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Brady: Substance of TPP Will Drive Its Timing

May 18, 2016

WASHINGTON, D.C. – Today, House Ways and Means Chairman Kevin Brady (R-TX) released the following statement in response to the International Trade Commission’s (ITC) report on the impact of the Trans-Pacific Partnership (TPP) agreement on the U.S. economy.

“We appreciate the ITC’s thorough review and look forward to studying its report. In particular, I note the ITC’s finding that implementing TPP would grow our economy, increase net exports and create jobs. Many TPP chapters have the potential to expand markets for U.S.-made goods and services and establish evenhanded rules to allow Americans to compete.

“At the same time, the agreement is not perfect. We will also continue to work with the Administration to resolve Members’ outstanding concerns about this agreement. Again, it’s the substance of TPP that will drive the timing and process in Congress, not the other way around. We cannot move forward until the Administration has addressed Member concerns on key aspects of the agreement, including by developing implementation plans on key obligations in the agreement to ensure that our trading partners will comply and TPP will deliver significant benefits across our country. We are committed to making sure that the TPP creates new American jobs, grows our economy and increases our competitiveness in the global market.”