Published: February 13, 2013
Washington – Business Roundtable (BRT) praised the U.S.-EU High Level Working Group on Jobs and Growth for recommending the launch of U.S.-EU trade and investment negotiations and U.S. and EU leaders for announcing their decision to each take the steps necessary to launch the negotiations.
“We commend the U.S. and EU leaders and the High Level Working Group for promoting much needed economic growth and job creation,” said Doug Oberhelman, Chairman & CEO, Caterpillar Inc., who chairs BRT’s International Engagement Committee. “Ambitious U.S.-EU negotiations will strengthen transatlantic economic relations and reinforce the open market and rules-based principles of the global trading system.”
In December 2011, the High Level Working Group, led by U.S. Trade Representative Ron Kirk and EU Trade Commissioner Karel De Gucht, was established and asked to identify policies and measures to encourage
additional trade, job creation, economic growth and international competitiveness for the United States and the EU.
“The Business Roundtable was an early advocate for U.S.-EU negotiations because we believe a reenergized transatlantic partnership will deliver real economic value,” said John Engler, President of the Business Roundtable. “Negotiations should launch as soon as possible this year to eliminate trade and investment barriers and to build regulatory cooperation across the Atlantic.”
BRT members back U.S.-EU negotiations as a way to expand opportunities for growth for the United States and Europe. The trade and investment relationship is already strong:
Over the last year and a half, the Business Roundtable has been at the forefront of working toward a strengthened U.S.-EU economic relationship and urging negotiations on trade, investment and regulatory cooperation issues. Among its activities:
Business Roundtable’s international trade and investment priorities, including U.S.-EU trade negotiations, are included in its recently released “It’s Time to Act for America's Future: 2013 CEO Growth Agenda.”
Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with more than $7.3 trillion in annual revenues and nearly 16 million employees. BRT member companies comprise nearly a third of the total value of the U.S. stock market and invest more than $150 billion annually in research and development – equal to 61 percent of U.S. private R&D spending. Our companies pay $182 billion in dividends to shareholders and generate nearly $500 billion in sales for small and medium-sized businesses annually.
BRT companies give more than $9 billion a year in combined charitable contributions.