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?”

The U.S. and the 27-nation EU are seeking a trade pact as nations including Greece and Spain grapple with a sovereign-debt crisis, sapping economic growth worldwide. Officials from both sides on June 19 released an interim report on the potential scope of a deal, including reducing tariffs and trade barriers in services and investment.

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