The Securities Industry and Financial Markets Association (SIFMA) applauded the White House statement on open investment policies and free trade released today.
“America’s tradition of global leadership in support of open and fair trade and investment has benefited Americans at home and has helped promote greater transparency, freedom and democratic ideas abroad,” said Marc Lackritz, SIFMA president and CEO.
Thriving global trading relationships have greatly benefited America, SIFMA said, with foreign-owned companies in the US employing more than 5 million Americans. That has brought new and innovative ideas, technology, products and practices to the US economy.
“We believe that a pro-active trade policy to reduce and eliminate the barriers faced by financial services firms is of critical importance and serves both American firms in search of new markets and the global community which benefits from American capital and expertise,” Lackritz added.