Speaking at the first-ever G-8
Business Summit in Berlin,
G. Parrett, CEO of Deloitte and the chairman of the
United States Council for International
Business (USCIB) has urged the leaders of the Group of Eight
nations to maintain their commitment to the open flow of international
investment across borders.
However he also said countries still needed to address local issues such as
‘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 Parrett, who represented the United States in
the G-8 business preparatory meeting.
‘They need to affirm, in word and practice, their commitment to open, cross
border investment,’ he added.
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