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setUoYouRPROFILE's blog: "tufui"

created on 08/25/2011  |  http://fubar.com/tufui/b343104

U.S. Chamber of Commerce chief Thomas J. Donohue, in Honolulu for the week-long Asia Pacific Economic Cooperation summit, is urging APEC's political leaders to reach agreement on the nine-nation Trans-Pacific pact, calling it the best chance for the U.S. to tap into the world's most lucrative markets. The U.S., he warned in a speech this week, is "already behind the eight ball in Asia." Mr. Donohue, who is participating in APEC's CEO Summit along with hundreds of business leaders, is pressing for an aggressive trade agenda that he believes would benefit U.S. businesses. The nine nations in the Trans-Pacific Partnership—the U.S., Australia, Brunei, Chile, Malaysia, New Zealand, Peru,sacs louis vuitton Singapore and Vietnam—are involved in talks to form a free-trade zone in the Asia-Pacific. In a wide-ranging interview with Dow Jones and The Wall Street Journal, the 73-year-old president and chief executive of the Chamber shared his concerns about the euro-zone crisis and trade frictions between the U.S. and China as political leaders prepared to discuss the Trans-Pacific trade pact. The more and more you get into the political season, one of the things that everybody finds it's necessary to do is make their China comment, because in economically challenging times, countries all over need to become somewhat protectionist and tell their citizens that we're ... protect[ing] jobs here in America. When in fact, the reality is China's one of our fastest growing export markets, and how do you walk away from ... a country that has 1.3 billion people and massive growth in the middle class.

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