Published: October 03, 2011
Washington - "The White House took important action today to help American companies and workers compete in international markets by submitting the trade agreements with Colombia, Panama, and South Korea so Congress can pass them,” said John Engler, President of Business Roundtable (BRT). “We appreciate the White House moving the ball forward and that much closer to crossing the goal line."
“The United States has been sitting on the sidelines for far too long, while our foreign competitors have secured game-changing trade agreements for their workers and companies at the expense of ours. To help keep the United States competitive and promote U.S. economic growth and jobs, we urge the House to quickly pass the pending agreements and the bipartisan Trade Adjustment Assistance package. These three trade agreements will also create an estimated 250,000 jobs, which are much needed at a time when more than nine percent of Americans are out of work."
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.