Gap Inc. Applauds Successful Conclusion of TPP Negotiations
SAN FRANCISCO – October 5, 2015 – Gap Inc. (NYSE: GPS) today applauded the successful conclusion of the Trans-Pacific Partnership (TPP) negotiations.
"International trade is vital to the global competitiveness of Gap Inc.,” said Sonia Syngal, Executive Vice President of Global Supply Chain and Product Operations, Gap Inc. “We employ tens of thousands of Americans who work in a variety of positions and professions across our company, and trade helps to sustain these jobs. We applaud the work of United States Trade Representative Mike Froman and other negotiators to conclude the TPP, which will create new opportunities for trade and investment for Gap Inc. and the retail industry.”
“We look forward to supporting an agreement that will bring significant value for American families, provide meaningful benefits for our industry and our workers, raise labor and environmental standards for millions of people across the Asia-Pacific region, and begin to level the playing field with our international competitors," Syngal added.
About Gap Inc.
Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, and Intermix brands. Fiscal year 2014 net sales were $16.4 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,300 company-operated stores, over 400 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.