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UP CEO upbeat on "Trans Pacific Partnership"


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#1 CNJRoss

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Posted 23 October 2016 - 12:50 PM

Reuters 10/20:
 

Despite U.S. campaign rhetoric, Union Pacific CEO upbeat on TPP

 

The top executive of railroad Union Pacific Corp said on Thursday that despite negative election campaign rhetoric about free trade agreements, they have benefited the U.S. economy and he is optimistic Congress will pass the Trans Pacific Partnership.

 

"If our lawmakers and our administration put the right glasses on and see TPP for what it is, there's a chance that it would be picked up and passed," Lance Fritz, chief executive of the largest U.S. railway, told Reuters. "I'm pushing for that and I hope for it."

 

Both major party nominees in the U.S. presidential race - Democrat Hillary Clinton and Republican Donald Trump - have criticized TPP, a sweeping pan-Pacific trade deal covering 12 countries negotiated by the Obama administration.

 

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