EU and US to create "open and stable investment climate"
The European Union and the United States have agreed on “ambitious” investment principles designed to create and maintain “stable, predictable and transparent investment regimes”.
Karel De Gucht, trade commissioner for the European Union, and Michael Froman, deputy assistant to the president of the United States, announced the new framework.
De Gucht says: “Open investment markets generate growth and jobs – and these investment principles will support such an open investment climate.
“It’s another example of where the EU and the US are working together to keep trade and investment flowing worldwide.”
The European Union reported investment flows to the US in 2010 of €20.9 billion (£17.2 billion), with €44.9 billion coming the other way.
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