President Obama said Tuesday that forging new trade deals should serve as a catalyst to job creation and broader economic growth in the United States.
At a meeting of the President’s Export Council, Obama said that many of the jobs generated during the nation’s economic recovery have been driven by growing exports amid a goal to double them by 2015.
One of the best ways to maintain that growth “is making sure that we get in place strong trade deals.”
He argued that getting all sizes of U.S. businesses more access to these markets can “make a huge difference in terms of our long-term prospects.”
After moving forward with three long-delayed trade deals — South Korea, Panama and Colombia — in 2011 the administration has “now been moving aggressively on the Trans-Pacific Partnership (TPP),” which Obama says can further help U.S. companies and workers “because it sets a bar that ensures that trade is fair and free.”
The U.S. and 10 other countries are wrapping up the 16th round of TPP negotiations in Singapore with an aim to complete a deal by the end of the year.
“For those of us who abide by high labor standards and high environmental standards, obviously being able to lock in those kinds of high standards in the fastest-growing region of the world and the most populous region of the world can yield enormous benefits and help to generate billions of dollars in trade and millions of jobs,” Obama said.
Chosen excerpts by Job Market Monitor
via Obama: Trade deals best avenue to US job creation – The Hill’s On The Money.
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