Global Investment

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On support for H.R. 2052, the “Global Investment in American Jobs Act of 2013”

Joint Trade Letter to House Leadership: "As organizations committed to promoting open investment policy at home and abroad, we write in support of H.R. 2052, the “Global Investment in American Jobs Act of 2013,” legislation to enhance our nation’s efforts to attract global business investment.

Introduced by Representatives Terry (R-NE), Schakowsky (D-IL), Roskam (R-IL) and Barrow (D-GA), the “Global Investment in American Jobs Act” is bicameral and bipartisan legislation aimed at improving America's ability to attract job-creating foreign direct investment (FDI) from businesses around the world. H.R. 2052 has the support of a broad range of cosponsors who understand that investment from around the globe is important to every state and region across this country. As a result, H.R. 2052 was unanimously approved by the Energy and Commerce Committee on July 17, 2013. The House of Representatives passed similar legislation during the 112th Congress with strong bipartisan support."

July 30th, 2013|

Forum Statement on U.S.-China Bilateral Investment Treaty

"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."

July 11th, 2013|

New York Times: U.S. and China to Discuss Investment Treaty, but Cybersecurity Is a Concern

By Annie Lowrey WASHINGTON — The United States and China will start negotiating a sweeping bilateral investment treaty, which could open vast sectors of each economy to investments from the other side, officials announced Thursday.  Read more...

July 11th, 2013|

Wall Street Journal: U.S., China to Pursue Investment Treaty

By Ian Talley and William Maudlin WASHINGTON—Senior U.S. and Chinese officials agreed Thursday to restart stalled negotiations to reach an investment treaty between the world's two largest economies that could dramatically expand business opportunities for both countries.  Read more...

July 11th, 2013|

Forum EVP for Policy to Testify Before Senate Banking Committee on Increasing Market Access for U.S. Financial Services Firms in China

"John R. Dearie, Financial Services Forum Executive Vice President for Policy, will testify tomorrow before the Senate Banking Committee’s Security and International Trade and Finance Subcommittee at a hearing entitled: 'Reviewing the U.S.-China Strategic and Economic Dialogue.'"

May 22nd, 2012|

Forum President & CEO to deliver speech at 2012 China Financial Summit

"Mr. Nichols will deliver his remarks during the Summit’s opening ceremony on May 23rdat the Diaoyutai State Guesthouse. He will discuss how financial services modernization and market-opening reforms in China will help transform China’s economy into a more services-based, consumer-driven economy, which will help spur economic growth and job creation in both China and the United States."

May 21st, 2012|

Forum President & CEO to Testify before House Financial Services Committee

"In his testimony, Mr. Nichols will explain how financial services modernization and market-opening reforms in China will help transform China’s economy into a more services-based, consumer-driven economy, which in turn will greatly contribute to faster job creation and economic growth in America."

May 15th, 2012|

Financial Times: First US approval for Chinese bank purchase

By Shahien Nasiripour in Washington, Tom Braithwaite in New York and Henny Sender in Hong Kong Industrial & Commercial Bank of China has gained US approval to purchase an American bank, marking a watershed moment for Chinese lenders looking to gain a foothold in the US.  Read more...

May 10th, 2012|

MarketWatch: Fed allows three Chinese banks to expand in U.S.

By Greg Robb WASHINGTON (MarketWatch) — Three of the largest state-owned Chinese banks have received approval to expand their operations in the United States, the Federal Reserve said Wednesday.  Read more...

May 9th, 2012|

Financial Times: US pressure over India tax law

US business groups are putting pressure on Tim Geithner, the treasury secretary, to intervene in an effort to stop India from enacting a contentious retroactive taxation law that they argue would have “severe consequences” for American investors in the country.  Read more…

April 18th, 2012|