Defense Secretary Calls TPP, TTIP Critical to Future US Security
Defense Secretary Ashton Carter on March 26 called on Congress to “reinforce our nation’s security” by passing Trade Promotion Authority and allowing the Obama administration to lock down pending trade pacts. “The bottom line is that, as global trade intensifies,…
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we need to be both at the helm, and in the thick of it,” he said at the State Department’s Global Chiefs of Mission Conference (here). “Three years ago, trade accounted for about a third of global GDP. In a decade, it could approach half of global GDP. America’s economy, and our security that depends on it, cannot afford to be left behind.” Some observers say the Trans-Pacific Partnership is nearing completion, and the U.S. is calling for progress this year in Transatlantic Trade and Investment Partnership negotiations. Carter said trade boosts jobs, and pointed to overlooked contributions the U.S. makes to global supply chains.