Invest in America Summit US Chamber of Commerce

05/19/2017

On May 18th at the Department of Commerce’s “Invest in America” Summit, Representative of Germany Industry and Trade President Daniel Andrich discussed the scope of German investment in the US and critical business location factors for German investors. Currently, 4,700 German companies secure 672,000 jobs in the US (see German Business Matters). Andrich noted key criteria for business location decisions for German firms as open markets and a supply of skilled workers. German investors hope that the new administration will further improve the general economic climate of the US by implementing promised reforms such as infrastructure improvements and deregulation. Open markets and borders are essential in today’s world of deeply interconnected global supply chains. Vice President Mike Pence reiterated at the Summit the new administration’s goal of attracting more foreign investment through tax reform and increasing infrastructure investment.

Photos by Ian Wagreich / U.S Chamber of Commerce