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 MICHIGAN
 Trans-Pacific Partnership

TPP Countries* are Important for Michigan’s Exporters

  • $38.1 Billion in goods exports from Michigan to TPP countries in 2015, including $1.2 Billion in goods exports to Japan, $95 Million to Malaysia, and $41 Million to Vietnam
  • 71% of Michigan’s goods exports went to TPP countries in 2015
  • 8,941 companies from Michigan exported goods to TPP countries in 2014 – 88% were small and medium sized companies

TPP Will Eliminate All Foreign Import Taxes on Industrial and Consumer Goods, Benefiting Michigan’s Top Export Sectors

Before TPP

After TPP

Chemicals


$479 Million
State’s Exports to New TPP Countries** in 2015

35% Current Maximum Tariff
in Sector


97.2%
of U.S. Goods Exports will be
Duty–Free Immediately
in the
New TPP Countries

Automotive
Products


$323 Million
State’s Exports to New TPP Countries** in 2015

75% Current Maximum Tariff
in Sector


98.2%
of U.S. Goods Exports will be
Duty–Free Immediately

in the
New TPP Countries

Machinery


$136 Million
State’s Exports to New TPP Countries** in 2015

59% Current Maximum Tariff
in Sector


96.8%
of U.S. Goods Exports will be
Duty–Free Immediately

in the
New TPP Countries

Health
Products

$127 Million
State’s Exports to New TPP Countries** in 2015

30% Current Maximum Tariff
in Sector


99.9%
of U.S. Goods Exports will be
Duty–Free Immediately

in the
New TPP Countries

High-Tech
Instruments


$72 Million
State's Exports to New TPP Countries** in 2015

25% Current Maximum Tariff
in Sector


99.6%
of U.S. Goods Exports will be
Duty–Free Immediately

in the
New TPP Countries


Michigan Companies and Workers Depend on World Markets

jobs270,240 U.S. Jobs: Supported by Goods
Exported from Michigan in 2015
$54.0 Billion: 2015 Total Goods Exports from Michigan

Cargo

14,997:
Companies Exported Goods from Michigan in 2014

jobs

89%:
SME share of Goods-Exporting Companies from Michigan in 2014

Storefront

23%:
SME share of Michigan’s Goods Exports in 2014

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Metropolitan Exports in 2015:
    metro
  • Detroit - Warren - Dearborn: $44.3 Billion
  • Grand Rapids - Wyoming: $5.1 Billion
  • Midland: $2.7 Billion

Additional New Market Access Benefits for Michigan

AgricultureAgriculture: TPP will provide new and commercially meaningful market access for U.S. exports of food and agricultural products; eliminate the use of agricultural export subsidies; discourage countries from imposing export restrictions; and ensure food safety, animal health, and plant health measures are developed and implemented transparently and in a science-based manner.

ServicesServices: TPP will expand market access and investment opportunities in a number of services sectors, including entertainment, telecommunications, software licensing, the Internet industry, retailing, and logistics/express delivery. TPP will bar discrimination against digital provision of services and prevent customs duties on electronic transmissions.

* TPP Countries: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru,
Singapore, the United States, and Vietnam

** New TPP Countries: Countries with which the United States currently does not have preferential
market access - Brunei, Japan, Malaysia, New Zealand, and Vietnam

For more information on the methods and calculations used, please see this guide.

 


 

 

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