The preparatory business meeting for this year’s G-8 summit gathered top business leaders
At today’s first-ever G-8 Business Summit, the chairman of the United States Council for International Business (USCIB) William G. Parrett, also CEO of Deloitte, urged the leaders of the Group of Eight nations to maintain their commitment to the open flow of international investment across borders, realizing countries still need to address local issues such as national security.
"Governments need to take action at the highest level to avoid investment protectionism if we want to encourage the free flow and benefits of international investment," said Mr. Parrett, who represented the United States in the G-8 business preparatory meeting, which was organized by the Federation of German Industries (BDI). "They need to affirm, in word and practice, their commitment to open, cross border investment."
The Berlin summit brought together the heads of top business federations from Germany, which hosts this year's G-8 leaders summit in Heilgendamm this June and the other G-8 nations along with the trans-European business federation Business Europe. The business leaders signed the "G8 Business Declaration: Joint Statement of the G8 Business Organizations," which will be presented to the G8 Government leaders, proposing ideas to address trade and investment issues, innovation challenges such as intellectual property rights and climate protection. They were scheduled to meet with German Chancellor Angela Merkel later today.
See full Press Release.
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