Oregon institutions voice support for TPP


The trade agreement with 11 Asian nations is championed by Nike, Columbia Sportswear, the Oregonian.

Share this article!

BY JACOB PALMER | DIGITAL NEWS EDITOR

Nike, Columbia Sportswear and the Oregonian all expressed their support for Trans-Pacific Partnership.

Nike played host for Barack Obama’s speech seeking support for the trade pact in May.

Its statement: “Nike applauds the Obama Administration and Ambassador (Michael B.) Froman for successfully concluding country negotiations on the historic Trans-Pacific Partnership (TPP). Nike supports TPP because it will allow us to innovate, expand our business and drive economic growth. Open trade enables U.S. companies to compete and consumers to win.”

Columbia weighed in on the impact of the measure:

“It’s good for consumers of our types of products,” said Peter Bragdon, Columbia’s executive vice President, chief administrative officer and general counsel, though he added, “It’s years out in terms of the economic impact on this industry.”

(SOURCE: OregonLive.com)

And the Oregonian editorial board wrote a column with the headline “Trans-Pacific Partnership deserves full Oregon support.”

Those who oppose the deal point to a range of issues – job losses, the U.S. trade deficit, low wages in some member countries and low-price competition, among others. Some of the trends that critics cite are concerning, but the pressures on U.S. jobs and wages come from many sources other than trade deals. In fact, a good case can be made that increased trade can increase wages. Traded-sector jobs in the Portland area pay about 40 percent more than other jobs, according to a 2012 study by EcoNorthwest. Traded-sector industries are those that produce goods that are consumed outside the region, including domestic as well as foreign sales. But increasingly businesses are seeking a worldwide customer base, and the TPP countries are among the most logical targets for Oregon companies.

From an Oregon perspective, the deal offers something for just about everyone. It will improve access to markets for corporate giants such as Nike and Intel, while also making it easier for many smaller operations – from blueberry growers to winemakers to niche manufacturers – to find new customers for their products. It should lead to increased business at the Port of Portland, at a time when the Port is struggling with the loss of container-shipping service.

(SOURCE: OregonLive.com)

RELATED NEWS: Trans-Pacific Partnership moves forwardNike reports $30.6B in annual revenueHow much does a visit from Obama cost in OT for cops?Obama’s trade agenda hinges on Sen. Wyden 

 


Published in Categories News