Published: June 19, 2012
Washington – Business Roundtable (BRT) welcomed the further expansion of the Trans-Pacific Partnership (TPP) negotiations today to include Canada, the United States’ largest trading partner. Today’s action follows yesterday’s inclusion of Mexico in the TPP.
“The inclusion of Canada today and Mexico yesterday in the TPP makes good business sense,” said John Engler, President of Business Roundtable. “This sets the stage for making the TPP an even more dynamic engine for supporting U.S. economic growth, opening foreign markets and establishing strong rules for international commerce.”
Business Roundtable encourages U.S. negotiators to continue to work with their Japanese counterparts to seek inclusion of Japan in the TPP on the basis of meeting the same high standards as the other TPP participants.
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Business Roundtable (BRT) is an association of chief executive officers of leading U.S. companies with over $6 trillion in annual revenues and more than 14 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 – nearly half of all private U.S. R&D spending. Our companies pay $163 billion in dividends to shareholders and generate an estimated $420 billion in sales for small and medium-sized businesses annually.
BRT companies give nearly $9 billion a year in combined charitable contributions.