Caterpillar Praises Passage of Free Trade Agreements

By WEEK Reporter

Caterpillar Praises Passage of Free Trade Agreements

October 21, 2011 Updated Oct 21, 2011 at 11:30 AM CDT

A long-time supporter of free trade, Caterpillar is praising members of Congress and President Obama for the passage of several new trade agreements.

Caterpillar Chairman and CEO Doug Oberhelman was among those present for the bill signing Friday morning, in which the president made official Free Trade Agreements for Colombia, Panama, and South Korea. 

"These agreements will make Caterpillar products more competitive in Colombia, Panama, and South Korea, which we believe will lead to more exports to those countries while supporting American jobs," said Oberhelman.

Oberhelman added that the passage of the agreements show that Washington can work in a bipartisan manner for "the good of the country".

"I hope this leads to a greater level of civility," added Oberhelman.  "This enhances our ability to sell more mining trucks, large motor graders and scrapers made in Decatur, Illinois, and track-type tractors made in East Peoria, Illinois, to Panama for the canal expansion and to Colombia to support mining customers."

More information can be found at www.caterpillar.com