Chevron Applauds U.S.-Korea FTA Agreement
SAN RAMON, Calif., April 4, 2007 -- Chevron Corporation (NYSE: CVX) today expressed its support for the U.S.-Korea Free Trade Agreement, commending both negotiating teams for concluding an agreement that will advance the interests of both countries as well as enhance global trade, with all the attendant benefits to each country's companies, workers and consumers.
Chevron is a founding member of the U.S.-Korea Free Trade Agreement Coalition and has worked closely with the U.S. negotiating team to ensure that strong investment protections were maintained. These protections encourage investments overseas that create opportunities in the United States and abroad.
"We congratulate President Bush and President Roh on reaching an outstanding agreement and we extend our deepest thanks to the negotiators from both sides. Chevron looks forward to actively working to build public and Congressional support for this important agreement," said Peter Robertson, vice chairman, Chevron Corporation.
Chevron Corporation is one of the world's leading energy companies. With approximately 56,000 employees, Chevron subsidiaries conduct business in approximately 180 countries around the world, producing and transporting crude oil and natural gas, and refining, marketing and distributing fuels and other energy products. Chevron is based in San Ramon, Calif. More information on Chevron is available at www.chevron.com.
Updated: April 2007