“21st century businesses, including small businesses, need to sell more American products overseas. Today, our businesses export more than ever, and exporters tend to pay their workers higher wages. But as we speak, China wants to write the rules for the world’s fastest-growing region. That would put our workers and businesses at a disadvantage. Why would we let that happen? We should write those rules. We should level the playing field. That’s why I’m asking both parties to give me trade promotion authority to protect American workers, with strong new trade deals from Asia to Europe that aren’t just free, but fair.
Look, I’m the first one to admit that past trade deals haven’t always lived up to the hype, and that’s why we’ve gone after countries that break the rules at our expense. But ninety-five percent of the world’s customers live outside our borders, and we can’t close ourselves off from those opportunities. More than half of manufacturing executives have said they’re actively looking at bringing jobs back from China. Let’s give them one more reason to get it done.” — Remarks by President Obama at the 2015 State of the Union Address
President Obama urged both Democrats and Republicans to give him TPA in order to close new trade deals in the Asia-Pacific and Europe, with arguments couched in terms of setting global gold standards for the future of world trade. President Obama acknowledged that some past agreements had not “always lived up to the hype,” and tried to reassure critics of past free-trade pacts that the current ambitious trade agenda will create jobs and growth here at home. (White House)
“Parliament must use its influence on framing TTIP rules to ensure that they serve all EU citizens, not just a few economic players and must therefore insist that the talks are more democratic and more transparent.” – Trade Committee Chair Bernd Lange, MEP
Merkel declared that the proposed agreement between the United States and the European Union offers “a unique opportunity” for the two sides to set global standards. The German Chancellor stressed the potential for increased economic growth as a result of an agreement. In addition, Merkel argued that a trade deal with the United States would safeguard, preserve, and extend the EU’s high consumer protection and environmental standards.