International Engagement | Page 7 | 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.

At Davos, So Many Topics for Business Leaders

As always, this week's meeting of the World Economic Forum at Davos, Switzerland, offers journalists a wealth of interview possibilities, including sit-downs with CEOs of major global companies who also are members of Business Roundtable.

From CNBC, here's a collection of the most recent interviews, covering a wide range of topics from Aetna's plans to raise its employees' wages, to net neutrality, to the necessity of tax reform and educational quality to improve economic growth. 

We'll add more citations as they come in.

Taxes, Trade, Transportation and More ... President Obama at Business Roundtable

President Obama spent a generous 90-plus minutes at Business Roundtable on Wednesday, delivering remarks and taking questions from BRT CEOs. A White House transcript is available here, and the White House also posted a blog entry. CSPAN has posted the video

The Economy, Taxes, Immigration, Education, Gas Prices -- and More! Business Leaders on CNBC's Squawk Box

CNBC's morning news and interview program, Squawk Box, set up operations this morning in conjunction with Business Roundtable's final quarterly meeting of the year, speaking to a dozen CEOs. The topics covered the full range of the economy, and all sectors were well represented.

As always, CNBC also did a great and job posting clips from their video interviews. A round-up:

CEO Survey: An Economy Growing Well Below Its Potential

Business Roundtable today released its Fourth Quarter CEO Economic Outlook Survey, with results showing declining expectations for capital spending and sales over the next sixth months. Hiring, the CEOs projected, will tick up slightly. 

For all of 2015, GDP is expected to grow at 2.4 percent, the same growth rate as this year. 

AS BRT Chairman Randall Stephenson, Chairman and CEO of AT&T, said in briefing reporters, the economy continues to expand, but "at a rate well below its potential, especially when you compare it to previous recoveries.”

Business Leaders Welcome Progress on Critical WTO Agreements

Business Roundtable today welcomed announcements by the Administration of significant steps forward on the World Trade Organization (WTO) Trade Facilitation Agreement and an expansion of the WTO Information Technology Agreement.

Chevron and Ecuador: Legitimate Arguments against an Illegitimate Lawsuit

Judges have the legal authority to stop trial lawyers from cashing in on lawsuits that rely on fraud to produce illegitimate judgments in foreign courts, Business Roundtable and top legal scholars argue in a friend-of-the-court brief filed in the U.S. Court of Appeals for the Second Circuit.

America’s Business Leaders Welcome Ex-Im Bank Extension, Stress Need for Long-Term Reauthorization

Business Roundtable today welcomed the passage of a nine-month extension of the Export-Import Bank (Ex-Im Bank), but urged Congress to continue working to pass a long-term reauthorization bill.

On the Panama Canal's Centennial

Today marks the 100th anniversary of the opening of the Panama Canal, an event that (post WWI) helped launch the globalized economy we prosper from a century later. It also extended America's strategic reach farther into the Pacific, a critical development after victory in the Spanish-American War and the rise of Japanese power.

Much of today's news coverage seems unnecessarily jaundiced: Canal expansion too limited, boosters oversell project, Chinese pondering Nicaraguan canal. All legitimate issues, but how about first celebrating human progress?

Canada-EU Trade Agreement: A Model?

From BBC News, "Canada-EU free trade deal may pave way for US agreement":

Canada and the European Union have agreed the final text for a free trade agreement that could provide a blueprint for a US-EU trade deal.

Tuesday's deal will cut tariffs between Canada and the EU by 98% and could boost trade by 20%, or about $20bn.

The 1,500 page document still has to be translated into 23 languages and reviewed by lawyers.

Business Making an Impact in Africa

U.S. businesses have been prominent during this week's U.S.-Africa Leaders' Summit and, more specifically, at the U.S.-Africa Business Forum. Some highlights from Business Roundtable CEOs and others from their companies.


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.