Nike said Friday the company could bring thousands of jobs back to the U.S. if an Asian-Pacific trade agreement is approved.
The Beaverton, Oregon-based athletic clothing and shoe company said the Trans-Pacific Partnership would help it create 10,000 jobs in manufacturing and engineering in the United States over 10 years.
"We expect that will actually create more like 40,000 jobs when you look at suppliers, other manufacturers who will be involved, and partners, engineers, construction jobs," CEO Mark Parker said in an interview on CNBC's "Squawk on the Street." "So we think that this footprint will actually grow to a much larger number."
Parker was interviewed before President Barack Obama visited Nike headquarters on Friday to press his argument that the trade agreement can create jobs at home, counter China's economic influence abroad and raise labor and environmental standards by U.S. trading partners.
Mainstream Republicans back the plan, but Democrats have expressed concern about a potential loss of U.S. jobs if trade barriers in the region are lowered.
"Some of my dearest friends are wrong. They're just wrong," Obama said during his visit.