Printer Friendly

MIDWESTERN BUSINESSES OPTIMISTIC ABOUT NAFTA IMPACT, ACCORDING TO SURVEY CONDUCTED BY CONTINENTAL BANK

 CHICAGO, June 8 /PRNewswire/ -- Midwestern business executives are optimistic that the North American Free Trade Agreement (NAFTA) will pass this year, and that it will have a positive impact on their bottom lines, according to a poll released today by Continental Bank. The company surveyed more than 100 executives from both middle-market and large Midwestern businesses and selected national companies attending a bank-sponsored conference on NAFTA today in Chicago.
 The conference, titled "Beyond Borders: Strategic Imperatives for Growth," will focus on the strategic implications of NAFTA for U.S. businesses that want to import to, export from, or invest in Mexico.
 Of executives polled before today's conference, nearly 65 percent said NAFTA's passage is likely in 1993.
 Although executives don't predict a significant net impact during the next year, an overwhelming majority, 88 percent, said they expect NAFTA to have a positive net impact on their businesses before the turn of the century.
 "We wanted to provide a forum for our customers to receive the latest market information and knowledge from international experts conducting business in Mexico today," said Alison Falls, a managing director at Continental Bank. "As an institution, Continental Bank supports free trade, and while we recognize that our customers have a wide range of views on the issue, we believe that the impact of NAFTA on American businesses will be important and positive."
 Conference speakers include former Deputy Trade Representative Michael Moskow and Mexican Investment Board President Jaime Alatorre. Roundtable discussions and workshops will feature a number of local and national business leaders.
 "As more organizations seek markets outside the United States for trade through the export of products to Mexico, joint ventures with Mexican companies or establishing manufacturing facilities outside the U.S., they need a forum like `Beyond Borders' to share ideas and opportunities," said Falls. "Anticipating the needs of our customers, Continental Bank continues to provide the resources businesses need to compete effectively in new markets."
 -0- 6/8/93
 /NOTE TO EDITORS: Continental Bank N.A. focuses on meeting the capital and financial management needs of public and privately held businesses nationwide. The bank provides business financing, specialized financial and operating services, and private banking services. Continental also engages in equity finance and investing, as both principal and arranger, and international trading./
 /CONTACT: Bill Murschel, 312-923-5130, or Jeffrey Smith, 312-828-1739, both of Continental Bank/
 (CBK)


CO: Continental Bank N.A. ST: Illinois IN: FIN SU: ECO

GK -- NY058 -- 6615 06/08/93 14:11 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jun 8, 1993
Words:412
Previous Article:MONTGOMERY WARD ELEVATES SENIOR EXECUTIVES
Next Article:PAY-AT-THE-PUMP TERMINALS FOR 2,000 MOBIL STATIONS
Topics:


Related Articles
MIDWESTERN BUSINESSES OPTIMISTIC ABOUT NAFTA IMPACT, ACCORDING TO SURVEY CONDUCTED BY CONTINENTAL BANK
MIDWEST BUSINESS EXECUTIVES FAVOR BALANCED BUDGET PROPOSAL, BUT FEW THINK BUDGET GOAL WILL BE REACHED
MICHIGAN BUSINESS EXECUTIVES OPTIMISTIC ABOUT 1996
TOP MISSOURI EXECUTIVES OPTIMISTIC ABOUT 1996; FAVORABLE OUTLOOK ON JOBS
North American Business Executives Worry U.S. Risks Falling Behind In Global Economic Race
Pacific Continental Bank Named One of Oregon's Top 100 Best Companies.
PNC Economic Outlook Survey: Small Business Owners Expect Growth in Hiring and Sales; Planning To Exercise Pricing Power To Counter Rising Business...
Pacific Continental Named Finalist by Better Business Bureau in Business of The Year Awards; Second Consecutive Year Bank Recognized by BBB.
Business Optimism Flat Amid Pre-Election Concerns About Rising Costs, PNC Economic Outlook Reveals.
Rising Energy Prices Replace Interest Rate Hikes as No. 1 Concern of Small Business Owners; PNC Economic Outlook Survey Indicates Risk of Broader...

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters