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Codonics participates in U.S.-China Business Roundtable with Vice Presidents Joe Biden and Xi Jinping

U.S. Chamber of Commerce in Washington, D.C.

Vice Presidents Joe Biden and Xi JinpingChinese Vice President Xi and Vice President Biden
(Photo courtesy of Ian Wagreich,US Chamber of Commerce)

February 14, 2012 -- Washington, D.C. Peter O. Botten, President and CEO, Codonics, headquartered in Cleveland, Ohio, attended the U.S.-China Business Roundtable hosted by the U.S. Chamber of Commerce. Vice President Biden and Chinese Vice President Xi were joined by US Treasury Secretary Timothy Geithner, Commerce Secretary John Bryson, Trade Representative Ron Kirk, US Ambassador to China Gary Locke, and 22 CEOs from the United States and China. The group convened to discuss the opportunities and challenges in the bilateral commercial relationship. The roundtable was co-hosted by the U.S.-China Business Council and the China Council for the Promotion of International Trade (CCPIT).

"I was honored and humbled to be asked by Vice President Biden to be part of the roundtable," said Peter Botten, Codonics. "Exports to China represent 25% of Codonics export revenues. With over a decade of installations in China, our products have been involved with tens of millions of procedures, advancing the healthcare in the People's Republic of China."

Codonics is focused on solutions that improve patient safety by reducing medication errors worldwide. "Our efforts with Ministry of Health agencies around the world is augmenting awareness of medication problems, introducing best practices and applicable standards, and providing solutions to medication errors even in countries where specific standards or governmental oversight is yet to exist," stated Botten.

Other U.S. CEOs in attendance included: Muhtar Kent, Chairman and Chief Executive Officer, The Coca-Cola Company, and Chair US-China Business Council; Greg Brown, Chairman and Chief Executive Officer, Motorola Solutions; Robert Iger, President and Chief Executive Officer The Walt Disney Company; Ellen Kullman, Chair and Chief Executive Officer, DuPont; Keith Williams, President and Chief Executive Officer, Underwriters Laboratories; Lloyd Blankfein, Chairman and Chief Executive Officer, Goldman Sachs; Alan Mulally, President and Chief Executive Officer, Ford Motor Company; Ginni Rometty, President and Chief Executive Officer, IBM; and Scott Davis, Chairman and Chief Executive Officer, UPS.

U.S. Chamber of Commerce President and CEO Thomas J. Donohue issued the following statement, "Today was a great opportunity for business leaders to exchange views on bilateral trade and investment opportunities and discuss challenges with the vice presidents and top officials of both countries." The U.S. Chamber of Commerce is the world's largest business federation representing the interests of more than three million businesses of all sizes, sectors, and regions, as well as state and local chambers and industry associations.

China's Vice President Xi Jinping visited the United States from February 13 - 17, 2012. He has made a few other visits since his first visit to the United States in 1985, but this was his first visit as a senior leader. Vice President Biden hosted the visit, which included stops in Washington, DC, Iowa, and Los Angeles, CA.


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