The Retail Industry Leaders Association (RILA) issued the following statement in response to news that the Trans-Pacific Partnership (TPP) negotiations have concluded and an agreement has been reached among the 12 participating Asia-Pacific nations, including the United States.
"Retailers welcome today's news and applaud U.S. Trade Representative Michael Froman and U.S negotiators for their commitment to bolstering U.S. competitiveness around the world," said RILA President Sandy Kennedy. "The TPP agreement is historic and will save American families hundreds of millions of dollars by providing American businesses with improved access to critical markets throughout the Pacific Rim. We look forward to supporting the agreement and working to ensure the benefits of the TPP agreement are understood as the agreement is ratified through Congress."
Ms. Kennedy also serves as a member of the White House Advisory Committee for Trade Policy and Negotiations. She was first appointed to the position in 2010.
RILA is the trade association of the world's largest and most innovative retail companies. RILA members include more than 200 retailers, product manufacturers, and service suppliers, which together account for more than $1.5 trillion in annual sales, millions of American jobs and more than 100,000 stores, manufacturing facilities and distribution centers domestically and abroad.