SIFMA today released the following statement from Acting President and CEO Kenneth E. Bentsen, Jr. after Acting U.S. Trade Representative Demetrios Marantis announced that the United States supports Japan's participation in the Trans-Pacific Partnership (TPP) negotiations.
"We applaud Japan's inclusion in the Trans-Pacific Partnership. Japan plays a large role in global financial markets and their inclusion in TPP negotiations will provide a more comprehensive agreement that will address barriers in financial services. SIFMA believes that for a 21st century TPP agreement, it must include a robust financial services chapter. Free trade agreements and the market access they provide are vital for the continued success of the financial services industry, its customers, shareholders and employees in the United States. The industry also plays a key role in the U.S. economy and should remain an integral part of our current trade agenda."
