“Building a healthy investment climate requires predictability; it is the foundation for long-term sustainable economic growth and development. The United States has negotiated dozens of similar treaties and we strongly believe this kind of agreement will help strengthen the U.S.-China bilateral relationship through stronger, more efficient trade in financial services. We welcome these negotiations as recognition of the importance of the US-China relationship and we look forward to working closely with the Administration to achieve a high-standards agreement,” said David Strongin, managing director of SIFMA.
Specifically, SIFMA supports negotiations, based on the US Model BIT, that will:
1) promote market entry, national treatment and "most favored nation" status;
2) ensure fair administrative and judicial processes;
3) encourage regulatory transparency;
4) permit the free transfer of capital;
5) protect against uncompensated expropriations; and
6) establish a rigorous and objective arbitration mechanism for enforcing those obligations.
