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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.

Jobs, beef and Russia's accession to the WTO

Feb 23, 2012
Carter Wood

Thanks to Sen. Max Baucus, chairman of the Senate Finance Committee, for using a tour of a John Deere plant to emphasize the economic potential of Russia's accession to the World Trade Organization.

From a Feb. 22 news release, "Baucus Tours John Deere Facility in Russia to See U.S. Export Success Story":

“John Deere is an example of how expanding trade abroad can boost our economy and create jobs in Montana and across the United States.  This is a success story, and passing permanent normal trade relations for Russia will help more businesses repeat it,” Baucus said.  “Passing permanent normal trade relations for Russia gives us access to the Russian market without the United States giving up anything in return.  We need to capitalize this kind of one-way benefit that helps our economy and our businesses by providing jobs and growth here in the U.S., all at no cost to us whatsoever."

BRT welcomed Russia's joining the WTO in a December statement, also urging Congress to grant Permanent Normal Trading Relations status to Russia to expand trade relations while furthering U.S. competitive interests. Excerpt:

"As Russia moves forward to complete its domestic process for joining the WTO, Business Roundtable is committed to working with the administration and Congress to quickly pass Permanent Normal Trade Relations legislation for Russia,” said Doug Oberhelman, Chairman and CEO of Caterpillar Inc., who chairs BRT’s International Engagement Committee. “The legislation is needed so that U.S. exporters and workers can enjoy all of the benefits of Russia’s accession to the WTO – the same opportunities available to all WTO member countries competing to sell their products and services to Russia.”

Coverage of the Senator's visit and other Russia/WTO developments:

By the way, Deere & Company is marking its 175th anniversary this year. Congratulations!