Trans-Pacific Partnership Fact Sheet
May 29, 2016
The Trans-Pacific Partnership1 (TPP), a trade agreement among twelve countries in the Asia-Pacific region, represents the largest and fastest growing trade market for U.S. manufacturers of aerospace and defense (A&D) systems. Over the past decade, TPP countries have experienced significant economic growth, which has resulted in record demand for passenger travel and has fueled increased military spending in response to tensions with China and North Korea. As a result, demand for U.S. exports has grown considerably, including commercial aircraft and military systems, and imports of many A&D-related components parts and raw materials. Taken together, this trade activity serves as a major pillar of the U.S. A&D industrial base and is expected to grow as TPP countries continue to invest in new equipment and capabilities up and down the A&D supply chain.