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U.S. Department of State

Diplomacy in Action

Framework for Promoting Transatlantic Economic Integration, Annex IV: Investment


Bureau of European and Eurasian Affairs
January 15, 2010

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Points of Contact

European Commission:
(name)
Email:
Telephone:
U.S. Government:
Michael Carr
U.S. Department of the Treasury
Office of Investment Security
Email: Michael.Carr@do.treas.gov
Telephone: +1-202-622-0416
EU Delegation in Washington:
(name)
Email:
Telephone:
U.S. Mission to the EU:
Minister-Counselor for Economic Affairs
Telephone:+32-2-508-2787

Reference

Annex 2, E; Annex 4; U.S.-EU Open Investment Statement, May 2008.

Goal

To reduce barriers to transatlantic investment and encourage open investment regimes in third countries.

Specific Objectives

  • Establish an ongoing bilateral Investment Dialogue.
  • Continue close collaboration in multilateral forums to foster policy reforms conducive to attracting investment.
  • Prevent, eliminate or reduce investment barriers.

Progress

The April 2007 Transatlantic Economic Framework established a U.S.-EU Investment Dialogue affirming our commitment to open investment policies at home and opposing protectionism abroad. Dialogue members have held three face-to-face meetings (November 2007, April 2008, and October 2008) and numerous videoconferences to exchange views on bilateral investment policies, investment barriers in key third countries, and foreign government-controlled investment. The Investment Dialogue also drafted a U.S.-EU Open Investment Statement, which was adopted by the TEC in May 2008 and serves as a touchstone for future efforts.

Next Steps

Pursue further implementation of the work program, including exchanging views regarding post-financial crisis investment climates and investment relationships with important emerging economies, as well as discussing developments in the U.S.-EU bilateral investment relationship and foreign government-controlled investment.



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