Business Roundtable Sees USTR China Review as Basis for Opportunity

U.S.-China Trade Policy Must Promote U.S. Economic Growth

Washington, D.C. - Business Roundtable today commended the release of the U.S. Trade Representative's China "Top to Bottom" Review, calling it both an opportunity and a roadmap to focus on the positive steps that the United States can take to improve economic and trade ties, to strengthen prospects for further U.S. economic growth, and to address current problems impacting the U.S.-China trade relationship.

"China is the fastest growing economy in the world, offering tremendous growth potential for American companies, agriculture and workers, but we must create new and better opportunities to sell U.S. goods and services," said Harold McGraw III, Chairman, President and CEO, The McGraw-Hill Companies, and Chairman of Business Roundtable's International Trade & Investment Task Force. "This report creates the foundation for achieving that goal."

Mr. McGraw added, "Ambassador Portman and the Administration should be congratulated for taking a critical step in developing a comprehensive approach to address ongoing issues of concern while moving forward with a constructive and positive approach to U.S.-China trade policy."

Business Roundtable was pleased that while acknowledging the many challenges U.S. trade with China presents, USTR indicated that it will pursue a strategy that, if implemented, promises to produce positive and long-lasting results for the U.S. economy and U.S. consumers.

"The challenges we face with China are complicated and will require substantial resources and cooperation between the executive branch, Congress, and the private sector," Mr. McGraw continued. "A strong U.S.-China trade relationship will help level the playing field by ensuring that China lives up to its international obligations, will promote U.S. international competitiveness, and will benefit American consumers."

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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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