statement supported by New Dem Leadership Members, led by Chair Representative Ron Kind (WI-03), Vice-Chairs Representatives Gerry Connolly (VA-11) and Rick Larsen (WA-02), as well as New Dem Trade, Critical Infrastructure and Manufacturing Task Force Chairs Representatives Gregory Meeks (NY-05) and Cedric Richmond (LA-02).
The New Democrat Coalition is dedicated to maintaining America's standing as the world's strongest, most successful nation. Founded in 1997, the New Dems believe firmly in the power of American ingenuity and innovation, and are focused on finding ways to foster and harness this creativity to grow our economy, create new American jobs, and ensure a safer and more secure future for our country.