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NEW OFII TRADE STUDY

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.

Given that employees associated with insourcing companies earn significantly higher wages than the economy-wide average, policymakers now have 1.4 million new reasons to support TPA legislation and the trade agreements it will facilitate.

Regards,

Nancy

 

Nancy McLernon

President & CEO

 

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