The breakthrough at the WTO could not have been possible without the direct and personal engagement of Prime Minister Modi and President Obama. Michael Froman More Quotes by Michael Froman More Quotes From Michael Froman Globalization exists but we shouldn't conflate globalization with trade agreements. Trade agreements is how we can shape globalization. Michael Froman globalization shapes agreement In government procurement, for example, the opportunity German firms have in the United States is 10 times larger than in Canada. Michael Froman united-states government opportunity Of course, the UK is a significant economy that makes up a quarter of American exports to the EU, more than 50 percent of our exports in certain sectors and over 25 percent of the government procurement opportunities we have in Europe. Brexit reduces the size of the TTIP deal for the United States, and there will need to be an adjustment of expectations accordingly, but Brexit underscores the value of reaching an agreement at this critical moment in the evolution of Europe. Michael Froman government agreement opportunity We had made a pretty big point of making it clear that we weren't willing to sacrifice our domestic economic interests for the sake of some foreign policy issue, we should be careful about 'paying' China -- in terms of standing down on economic issues -- for doing what is in their interest already. Conceivably, they'd prefer not to see instability and military escalation on the Korean Peninsula. Michael Froman politics It helps underscore you can't build walls around the U.S.. Michael Froman politics The approval process has been stuck for a long time, we're encouraging China to move them out. Michael Froman business This pace of engagement is impressive, but shouldn't be surprising for what President Obama declared the 'defining partnership of the 21st century', our task is to build on our mutual interests, with mutual respect, and deliver on the promise of that partnership. Michael Froman world
