SOURCE: USCIB

February 20, 2008 11:12 ET

MEDIA ADVISORY: Event: Challenges of Global Sovereign Investment

NEW YORK, NY--(Marketwire - February 20, 2008) -


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