New Congress to Receive "The Language of Trade"

Business Roundtable Issues Updated Reference Guide on International Trade

Washington, DC - With numerous issues on the agenda for 2007, Business Roundtable today released a valuable resource designed to provide up-to-date information on the often complex world of international trade. The Language of Trade is a simple-to-use reference publication with important information designed to facilitate the work that must to be done to expand U.S. markets, grow our economy, and ensure continued U.S. global economic leadership.

The 2007 edition of The Language of Trade is being distributed to all Members of Congress and will be available at www.trade.businessroundtable.com in a searchable format for easy reference and download. This publication is part of a multi-year Business Roundtable effort to promote strong appreciation for the economic benefits of liberalized U.S. trade and investment policies.

"The Language of Trade was first published last year, and proved to be an extremely popular tool for Members of Congress and staff alike," said Brigitte Schmidt Gwyn, Business Roundtable Director of International Trade & Fiscal Policy. "This Business Roundtable publication is designed to help advance the understanding of an increasingly complex international system. We hope this reference tool continues to be a valued resource for Congress and the Administration as they work together to ensure continued U.S. global economic leadership."

The Language of Trade includes three sections:

• Trade Liberalization Timeline - To help put the recent history of global trade policy in context and illustrate the enormous impact trade liberalization has had on worldwide economic growth.
• Commonly Used Acronyms - Even the experts can get confused with the plethora of organizations and acronyms that come up in day-to-day discussion of international trade and investment policy.
• Glossary of Terms - A handy reference guide that will help make even the most complex document or discussion understandable.

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Business Roundtable (www.businessroundtable.org) is an association of chief executive officers of leading U.S. companies with $4.5 trillion in annual revenues and more than 10 million employees. Member companies comprise nearly a third of the total value of the U.S. stock markets and represent over 40 percent of all corporate income taxes paid. Collectively, they returned $112 billion in dividends to shareholders and the economy in 2005.

Roundtable companies give more than $7 billion a year in combined charitable contributions, representing nearly 60 percent of total corporate giving. They are technology innovation leaders, with $90 billion in annual research and development spending - nearly half of the total private R&D spending in the U.S.

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