Says Pact Will Create New Opportunities For American Companies

Dennis Muilenburg, Boeing president and CEO, says that the Trans-Pacific Partnership (TPP), a large free-trade agreement under consideration by the U.S. and 11 Asia-Pacific nations, will support U.S. export growth in some of the world's fast-growing markets.

The agreement was reached Monday, but faces scrutiny in the U.S. Congress.

"Free-trade agreements create new opportunities for American companies and their workers. I thank the United States Trade Representative and fellow trade negotiators for their commitment to finalizing this agreement," Muilenburg (pictured) said in a prepared statement. "U.S. companies need to be able to compete and win in global markets to support well-paying jobs at home. It's critical we provide our manufacturers and exporters with the best tools to compete on a level-playing field in markets worldwide.

"More than 70 percent of Boeing's commercial airplane revenue last year came from customers outside the United States, while more than 90 percent of our total workforce and 80 percent of our suppliers are based here in the United States. Looking ahead, the global economy will be more important than ever to our future growth."

(Source: Boeing news release. Image from file)

FMI: www.boeing.com