BR Business Roundtable : New Data: Trade with Trans-Pacific Partnership Countries Supported 15.6 Million American Jobs in All States in 2014

Business Roundtable today released the most up-to-date national and state-level data on the benefits of trade between the United States and the 11 countries - Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam - that are party to the Trans-Pacific Partnership (TPP) agreement.

'As the new Business Roundtable data show, the TPP represents a momentous opportunity to expand U.S. trade with the TPP countries for American companies, farmers and workers - and support well-paying jobs in every state,' said Thomas Linebarger, Chairman and Chief Executive Officer of Cummins Inc. and Chair of the Business Roundtable International Engagement Committee.

'By further removing trade barriers, the TPP will significantly improve access for U.S. goods and services to the 11 other TPP countries across the Asia-Pacific region. That makes the TPP a powerful engine for U.S. economic growth and job creation,' said Linebarger.

In total, trade between the United States and the TPP countries supported 15.6 million American jobs in all states and accounted for $726 billion in U.S. exports in 2014. Forty-five percent of U.S. goods exports went to TPP countries.

The TPP will boost U.S. trade and investment ties with these countries and further open up these markets. It will do so by, among other things, eliminating or reducing an estimated 18,000 foreign tariffs on American-made products and addressing non-tariff barriers to U.S. exports of goods and services.

Click here for the Business Roundtable national and state-by-state fact sheets on the benefits of trade with the other TPP countries.