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May 4, 2015

MUSIAD USA attended SelectUSA Invetsment Summit 2015

John Bass, US Ambassador to Turkey, led a delegation of Turkish companies to SelectUSA Investment Summit which took place on March 23-24, 2015 in Washington DC. Musiad USA Assistant Director Emre Eren met with US Ambassador to Turkey John Bass during SelectUSA Investment Summit 2015 and briefed him on Musiad USA activities.

The two-day summit at the Gaylord National Resort & Convention Center included panels and discussions on cybersecurity, trade, immigration, tax policy and infrastructure. Top administration officials spoke at the summit, including Secretary of State John Kerry, Labor Secretary Thomas Perez, Treasury Secretary Jacob J. Lew, Transportation Secretary Anthony Foxx and Agriculture Secretary Tom Vilsack. More than 30 U.S. ambassadors led delegations to the summit and more than 70 global markets were represented, according to the Commerce Department.

In addition to Warren Buffett, corporate executives participated the summit including Google Inc. Chairman Eric Schmidt, BMW North America Chief Executive Officer Ludwig Willisch and Michelin North America Inc. President Pete Selleck.

Secretary Penny Pritzker opened the conference laying out all the reasons why the United States is the number one place to invest. She highlighted that companies choose to invest here because of rising job market; the strong rule of law and intellectual property protections; world-class universities and global leadership in R&D; stable financial markets and vibrant supply chains; and abundant and affordable energy supply. She stated that “I heard businesses today share that they invested in the United States because of our low tariff rates and the low barriers to entry to our communities. Investors also choose the United States because of the talent and ingenuity of our people.”

President Obama spoke and announced some new initiatives to make investing and expanding within the United States even easier.He announced that the U.S. Citizenship and Immigration Services will increase clarity around the adjudication of the L-1B non-immigrant visa that allows international companies to temporarily deploy workers with specialized knowledge to the United States when launching or conducting operations here. This long-anticipated policy guidance is of particular interest to global companies participating in today’s SelectUSA Investment Summit.

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