WHAT: Briefing with top U.S. trade official, "The Challenges of
Global Sovereign Investment"
WHO: Ambassador John K. Veroneau, deputy U.S. trade representative
Peter M. Robinson, president, U.S. Council for International
Business
Senior executives from finance and business
WHEN: Tuesday, February 26, 2008, 11:00 a.m. - 12:00 noon
WHERE: The Bank of New York Mellon, One Wall Street, New York City
MEDIA: RSVP REQUIRED BY 5 P.M., MONDAY, FEBRUARY 25
This is a public event, with no separate press conference or
media briefing; requests for interviews with key participants
are welcome
Contact: Amy Lehr, USCIB, +1 212-703-5063 or alehr@uscib.org
Sovereign investment is already valued in the trillions of dollars and is
expected to increase during the coming decade. While foreign investment in
general delivers substantial benefits to the U.S. economy, the rise of
sovereign investment raises unique public policy issues: sovereign
investors may create national security concerns, spur fears of market
volatility and financial instability, and generate pressures on governments
to take protectionist measures.
Deputy U.S. Trade Representative John K. Veroneau will address these issues
and discuss U.S. cooperation with other countries -- both those that make
and those that receive sovereign investments -- and with major multilateral
institutions (including the IMF, the World Bank and the OECD) to develop
best practices for sovereign wealth funds, promote strong international
standards of transparency and corporate governance, and maintain open,
transparent, and non-discriminatory investment policies among all
countries.
USCIB promotes an open system of global commerce. Its membership includes
more than 300 leading U.S. companies, professional services firms and
associations whose combined annual revenues exceed $3.5 trillion. As
American affiliate of the leading international business and employers
organizations, USCIB provides business views to policy makers and
regulatory authorities worldwide and works to facilitate international
trade. More information is available at www.uscib.org.
Contact Information: Contact: Amy Lehr USCIB +1 212-703-5063