Subscribe to our free, weekly email newsletter!



RILA praises further advance on Trans-Pacific Partnership

By Patrick Burnson, Executive Editor
February 25, 2014

As reported here in recent weeks, the Retail Industry Leaders Association (RILA) has long been championing the Trans-Pacific Partnership (TPP). RILA’s vice president for international trade was in Singapore for the talks with the twelve countries, meeting with negotiators and other stakeholders this week and issued another ringing endorsement.

“Immediate duty-free market access for apparel is a priority for retailers in the TPP. Duty-free market access would benefit hard-working American families, both in billions of dollars in duty savings and in supporting millions of American jobs that are part of the apparel global value chains,” emphasized Stephanie Lester, RILA’s vice president for international trade.

“It is clear that the TPP countries have a shared goal to conclude the TPP. Ambitious and comprehensive market access is key to a successful outcome. We look to all countries to offer comprehensive market access liberalization,” continued Lester. “We also urge Congress to renew trade promotion authority as quickly as possible to facilitate a robust trade agenda.”

The TPP is a prospective regional free trade agreement (FTA) between the United States and Australia, Brunei, Canada, Chile, Japan, Mexico, Malaysia, New Zealand, Peru, Singapore, and Vietnam. “It is estimated that a successful TPP agreement would boost global income by $295 billion a year, with $78 billion of that accruing to the United States,” Lester concluded, citing a study by the Peterson Institute.

Economic studies establish that 70 percent of the retail value of apparel imported into the United States is generated in the United States by American workers.  This translates into 3 million good-paying U.S. jobs that would benefit from a robust TPP agreement that provides immediate duty-free market access for qualifying goods.

RILA reiterates its support for a 21st Century TPP agreement that generates new trade and investment opportunities in all sectors for the benefit of American workers, businesses, and families. These opportunities include buying and selling goods and services, sustaining and growing well-paying U.S jobs, and providing high added value for the U.S. and TPP economies.

RILA supports the renewal of Trade Promotion Authority (TPA), also known as the Trade Priorities Act, to establish Congressional priorities and consultation procedures for international trade agreements. TPA provides trade policy direction to the president, and allows the President to pursue free trade agreements that create new trade and investment opportunities. Every U.S. President should have this authority.

About the Author

image
Patrick Burnson
Executive Editor

Patrick Burnson is executive editor for Logistics Management and Supply Chain Management Review magazines and web sites. Patrick is a widely-published writer and editor who has spent most of his career covering international trade, global logistics, and supply chain management. He lives and works in San Francisco, providing readers with a Pacific Rim perspective on industry trends and forecasts. You can reach him directly at .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Seasonally-adjusted (SA) for-hire truck tonnage in March was up 1.1 percent on the heels of a revised 2.8 percent (from 3.1 percent) February decline, with the SA index at 133.5 (2000=100). This is off 0.3 percent from the all-time high for the SA of 135.8 from January 2015 and is up 5 percent annually.

Intermodal volume was up 8.1 percent annually at 280,016 containers and trailers. This outpaced the week ending April 11 at 270,463 and the week ending April 4 at 271,127. AAR said this tally marks the second highest weekly output it has ever recorded as well as the first time container and trailer traffic was higher than carloads for a one-week period.

Ocean cargo carrier service reliability across the three core East-West trades hit a five-month peak in March with an aggregate on-time performance of 64 percent, according to Carrier Performance Insight, the online schedule reliability tool provided by Drewry Supply Chain Advisors.

The Airforwarders Association, which represents more than 360 companies that move air cargo through the supply chain, today applauded an agreement reached by Congressional leaders to advance legislation giving the President authority to conclude key global trade agreements.

Despite great opportunity for growth, the logistics market in Latin America is lagging behind other emerging markets thanks in part to its notoriety for corruption, violence, poor infrastructure and government bureaucracy.

Article Topics

Blogs · Global · Trade · Retail · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA