Page 23 - My FlipBook
P. 23
October 2015
U.S. Reaches Agreement with Its Eleven
Partner Countries on TPP
The White House - October 5, 2015. As negotiations example, TPP will eliminate and reduce import taxes – or tariffs
with TPP partners concluded the White House released – on the following Made in America exports to TPP countries:
the following fact sheet outlining what it expects from TPP:
Trans-Pacific Partnership (TPP) is a new, high-standard trade • U.S. manufactured products: TPP eliminates import taxes
agreement that levels the playing field for American workers on every Made in America manufactured product that the U.S.
and American businesses, supporting more Made in America exports to TPP countries. For example, TPP eliminates import
exports and higher-paying American jobs. By eliminating over taxes as high as 59 percent on U.S. machinery products exports
18,000 taxes – in the form of tariffs – that various countries to TPP countries. In 2014, the U.S. exported $56 billion in
put on Made in America products, TPP makes sure our farmers, machinery products to TPP countries.
ranchers, manufacturers, and small businesses can compete -
and win - in some of the fastest-growing markets in the world. • U.S. agriculture products: TPP cuts import taxes on Made
With more than 95 percent of the world’s consumers living in America agricultural exports to TPP countries. Key tax cuts
outside our borders, TPP will significantly expand the export of in the agreement will help American farmers and ranchers by
Made in America goods and services and support American jobs. expanding their exports, which provide roughly 20 percent of
all farm income in the United States. For example, TPP will
TPP Eliminates over 18,000 Different Taxes on Made in eliminate import taxes as high as 40 percent on U.S. poultry
America Exports products, 35 percent on soybeans, and 40 percent on fruit
exports. Additionally, TPP will help American farmers and
TPP levels the playing field for American workers and American ranchers compete by tackling a range of barriers they face abroad,
businesses by eliminating over 18,000 taxes that various including ensuring that foreign regulations and agricultural
countries impose on Made in America exports, providing inspections are based on science, eliminating agricultural export
unprecedented access to vital new markets in the Asia-Pacific subsidies, and minimizing unpredictable export bans.
region for U.S. workers, businesses, farmers, and ranchers. For
• U.S. automotive products: TPP eliminates import taxes as
high as 70 percent on U.S. automotive products exports to TPP
countries. In 2014, the U.S. exported $89 billion in automotive
products to TPP countries.
• U.S. information and communication technology
products: TPP eliminates import taxes as high as 35 percent on
U.S. information and communication technology exports to TPP
countries. In 2014, the U.S. exported $36 billion in information
and communication technology products to TPP countries.
21
U.S. Reaches Agreement with Its Eleven
Partner Countries on TPP
The White House - October 5, 2015. As negotiations example, TPP will eliminate and reduce import taxes – or tariffs
with TPP partners concluded the White House released – on the following Made in America exports to TPP countries:
the following fact sheet outlining what it expects from TPP:
Trans-Pacific Partnership (TPP) is a new, high-standard trade • U.S. manufactured products: TPP eliminates import taxes
agreement that levels the playing field for American workers on every Made in America manufactured product that the U.S.
and American businesses, supporting more Made in America exports to TPP countries. For example, TPP eliminates import
exports and higher-paying American jobs. By eliminating over taxes as high as 59 percent on U.S. machinery products exports
18,000 taxes – in the form of tariffs – that various countries to TPP countries. In 2014, the U.S. exported $56 billion in
put on Made in America products, TPP makes sure our farmers, machinery products to TPP countries.
ranchers, manufacturers, and small businesses can compete -
and win - in some of the fastest-growing markets in the world. • U.S. agriculture products: TPP cuts import taxes on Made
With more than 95 percent of the world’s consumers living in America agricultural exports to TPP countries. Key tax cuts
outside our borders, TPP will significantly expand the export of in the agreement will help American farmers and ranchers by
Made in America goods and services and support American jobs. expanding their exports, which provide roughly 20 percent of
all farm income in the United States. For example, TPP will
TPP Eliminates over 18,000 Different Taxes on Made in eliminate import taxes as high as 40 percent on U.S. poultry
America Exports products, 35 percent on soybeans, and 40 percent on fruit
exports. Additionally, TPP will help American farmers and
TPP levels the playing field for American workers and American ranchers compete by tackling a range of barriers they face abroad,
businesses by eliminating over 18,000 taxes that various including ensuring that foreign regulations and agricultural
countries impose on Made in America exports, providing inspections are based on science, eliminating agricultural export
unprecedented access to vital new markets in the Asia-Pacific subsidies, and minimizing unpredictable export bans.
region for U.S. workers, businesses, farmers, and ranchers. For
• U.S. automotive products: TPP eliminates import taxes as
high as 70 percent on U.S. automotive products exports to TPP
countries. In 2014, the U.S. exported $89 billion in automotive
products to TPP countries.
• U.S. information and communication technology
products: TPP eliminates import taxes as high as 35 percent on
U.S. information and communication technology exports to TPP
countries. In 2014, the U.S. exported $36 billion in information
and communication technology products to TPP countries.
21
