RILA believes that the Trans-Pacific Partnership (TPP) agreement will save consumers hundreds of millions of dollars each year through reduced or eliminated duty
costs. The 12 TPP member countries account for nearly 40 percent of global GDP and about one-third of world trade. Given its size, a successful TPP agreement would set a new precedent for trade rules in the 21st century
while cutting over 18,000 tariffs. The most important priorities for retailers in the TPP are to eliminate duties and create workable rules on high-tariff items, such as apparel and footwear, and reduce supply chain choke
RILA will work with other stakeholders to educate policymakers about the benefits the TPP agreement will provide American consumers and advocate for its approval.
Transatlantic Trade and Investment Partnership
In 2013, the United States launched negotiations on a Transatlantic Trade and Investment Partnership (T-TIP) with the European Union (EU), our biggest trading
partner. RILA supports a successful T-TIP agreement that would reduce tariffs and other trade barriers and provide more regulatory harmonization for retailers that operate in both the U.S. and EU markets.