This week, OFII released a new report that for the first time ever quantifies the impact trade agreements have on the United States' competitiveness for foreign direct investment (FDI) and related jobs: Unleash Global Investment in America – How TTIP and TPP have the power to increase global investment in the United States and create new American jobs.
Based on the analysis of the QUEST group within Ernst & Young LLP, our study shows that successfully negotiated TTIP and TPP agreements will bring an additional $173 billion in FDI and 1.4 million new U.S. jobs (check to see how your state would benefit).
W&M MEMBERS TOUT OFII STUDY AT CAPITOL HILL PRESS CONFERENCE:
Yesterday, I joined Reps. Pete Sessions (R-TX), chairman of the House Rules Committee; Pat Tiberi (R-OH), chairman of the Ways and Means Subcommittee on Trade; Charles Boustany (R-LA); Erik Paulsen (R-MN); and Tom Reed (R-NY) in releasing the trade study on Capitol Hill. Peter Fannon of Panasonic and Todd Malan of Rio Tinto also particpated in the press conference.