US Largest Business Federation Endorses TPP Trade Deal

The largest business association in the United States endorsed the proposed Trans-Pacific Partnership (TPP), a free-trade pact awaiting approval in the US Congress, the US Chamber of Commerce said in a press release.

WASHINGTON (Sputnik) — Earlier, Senator Sherrod Brown said TTP threatens the US auto industry’s recent recovery amid reports that car sales in the United States reached an all-time high in 2015.

"We’re rolling up our sleeves to work with the [President Barack Obama] administration, Congress and our TPP partners to ensure the agreement is implemented in a way that maximizes its commercial benefits," the release stated on Wednesday.

Obama announced the conclusion of the TPP deal back in October and sent the trade agreement to the US Congress for ratification. The trade agreement includes the United States and 11 Pacific nations that account for some 36 percent of global Gross Domestic Product in 2014.