SOURCE: USCIB

USCIB

February 25, 2010 13:47 ET

Conference Looks at New Challenges of Cross-Border Investment

NEW YORK, NY--(Marketwire - February 25, 2010) -  Cross-border investment is expected to play a critical role as the global economy emerges from the worst downturn in living memory. What policies are needed to marshal private capital for maximum benefit? This will be the focus of a conference organized by the United States Council for International Business (USCIB), March 10 at the Grand Hyatt in Washington, D.C.

"Our goal is to initiate a dialogue among business, labor, NGOs and policy makers on responsible international investment policies, and how they impact the United States and countries around the world," according to Peter M. Robinson, USCIB's president and CEO.

USCIB, which represents America's top global companies, has assembled a heavyweight lineup of public officials, business executives and other experts for the conference, "Cross-Border Investment in a Post-Recession World," including:

  • Robert D. Hormats, under secretary of state for economic, energy and agricultural affairs
  • Angel Gurría, secretary general of the Organization for Economic Cooperation and Development
  • David M. Rubenstein, managing director of The Carlyle Group
  • James Quigley, CEO of Deloitte Touche Tohmatsu.

Panel discussions will examine challenges to foreign investors in global markets, investing in green technologies, foreign investment and jobs, and addressing societal problems.

"As policy makers work to secure a healthy recovery, it is important to recognize that international investment, both inbound and outbound, can provide a major boost to growth and competitiveness," said Stephen J. Canner, USCIB's vice president for investment and financial services. "The bottom line is faster growth at home and abroad, which leads to better, higher-paying jobs."

Conference sponsors include the Business and Industry Advisory Committee (BIAC) to the OECD, which officially represents industry views in the 30-nation body, and the Organization for International Investment, which represents the U.S. subsidiaries of companies headquartered abroad.

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation. Its members include top U.S.-based global companies and professional services firms from every sector of the economy, and with operations in every region of the world. With a unique global network encompassing leading international business organizations, including BIAC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More information is available at www.uscib.org.

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