RILA praises further advance on Trans-Pacific Partnership

As reported here in recent weeks, the Retail Industry Leaders Association 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.

By ·

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

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 [email protected]

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!

Article Topics

Global · Retail · Trade · All Topics
Latest Whitepaper
Increase Efficiency and Profits with Smarter Logistics Planning
Optimize your fleet by maximizing capacity and reducing empty miles
Download Today!
From the May 2017 Issue
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management, but what sort of technologies fall under these broad terms, and how will they change the management capabilities at our disposal? To find out, we talked to some noted supply chain analysts, consultants and technology executives and gathered six digital trends to watch.
Transportation Trends and Best Practices: The Battle for the Last Mile
2017 Technology Roundtable: Are we closer to “Intelligent” Logistics?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Going Beyond Rate Negotiations for Logistics Cost Savings
The pressure to reduce cost is a fundamental part of every organization today leaving many supply chain professionals constantly renegotiating rates. This webcast examines four areas that may hold untapped savings potentials and even help organizations negotiate better rates.
Register Today!
EDITORS' PICKS
The Evolution of the Digital Supply Chain
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management,...
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...

LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...