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U.S. International Trade Commission releases report on TPP impact

May 23rd, 2016 / By: / Industry News, News

The U.S. International Trade Commission (USITC) recently released its report assessing the likely impact of the Trans-Pacific Partnership (TPP) Agreement that the U.S. has entered into with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam, according to the National Marine Manufacturers Association (NMMA).

The USITC’s report, “Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors,” provides an assessment of the likely impact of the agreement on the U.S. economy as a whole and on specific industry sectors and the interests of U.S. consumers, as requested by the U.S. Trade Representative and required by the Bipartisan Congressional Trade Priorities and Accountability Act of 2015.

In making its assessment, the commission investigated the impact the agreement will have on the U.S. gross domestic product; exports and imports; aggregate employment and employment opportunities; and the production, employment and competitive position of industries likely to be significantly affected by the agreement.

The full report is available online. For information on why the TPP is important to the recreational boating industry, a policy brief is available. For more information, contact Nicole Vasilaros at nvasilaros@nmma.org.

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