Treasury Official Speaks at Covington Foreign Investment Symposium

Treasury Official Speaks at Covington Foreign Investment Symposium

9/27/2013

WASHINGTON, DC, September 27, 2013 — Marisa Lago, assistant secretary for international markets and development at the U.S. Treasury Department, addressed a symposium held at Covington & Burling earlier in September about trends in Chinese foreign direct investment in America.

The symposium, co-hosted with the China General Chamber of Commerce, examined the state of bilateral investment between China and the United States and the review process of the Committee on Foreign Investment in the United States (CFIUS).

Ms. Lago assured the audience that the Obama administration places “great importance on the U.S.-China economic relationship, and recognizes that investment is an increasingly important part of that relationship.”

“Robust two-way investment is a source of tremendous benefits to the people of both of our countries,” Ms. Lago said. “Our cooperation and support for an open investment policy is central to creating jobs and to bringing about strong, sustainable, and balanced global growth.”

Other panelists included: Ning Yuan, president of China General Chamber of Commerce and China Construction America, Inc.; Jeffrey Bader, former director of Asian Affairs at the National Security Council; Aaron Brickman, director of SelectUSA at the Commerce Department; former Ambassador Stuart Eizenstat, a Covington partner who previously served as Deputy Secretary of the Treasury; Tony Fratto, former Treasury Department press secretary and now principal at Hamilton Place Strategies; former Ambassador Alan Larson, a senior policy advisor at Covington who previously served as Undersecretary of State; Dan Rosen, principal of the Rhodium Group; Tim Stratford, a Covington partner and former assistant U.S. Trade Representative for China; and Covington partners Dan Bryant, David Fagan, Andrew Jack, and Mark Plotkin.