Caterpillar CEO Urges Permanent Trade Relations with Russia

Published 06/20 2012 07:10PM

Updated 04/26 2013 11:49AM

Caterpillar's CEO Doug Oberhelman urged Congress Wednesday to act with urgency by passing legislation establishing permanent trade relations with Russia, according to a release from the company. In testimony before the House Ways and Means Committee, Oberhelman also outlined the benefits to the United States economy based on Russia entering the WTO and Congress taking action to normalize trade with Russia. Since 1992, the U S has maintained normal trade relations with Russia on a temporary, year to year basis.

Copyright 2015 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.