U.S. Chamber’s Donohue: Trade Deal Good for Pacific Economies [VIDEO]
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On his trip to Asia, U.S. Chamber President and CEO Tom Donohue spoke to CNBC’s Squawk Box Asia about prospects for the conclusion of Trans-Pacific Partnership (TPP) negotiations and progress being made on the agreement. The latest round of negotiations recently finished in Washington, DC with the next round of talks to take place in Bali, Indonesia next week.
Donohue said he hopes for a speedy conclusion to negotiations as long as a high-quality trade agreement is the result. “Speed is important. A thorough, fully-negotiated deal is more important. I hope we get it done soon,” said Donohue.
He noted the importance of TPP for future economic growth, saying it “will fundamentally strengthen the economies in the Pacific region and it will have a very major effect on the players that really need help.”