EU - US joint statement on open investment

13 May 2008

The EU and the US issued a joint statement affirming their commitment to promoting open investment policies. The Joint Statement also insists on the importance of appropriate transparency and commercial considerations in state-backed sovereign wealth inve

The EU and the US issued a joint statement affirming their commitment to promoting open investment policies. The Joint Statement sets out the fundamental nature of these policies to their economic prosperity. It affirms the commitment of both parties to promoting open investment policies at home and abroad. The Statement sets out the line for further joint work and serves as a touchstone for future policies in this area.

 

The Joint statement:

- Underlines the benefits of international investment in terms of job creation, competitiveness and sustainable economic growth, and stresses the importance of non-discriminatory and clear policies on investment.

- Recognises the legitimacy of addressing national security concerns, but these should only ever constitute narrowly defined exceptions to the general rule of openness.

- Insists on the importance of appropriate transparency and commercial considerations in state-backed sovereign wealth investment.

 

Press release

EU-US Joint Statement

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