The NSPM establishes that welcoming foreign investment is crucial for economic growth, job creation, and innovation, ensuring that the United States leverages its world-leading financial markets to support American jobs and innovators.
President Donald Trump yesterday signed a National Security Presidential Memorandum aimed at promoting FDI while protecting US security interests, particularly from threats posed by adversaries like China.
The US will create a ‘fast-track’ process to facilitate greater investment from specified allies and partners.
It will also expedite environmental reviews for any investment over $1 billion.
The United States will create a ‘fast-track’ process to facilitate greater investment from specified allies and partners, with conditions that prevent investors from partnering with its foreign adversaries in corresponding areas. It will also expedite environmental reviews for any investment over $1 billion.
The Committee on Foreign Investment in the United States (CFIUS) will be used to restrict Chinese investments in strategic US sectors like technology, critical infrastructure, healthcare, agriculture, energy and raw materials.
The United States will protect its farmland and real estate near sensitive facilities, strengthen CFIUS authority over ‘greenfield’ investments, and restrict foreign adversary access to US talent and operations in sensitive technologies.
Rather than use overly bureaucratic, complex, and open-ended “mitigation” agreements for U.S. investments from foreign adversaries, more administrative resources will be directed toward facilitating investments from key partner countries, a White House factsheet said.
The United States will establish new rules to curb the exploitation of its capital, technology, and knowledge by foreign adversaries such as China to ensure that only those investments that serve American interests are allowed.
The US administration will protect its investors’ savings and boost American prosperity by auditing foreign companies on US exchanges, reviewing their ownership structures and any alleged fraud, and ensuring foreign adversary companies are ineligible for pension plan contributions.
Trump also promised to ‘stop Chinese-owned’ firms from ‘stealing’ US intellectual property, US workers’ knowledge and then sending it back to China.
Fibre2Fashion News Desk (DS)
