AIA: Singapore Airshow Demonstrates Value of TPP
February 15, 2016
Singapore — The Aerospace Industries Association participated in the ribbon cutting ceremony for the U.S. International Pavilion at the Singapore Airshow today as a symbolic gesture signifying the commitment of the U.S. Aerospace and Defense industry to increasing international trade and partnerships with America’s friends and allies in the Asia-Pacific region.
“Here at the Singapore Airshow, we are working with our foreign partners and allies to strengthen freedom’s cause and enhance the relationships that makes our world more prosperous, innovative and secure,” said AIA’s Chief Operating Officer Bob Durbin. “National economies throughout the Pacific, including the United States, will be given an additional boost with the ratification of the Trans Pacific Partnership, which will increase international trade here substantially, benefitting consumers and workers alike.”
The signatory countries of the Trans-Pacific Partnership – a trade pact for the 21st Century – represent the destination and source of nearly 40 percent of U.S. exports and imports. The U.S. Aerospace and Defense industry stands to benefit as increased international trade and travel leads directly to increased demand for our industry’s products and services.
“Increasing global competition for market share forces American exporters and our government partners to be forward leaning, particularly in the Asia-Pacific region,” Durbin added. “It’s important that we use every tool at our disposal to enhance trade and promote closer ties with our friends and allies around the world. Our industry looks forward to facilitating broader trade to the substantial benefit of all sectors of the U.S. economy.”
Trade in the Pacific region is particularly important to the U.S. Aerospace and Defense industry, as demonstrated by the commitment of companies to participating in the upcoming Singapore Airshow. According to U.S. International Pavilion organizer Kallman Worldwide, Inc., more than 140 American companies are exhibiting at Singapore, ranging from publicly traded stalwarts to privately held small and medium enterprises. On Monday, February 15, AIA and Kallman Worldwide signed a Memorandum of Agreement to develop greater collaboration to extend American global leadership in aerospace and defense.