Siemens CFO Endorses Trade Pact

Proposed U.S.-E.U. agreement would set a good example for other nations, Kaeser says.

A proposed agreement to liberalize trade between the U.S. and the European Union would set a good example for other nations to follow in establishing similar accords, Siemens AG Chief Financial Officer Joe Kaeser said.

The Munich-based company is “reasonably optimistic that the EU and the United States get something done and be the lighthouse of global trade cooperation,” Kaeser said yesterday in an interview in Washington. “If not those two, who else should do it?”

Potential Goals

Potential goals include eliminating all duties on bilateral trade, providing more transparency in services, establishing a forum for resolving health and sanitation issues, and improving businesses access to government purchases.

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