May 14, 2008
HP-976
Statement by Deputy Secretary Kimmitt,
on U.S. –EU Open Investment Statement
Washington, DC-- Treasury Deputy Secretary Robert M. Kimmitt welcomed the issuance of the U.S.--EU Open Investment Statement by the United States and the European Commission. The statement echoes President Bush's May 2007 Statement on Open Economies and signals the continued commitment of the world's two largest economies to promoting open investment policies both at home and abroad. The statement was announced at a meeting this week of the Transatlantic Economic Council in Brussels, Belgium, which Deputy Secretary Kimmitt attended, and was developed by the U.S.-EU Investment Dialogue, which works to reduce transatlantic and global investment barriers.
"Trade and foreign investment create jobs, bring healthy competition, encourage companies to innovate and improve, and give consumers a wider variety of choices and lower prices on everything from food to clothes to cars," said Kimmitt. "By maintaining open economies and increasing investment opportunities, the United States and the European Union will enhance transatlantic economic ties and strengthen efforts to increase openness around the world that will deliver economic growth and job creation."
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