NATIONAL HARBOR, Md.
— President Biden spoke at the Economic Summit of the World Trade Organization Thursday, outlining his plan to revive the nation’s economy, create jobs and boost trade, according to a White House release.
The event was meant to highlight the administration’s plan to re-negotiate the Trans-Pacific Partnership, or TPP, a free-trade agreement between 12 Pacific Rim nations, including the United States.
The administration is holding the summit in Washington, D.C., with the U.S. Chamber of Commerce, American Farm Bureau Federation, National Federation of Independent Business, United Auto Workers and other trade unions.
The White House and other members of the international community have been working on reviving the U-shaped economy in a way that is in the interest of American workers and workers across the world.
Biden said he has made progress on the Trans Pacific Partnership and the TPP, which was struck during the George W. Bush administration.
He also said that the U’s economy is in good shape.
The economy has grown by an average of 3.2 percent annually since the recession ended in 2009, he said.
Bidens administration announced that he has finalized the president’s plan for re-signing the TPP and said that it is an ambitious effort that includes a path forward on intellectual property and a path to phase out U.s. tariffs on all foreign goods, including automobiles, agricultural products and manufactured goods.