Shaping the future of trade: Oberhelman participates in APEC CEO Summit

Caterpillar Chairman and CEO Doug Oberhelman participated in the Asia-Pacific Economic  Cooperation (APEC) CEO Summit 2014 dialogue, “Asia Pacific Economic Integration and the Global Multilateral Trade System” on November 9 in Beijing, China.

Other dialogue participants were H.E. Michele Bachelet, President of Chile; Hon. Robert Azevedo, Director-General of the World Trade Organization; Dennis Nally, Global Chairman of PriceWaterhouseCoopers International LTD; and Frank Ning, Chairman of COFCO Corporation & ABAC Chair 2014.

Several Caterpillar leaders attended the Summit, including Ed Rapp, group president with responsibility for Construction Industries and Qihua Chen, vice president with responsibility for the China Operations Division.

Oberhelman also discussed the global economy, including potential Asia Pacific trade agreements, with CNBC.

“As long as we’re all talking about lowering trade barriers, eliminating tariffs, interchanging and being able to access each other’s markets, there will be benefits that will come out of this,” Oberhelman said.

Click here to see Oberhelman’s interview with CNBC.

The 21 APEC members account for over half of the world's economic output, 40 percent of the world's population, and 46 percent of total global trade. Since 2008, Caterpillar has exported more than $50 billion in products from its U.S. factories to APEC member economies, creating jobs in the United States and around the world.

More Caterpillar news coverage from APEC:

Doug Oberhelman Biography

Oberhelman joined the Caterpillar treasury department in 1975 and has worked in or led a wide variety of businesses across the company.

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Caterpillar is Helping Shape Asia Pacific's Future with ABAC

As part of its host year responsibilities, China took over as chair of ABAC and declared ABAC’s 2014 theme as “Building Asia Pacific Community, Mapping Long-Term Prosperity."

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