US and EU Reaffirm Commitment to Open, Non-Discriminator and Transparent Investment policies
Wednesday, April 11th, 2012 12:01:43 by Fayyaz Yaseen
US and EU Reaffirm Commitment to Open, Non-Discriminator and Transparent Investment policies
Yesterday, the United States and the European Union (EU), under the auspices of the Transatlantic Economic Council, announced an agreement on Shared Principles for International Investment, which reaffirms our commitment to open,
transparent, and non-discriminatory international investment policies. International investment, both by American companies abroad and by foreign companies in the United States, benefits U.S. companies and American workers by creating high-paying jobs, boosting
exports, and spurring innovation in the United States.
U.S. Cabinet-level principals and EU commissioners attending a Transatlantic Economic Council meeting on November 29, 2011, urged that a joint set of international investment principles be developed to strengthen our collaborative
efforts to foster open investment policies worldwide. These principles would guide the United States and EU and the governments of third countries in developing future investment policies. The United States looks forward to working with the EU to promote the
principles around the world, including through the G8 Deauville Partnership with countries in the Middle East and North Africa (MENA) region.
The principles embody a number of shared core values, including a commitment to open and non-discriminatory investment policies, a level competitive playing field, strong protections for investors and their investments, neutral
and binding international dispute settlement, strong rules on transparency and public participation, responsible business conduct, and narrowly-tailored reviews of national security considerations. The joint statement recognizes that governments can fully
embrace these principles without compromising their ability to regulate in the public interest.
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Posted by Fayyaz Yaseen
on Apr 11 2012. Filed under World.
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