FOR IMMEDIATE RELEASE:

July 11, 2013

CONTACT:

Laena Fallon, (202) 457-8783

 

WASHINGTON, DC – Rob Nichols, President and CEO of the Financial Services Forum, today issued the following statement regarding Secretary of the Treasury Jack Lew’s announcement that an agreement was reached at the U.S-China Strategic and Economic Dialogue (S&ED) to negotiate a Bilateral Investment Treaty between the two countries:

“The Bilateral Investment Treaty announced today is a significant and welcome step forward for the economic relationship between the United States and China.  If the two countries are able to reach an agreement for the United States to gain market-access to China’s economy – especially in the financial services sector – it would be a win-win for both countries, businesses and workers, as well as increase prospects for job creation and economic growth.

“We applaud the leadership of Treasury Secretary Jack Lew and Chinese Vice Premier Wang Yang in their dedication at the S&ED to reach this outcome. We stand ready to be a substantive resource as this important treaty moves forward between our two countries.”