Arab Today, arab today us business leaders call for more foreign investment
Last Updated : GMT 21:25:08
Arab Today, arab today
Arab Today, arab today

US business leaders call for more foreign investment

Arab Today, arab today

Arab Today, arab today US business leaders call for more foreign investment

Washington - AFP

US officials and business leaders stressed the need Friday to encourage China, India, Brazil and other countries to increase their investments in the United States as a means to create US jobs. \"In 2009 the United States attracted 12 percent of total global investment, down from 25 percent over a decade ago,\" Acting Commerce Secretary Rebecca Blank told President Barack Obama\'s Council on Jobs and Competitiveness. \"That\'s despite having the world\'s largest consumer market, a highly educated workforce, strong intellectual property protection and fluid capital markets,\" she told the forum chaired by Secretary of State Hillary Clinton. \"In the face of increased competition, we need to step up our game,\" according to Blank, who said the United States has a total of $2.3 trillion in foreign direct investment. Antonio Perez, chairman and chief executive officer of the Eastman Kodak Company, echoed what he called a \"troubling\" trend in the US declining share of global investments. \"Even more troubling than that is the fact that out of the 12 percent, only two and a half percent comes from the combination of Brazil, India and China,\" he said, adding that \"does not bode well for the future of this country.\" Jeffrey Immelt, chairman and CEO of the General Electric Company who chairs the jobs council, underlined the same concerns before a gathering of top executives from US affiliates of companies based in other countries. Executives of firms like Germany\'s Daimler Trucks, France\'s Air Liquide and other foreign-based firms said the United States produced top-notch engineers but needed to improve the vocational skills of its work force. They also complained of costly visas for foreign executives, declining infrastructure and rising health care costs for workers as competitive disadvantages. Immelt called on the United States to step up to the mark. \"When you think about what Singapore does or what other countries do to attract investment in their countries, there\'s no reason why we shouldn\'t be a lot more aggressive and lot more competitive and a lot more welcoming, and a lot hungrier, quite honestly, as a country,\" Immelt said. \"And with 9.1 percent unemployment, that should be our destiny,\" he added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us business leaders call for more foreign investment Arab Today, arab today us business leaders call for more foreign investment

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us business leaders call for more foreign investment Arab Today, arab today us business leaders call for more foreign investment

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: قضايا ساخنة
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday