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Lilly CEO Lechleiter Outlines Opportunities for Improved Health and Economic Growth in Asia-Pacific Region
Date:11/10/2011

two years ago. This regional free-trade agreement includes the United States, Australia, Brunei, Chile, Malaysia, New Zealand, Peru, Singapore and Vietnam. Other countries, including Japan, may join the partnership as well, further increasing the economic importance of the TPP.  

"U.S. engagement with the countries of the Asia-Pacific region must be a vital part of any national strategy for re-igniting our economy," said Lechleiter.  "Yet, U.S. economic engagement with the region has been declining over the last decade. While our competitors in Europe and elsewhere have increased their presence and, in some cases, have signed new free trade agreements in Asia, we have fallen behind – suffering the loss of trade and significance in the region.  We simply cannot let this happen."

Trade supports 38 million U.S. jobs – more than one in five – with nearly 18 million relying on transactions with America's current free trade agreement partners.  "We need to build on that strength, taking advantage of this week's APEC summit to make substantial progress towards conclusion of the TPP.  But as with any trade deal, it needs to be done right," Lechleiter said.  

Intellectual-Property Protection

According to Lechleiter, adopting a stronger intellectual-property protection system is essential to creating a more robust, innovative health care sector that continues to drive economic growth in the Asia-Pacific region.

"U.S. companies are the world's leading innovators and creators, and by continuing to nourish and protect our IP-reliant industries, we can help drive economic growth at home and abroad," said Lechleiter.  

"A system that supports strong intellectual property protection in the Asia-Pacific region is essential for increasing U.S. companies' ability to export," said Lechleiter. "High standards of intellectual property protection are especially critical to innovative i
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SOURCE Eli Lilly and Company
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