Here’s food for thought . . . Free trade strengthens America and America’s workers.
President Obama has invested seven years negotiating a free trade agreement – the Trans-Pacific Partnership – with 11 Asia-Pacific countries and the United States, representing 40 percent of the world’s GDP.
To the president’s credit, the Trans-Pacific Partnership would reduce or eliminate 18,000 taxes or fees on American employers struggling to compete globally.
It is imperative that the United States Congress ratify the president’s Trans-Pacific Partnership in 2016. As President Obama has stated:
- 40 million American jobs depend on trade.
- On average, export-related jobs pay up to 18 percent more than non-export related jobs.
- Every $1 billion in exports supports on average 5,800 American jobs.
- Over the past five years alone, there has been an increase of 1.8 million jobs related to exports.
Kudos to the president for insisting on the strongest labor and environmental provisions of any U.S. trade deal in history, which is good for America and America’s workers, and vital to workers throughout the world.
Silicon Valley, it is time to step forward and support the president. Let’s encourage our own congressional delegation to do likewise.