The U.S. Chamber of Commerce and the National Association of Manufacturers (NAM) have delayed taking a formal position on the Trans-Pacific Partnership (TPP) due to continuing objections from member companies over the agreement's provisions on biologic drugs, financial services and tobacco, according to informed sources.
December 24, 2015 | Inside U.S. Trade
These companies are still pushing the business associations to delay making a statement on TPP in order to see whether and how the objections they and Republican lawmakers have raised are addressed by the administration, these sources said.
Even with the delay, sources said they expect the Chamber and NAM to be ready to take formal positions on TPP in January. Chamber President Tom Donohue is slated to give his annual State of American Business address on Jan. 14, and one source predicted that the business group would take a position on TPP either on or before that date.
In a related development, the National Foreign Trade Council on Dec. 22 became the third major cross-sectoral U.S. business association to issue a statement in support for the TPP, following the U.S. Council for International Business and the Emergency Committee for American Trade.
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