As President Biden heads to New Zealand next week to attend the Asia Pacific Economic Cooperation Leaders’ Meeting, the American Chamber of Congresses from Singapore, Malaysia, Vietnam, and New Zealand are urging him to consider joining a sweeping international trade deal former President Trump withdrew from in 2017.
The American Chamber of Congresses from Singapore, Malaysia, Vietnam, and New Zealand released a joint statement on Friday urging Biden to use the upcoming APEC event to announce his commitment to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The combined AmChams represent hundreds of American businesses across the APAC region.
The current CPTPP is an outcropping of the Trans-Pacific Partnership, a 12-country trade agreement signed by President Obama in 2016 but never ratified by Congress.
Republicans – and some Democrats – argued the TPP would move US jobs overseas and only benefit large corporations while increasing the US trade deficit.
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