(WASHINGTON) – The following is the official statement of Teamsters General President Jim Hoffa in response to the White House today releasing the text of the 12-nation Trans-Pacific Partnership (TPP), a deal which would lead to tens of thousands of U.S. jobs being shipped overseas and lower wages for many Americans.
“A month has passed since trade officials from around the Pacific Rim signed off on this pact. While we are pleased that Congress and the public will now be able to see the entire text of this massive agreement, viewing it in person will not make it any better for U.S. workers.
“Americans’ fears over how the TPP will tamp down on wages, allow foreign companies to sue governments and create even larger trade deficits due to a lack of currency manipulation controls are very real and justified. And because Congress approved fast track trade promotion authority earlier this year, there’s not a damn thing elected officials can do about it except oppose ratification of this bad deal when it comes to a vote.
“Officials have talked about side deals and special arrangements that they say will improve the agreement. But they are unenforceable and won’t help protect the jobs of hardworking Americans. That’s why there is only one right answer for lawmakers when it comes to TPP. Just say no.”
Founded in 1903, the International Brotherhood of Teamsters represents 1.4 million hardworking men and women throughout the United States, Canada and Puerto Rico. Visit www.teamster.org for more information. Follow us on Twitter @Teamsters and “like” us on Facebook at www.facebook.com/teamsters.