Business Roundtable Applauds Approval of DR-CAFTA

WASHINGTON, DC - Harold McGraw III, Chairman, President and CEO, The McGraw-Hill Companies and Chairman, Business Roundtable International Trade and Investment Task Force today congratulated the House of Representatives for approving the U.S.-Dominican Republic/Central America Free Trade Agreement (DR-CAFTA):

"On behalf of Business Roundtable CEOs and our combined workforce of more than 10 million employees, I congratulate the House of Representatives for successfully passing DR-CAFTA. The agreement will expand opportunities for U.S. businesses and workers, allowing them to sell more products and services abroad, creating jobs and growing the U.S. economy."

"By approving DR-CAFTA, Congress reaffirmed this country's commitment to expanding trade and prosperity throughout Central America, and to helping lock-in democratic progress in region. In addition, the passage of DR-CAFTA, also demonstrates the U.S. commitment to a global leadership role on trade, which will be vital in reaching a successful conclusion to the Doha Round of WTO negotiations."

"I would also like to congratulate President Bush on this historic accomplishment. The hard work of key Cabinet officials, including USTR Rob Portman, Secretary of Commerce Carlos Gutierrez and Secretary of Agriculture Mike Johanns, were vital in securing the votes to pass DR-CAFTA."

For more information on the benefits of DR-CAFTA, visit Business Roundtable's Trade Resource Center at http://trade.businessroundtable.org.

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Business Roundtable (www.businessroundtable.org) is an association of chief executive officers of leading corporations with a combined workforce of more than 10 million employees and $4 trillion in annual revenues. The chief executives are committed to advocating public policies that foster vigorous economic growth, a dynamic global economy, and a well-trained and productive U.S. workforce essential for future competitiveness.

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