Contact: |
John Schachter |
|
(202) 872-1260 |
Release Date: |
04/05/2000 |
(WASHINGTON, DC)-More than two dozen leading chief
executives took to Capitol Hill on April 5 to meet with
members of Congress to urge support for Permanent Normal
Trading Relations (PNTR) status for China. The CEOs are in
town for meetings of The Business Roundtable, which is leading
the business community's effort in support of PNTR.
"Permanent Normal Trading Relations status for China
presents the United States with an unparalleled and historic
opportunity," said Philip M. Condit, Chairman, BRT Task Force
on International Trade and Investment. "With 1.3 billion
people, China is the world's largest emerging marketplace. If
Congress fails to pass PNTR, American companies will lose this
huge market to our foreign competitors." Condit is Chairman
and Chief Executive Officer of The Boeing Company.
In today's meetings, CEOs representing a wide variety of
industries - from manufacturing to hi-tech, agriculture to
chemicals - and representing companies such as General Motors,
Sun Microsystems, Caterpillar, Texas Instruments, New York
Life and Eastman Kodak, met with key Republican and Democratic
leaders and undecided members of the House and Senate. A vote
is expected by the end of May on whether to grant PNTR to
China and thereby allow the United States to reap the benefits
of the trade deal negotiated with China last fall.
"We are taking no votes for granted in this fight. U.S.
companies are on the front lines of trade with China, and we
know that continuing to open foreign markets to U.S. goods is
an important driver of our economic growth - boosting our
exports, creating jobs, and increasing our prosperity," Condit
added. "It will also help to make the world a safer place by
choosing engagement over isolation. By engaging China
commercially the Chinese will be exposed not only to
democratic ideals and values, but Western environmental and
fair labor standards."
The BRT is supporting passage of PNTR in Washington and
nationally through its goTRADE organization. The
goTRADE initiative is a national grassroots trade
education campaign that has mobilized thousands of individuals
and businesses across America to call on Congress to pass
PNTR. For more information visit www.brt.org and http://www.gotrade.com/.