The United States has the largest economy in the world. One of the most important reasons our country continues to prosper is our trade relations with the rest of the world. In 2013, US exports worth $2.3 trillion enabled almost 12 million Americans to earn a livelihood and provide for their families. These exports accounted for almost 14% of the GDP. With the Transpacific Partnership, we can increase these numbers greatly.
Owing to investments in physical and human capital, our country is able to produce world-class products and services using innovative technologies. The Transpacific Partnership will make it easier to sell these products in new, emerging, and previously unexplored markets. It will expand the market, increase demand, and fuel production in US industries. The partnership will support millions of small businesses by connecting them with an exciting new market. It will improve labor laws in the United States and in partner countries and bring more transparency to regulations. It will create thousands of jobs and help raise wages.
The Transpacific Partnership will reinforce our position as one of the best partners for international trade. It is a golden opportunity to bring greater prosperity within reach of hard-working Americans and take the US economy to new heights.
