Published: April 12, 2013
Business Roundtable welcomed today’s announcement by Acting U.S. Trade Representative Demetrios Marantis that the United States supports Japan’s participation in the Trans-Pacific Partnership (TPP) negotiations. Doug Oberhelman, Chairman & CEO, Caterpillar Inc., and Chair of Business Roundtable’s International Engagement Committee, made the following statement:
“Business Roundtable applauds the U.S. government for welcoming Japan’s participation in the TPP negotiations, and commends Japan’s agreement to meet the high standards of the TPP.
“Japan is the world’s third largest economy and its inclusion in the TPP would help maximize the benefits of the agreement to U.S. economic growth, goods and services exports and job creation. Business Roundtable supports Japan joining the TPP and continues to urge negotiators to pursue an ambitious and expeditious conclusion to the TPP.”
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.