Honeywell Chairman and CEO, Dave Cote, Participates in Panel Discussion with Top Corporate and Government Leaders at the Export-Import Bank's Annual Conference
April 11, 2016
The panel, including Lisa Davis, Member of the Managing Board for Siemens AG, Michael Froman, United States Trade Representative, and Andrew Liveris, Chairman and CEO of The Dow Chemical Company, discussed topics ranging from tax reforms, society security deficits and emerging markets, in a conversation moderated by David M. Rubenstein, Co-Founder and Co-CEO of The Carlyle Group.
Cote identified two macrotrends in his comments that he believes are going to define this century, saying, “The first is China becoming the number one economy in the world, and the second is how do we participate in what's likely an IT revolution that'll go on for at least another 100 years. If we start to think about it that way, you think about trade, you think about debt, patent law, math and science education. It seems to me that it causes you to act a little differently than maybe you would otherwise.”
Cote also stated that he believes the global economy is in a steady, slow-growth environment and does not foresee a recession in the near future. However, Cote does believe in the increasing importance of the “Internet of Things” and the positive impact it will have to keep Honeywell competitive, as half of Honeywell's engineers work on software.
The EXIM Bank's Annual Conference was attended by more than 1,100 exporters and representatives of financial institutions, foreign trade partners, and government officials.