A proposed agreement to liberalize trade between the U.S. andthe European Union would set a good example for other nations tofollow in establishing similar accords, Siemens AG Chief FinancialOfficer Joe Kaeser said.
The Munich-based company is “reasonably optimistic that the EUand the United States get something done and be the lighthouse ofglobal trade cooperation,” Kaeser said yesterday in an interview inWashington. “If not those two, who else should do it?”
The U.S. and the 27-nation EU are seeking a trade pact asnations including Greece and Spain grapple with a sovereign-debtcrisis, sapping economic growth worldwide. Officials from bothsides on June 19 released an interim report on the potential scopeof a deal, including reducing tariffs and trade barriers inservices and investment.
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