Trade – Trans-Pacific Partnership (TPP)
The Trans-Pacific Partnership (TPP) is a free trade agreement signed in 2016 by Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States and Vietnam.
The United States withdrew in 1Q17, putting it at a competitive disadvantage when trading with the 11 countries that signed the TPP, at a time when the importance of Pacific Rim trade is growing.
- Rejoining the TPP could allow the United States to fully benefit from the burgeoning trade taking place in the region.
- Open, unbiased and rules-based trade is essential to global economic prosperity.
- Coupled with strong investment protections, free trade enhances energy security by encouraging access to resources and promoting the development and production of diverse energy supplies to meet growing global demand.
- As a global company, ExxonMobil relies on such trade and investment policies to facilitate effective supply chains and the efficient movement of capital, information, services, people and products – including oil and natural gas.