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The Dow Chemical Company (NYSE: DOW) welcomes the passage of The Bipartisan Congressional Trade Priorities and Accountability Act of 2015. This bipartisan and modernized Trade Promotion Authority (TPA) legislation is an important next step in strengthening the U.S. economy and serves as a necessary element to drive America's leadership of the global rules-based trading system.
"Congress has taken an important step forward to improve America's global competitiveness," said Andrew N. Liveris, Dow's chairman and chief executive officer. "TPA will help create jobs and drive economic growth, and is a critical component of our broader trade agenda. As the largest chemical manufacturer in the United States and as a member of the President's Export Council, Dow remains committed to promoting increased American exports and economic prosperity."
TPA will ensure that future trade deals, including the Trans-Pacific Partnership (TPP) and the Transatlantic Trade and Investment Partnership (TTIP), will meet these high standards and create opportunities for American exporters and investors to access the growing global middle class of consumers around the world.
We commend the leadership in both Chambers of the U.S. Congress and look forward to the President signing this critical legislation in a timely manner.
Dow combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from the intersection of chemical, physical and biological sciences to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, industry-leading portfolio of specialty chemical, advanced materials, agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2014, Dow had annual sales of more than $58 billion and employed approximately 53,000 people worldwide. The Company's more than 6,000 product families are manufactured at 201 sites in 35 countries across the globe. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.