International Engagement | Page 4 | Business Roundtable

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What is Business Roundtable

Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.

More Than Leaders. Leadership.

Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.

About BRT

Open markets for international trade and investment are essential for supporting U.S. economic growth and jobs. Business Roundtable supports policies that promote U.S. trade and investment, and create a level playing field for U.S. companies competing in global markets.

Statement by America’s Business Leaders on Conclusion of TPP Negotiations

BRT released the following statement on the conclusion of the Trans-Pacific Partnership (TPP) negotiations: “We thank President Obama, Ambassador Froman and the U.S. negotiating team for their tireless work on the TPP negotiations, and we look forward to reviewing the details of this agreement,” said Tom Linebarger, Chairman and Chief Executive Officer of Cummins Inc. and Chair of the Business Roundtable International Engagement Committee.

News Roundup: President Obama Speak at the Business Roundtable

President Obama's remarks at the Business Roundtable on Wednesday and the Q&A with CEOs that followed offered a long list of topics for the media to report on: The economy and budget showdown, China and the upcoming U.S. trip of President Xi Jinping, cybersecurity, trade and the Trans-Pacific Partnership, energy policy and ozone regulation, immigration and education.

Congress: Reauthorize the U.S. Export-Import Bank

Business Roundtable CEOs call on Congress to pass a multi-year reauthorization of the U.S. Export-Import (Ex-Im) Bank as soon as possible.

BRT Letter Urging Export-Import Bank Reauthorization

U.S. companies – both large and small – are losing out to foreign competitors that continue to receive export financing from one or more of the 85 foreign export credit agencies (ECAs) around the world. In the face of fierce foreign competition, it is critical for Congress to restore a level playing field for U.S. companies and workers by reauthorizing Ex-Im Bank.

America’s Business Leaders Welcome Progress in TPP Negotiations

Progress made during the recent TPP negotiations is encouraging, and Business Roundtable urges negotiators to continue working together to achieve a comprehensive and high-quality agreement as soon as possible.

Trade Compromise Points Way to Action on Economic Growth

This bipartisan approach can serve as an effective model for even more legislative successes in the future.

Joint Association Letter on TTIP Negotiation

The Business Coalition for Transatlantic Trade (BCTT) is made up of major companies and associations that support conclusion of an ambitious, comprehensive, and high-standard trade and investment agreement between the United States and the European Union.

Business Roundtable Statement on Importance of Reauthorizing Export-Import Bank

“We urge Congress to pass a multi-year reauthorization of the Export-Import Bank in July to help U.S. companies sell their goods and services around the world and support jobs and economic growth across the country,” said Tom Linebarger, Chairman and Chief Executive Officer of Cummins Inc. and Chair of the Business Roundtable International Engagement Committee.

America’s Business Leaders Applaud Enactment of Trade Promotion Legislation

“By enacting this important trade expansion legislation, Congress and the President took a major step toward creating more high-wage jobs for U.S. workers and greater opportunity for middle-class families,” said Business Roundtable Chairman Randall Stephenson, Chairman and CEO of AT&T Inc.

Business Leaders Welcome House Passage of TAA; Urge Obama to Sign Bill Into Law

“By reauthorizing the Trade Adjustment Assistance program, the House of Representatives has made an important investment in workers’ skills and training,” said Tom Linebarger, Chairman and Chief Executive Officer of Cummins Inc. and Chair of the Business Roundtable International Engagement Committee.

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Committee Priorities

The United States and 11 other countries have completed the Trans-Pacific Partnership (TPP), a modern trade agreement that creates new opportunities for American manufacturing and services businesses large and small to compete in a global economy. The TPP cuts over 18,000 foreign taxes on American-made products, leveling the playing field for U.S. exporters.

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As business leaders representing every sector of the economy, we know that trade — both exports and imports — and U.S. trade agreements help drive America’s economic growth, competitiveness and job creation. Currently, trade supports more than one in five American jobs. Exports account for nearly 14 percent of overall U.S. GDP, and since 2004, U.S. exports have grown faster than GDP.

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Competing in the Global Marketplace

Business Roundtable supports policies that help U.S. companies and workers increase their competitiveness in the global marketplace and ensure that U.S. and foreign markets remain open for trade and investment. 

With over 95 percent of the world’s population and 80 percent of the world’s purchasing power outside of the United States, Business Roundtable supports: (1) Actively pursuing strategic bilateral and regional negotiations, including the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP); (2) Actively pursuing plurilateral negotiations like the Trade in Services Agreement and an expanded WTO Information Technology Agreement; and (3) Vigorously enforcing U.S. rights under existing and future agreements.

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Trade Promotion Authority (TPA) is a critical tool for advancing the U.S. trade agreements to support U.S. economic growth and jobs.

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Emerging Growth Markets

Tapping into the world’s emerging markets – like China and India – is one of the keys to U.S. economic growth and job creation. Business Roundtable encourages constructive engagement by: (1) targeting the elimination of market access barriers and discriminatory treatment of U.S. exporters and investments; and (2) enforcing U.S. rights under international trade and investment rules to ensure that U.S. companies and workers are not disadvantaged by discriminatory foreign government policies.

Promoting Trade

Business Roundtable supports: (1) reauthorizing the U.S. Export-Import Bank to help U.S. companies compete for sales abroad and support the U.S. jobs that depend on those sales; (2) continuing to implement reforms to outdated U.S. export controls; and (3) increasing international regulatory cooperation through initiatives such as the TPP and TTIP negotiations and the high-level U.S. regulatory working groups with Canada and Mexico.