Mayor Kasim Reed Participates in U.S.-China CEO Bilateral Investment Dialogue
February 12, 2015
Mayor Kasim Reed participated today in the U.S.-China CEO Bilateral Investment Dialogue in New York City. The Dialogue brings together CEOs, policymakers, state and local officials and key thought leaders to underscore the opportunity that exists for both countries to expand bilateral investment, including through the completion of the Bilateral Investment Treaty (BIT) negotiations.
“Exploring and creating economic development opportunities to improve Atlanta’s position as a market for international trade and commerce has been a priority of my Administration,” said Mayor Reed. “I look forward to being with business leaders and policy makers to discuss Atlanta’s position as an international city and strengthen key relationships with business and government leaders to encourage foreign direct investment in Atlanta by Chinese companies.”
Over the course of the day, participants discussed the existing trade and investment relationship between the US and China, China’s evolving role in global markets, and the opportunities that exist to catalyze the economic relationship for the benefit of both countries. The four Dialogue hosts – Goldman Sachs, the Paulson Institute, the US-China Business Council and the China Development Research Foundation – aim to use this dialogue to strengthen understanding between key stakeholders in both economies, and to mobilize the support of the business community for further growth in the economic relationship, including through the successful conclusion of the US-China BIT. Other prominent business leaders in attendance include: Lloyd Blankfein, CEO and Chairman of Goldman Sachs, Henry Kravis, co-founder of Kohlberg Kravis Roberts & Co., Henry Kissinger, American diplomat and political scientist, Thomas Donlion, former National Security Advisor in the Obama Administration, Indra K. Nooyi, Chairman and Chief Executive Officer of PepsiCo., John Frisbie, President of the U.S.-China Business Council, and Lu Mai, Secretary General of the China Development Research Foundation.
In 2012, Mayor Reed traveled to China on a trade mission to encourage foreign direct investment in metropolitan Atlanta and help small- to- medium sized local businesses identify and grow their export opportunities with the world’s second-largest economy.
China represents Georgia’s second-largest export market. In 2013, Georgia’s exports to China totaled $3.7 billion, which is a 55 percent increase from 2010. There are over 30 Chinese facilities operating in Georgia and employing hundreds of people locally.