In a letter sent today to Ambassador Katherine Tai, Secretary Antony Blinken, and Secretary Gina Raimondo, representatives of US businesses from among virtually every sector of the US economy called upon the Biden Administration to maintain investor safeguards in US trade and investment agreements, including national treatment and access to neutral, independent dispute settlement. These safeguards are fundamental to incentivizing and protecting US foreign direct investment (FDI) abroad that will power the green transition and help the United States grow its economy, compete with China, and promote resilient supply chains. Additionally, it would be counterproductive to remove these critical safeguards at a time when US FDI has never been more important to achieving US economic and foreign policy objectives.

Read the letter here.