19 May FDRA issued the following statement on the International Trade Commission report on the likely impact of the Trans-Pacific Partnership (TPP):
“We are excited that today the U.S. International Trade Commission (ITC) released the report on the likely economic impact of the Trans-Pacific Partnership (TPP),” said FDRA President Matt Priest, “The ITC report reaffirms the significant positive impact that this historic free trade agreement will have on the U.S. footwear industry and the U.S. economy — while not negatively affecting U.S. footwear production. TPP is a once-in-a-generation opportunity for footwear companies and consumers, generating $500 million in savings for the industry the first year of implementation alone and $6 billion over the first decade. This is critical to the 21st century footwear innovation and job creation needed to propel the industry forward, and it will provide real value to American footwear consumers. We believe the ITC report makes a strong case on the need for Congress to pass TPP as soon as possible and will help advance this important agreement.”
The Footwear Distributors and Retailers of America (FDRA) is the footwear industry’s trade association in Washington, DC.
Full ITC Report: https://www.usitc.gov/publications/332/pub4607.pdf