Champion Free Markets, But Don’t Risk National Security
Today, ASP released a statement on the proposed transactions by ChemChina and Zoomlion. In the statement, ASP CEO BGen Stephen A. Cheney, argued:
In today’s world, foreign investment is a key driver of global economic growth. At any given time, U.S. companies are buying or investing around the world and foreign companies are doing the same here.
He continued:
However, when foreign investment places national security at risk, it’s an entirely different story.
Two newly proposed transactions put a spotlight on the riskier side of foreign direct investment – China National Chemical Corporation’s (known as ChemChina) plan to buy agribusiness giant Syngenta AG, (Syngenta is Swiss, but its seed business is primarily based in the U.S.) and China-based Zoomlion’s unsolicited proposal to acquire the Terex Corporation, a Connecticut-based lifting and material handling solutions company.
The full statement is available below.
Champion Free Markets, But Don’t Risk National Security by The American Security Project
