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EUROPEAN PARLIAMENTARIANS DISCUSS BUSINESS PRIORITIES WITH EUROPEAN-AMERICAN CHAMBER OF COMMERCE

 WASHINGTON, July 1 /PRNewswire/ -- Willard Berry, president of the European-American Chamber of Commerce in Washington, discussed with 30 members of the European Parliament yesterday in Washington key trade, tax and investment issues that face European business interests in the United States. The parliamentarians are in the United States to meet with their counterparts in the U.S. Congress.
 Alan Donnelly, member of the European Parliament and chairman of the Parliamentary Committee Responsible for Relations with the United States, commented, "It is encouraging to see that companies that are committed to the trans-Atlantic economic relationship are joining together to defend their interests and promote policies that will provide economic growth and jobs."
 The chamber, a broad-based organization of multi-national corporations with investments and sales in both the United States and Europe, supports policies on both sides of the Atlantic that promote growth in the already significant economic relationship: $400 billion cross investment; $220 billion annually in two-way trade; and investment-related employment of nearly 6 million workers. Of the 2.9 million U.S. workers directly employed by European-owned firms, 50 percent of them are employed in the high wage manufacturing sector.
 Berry discussed a number of issues that are currently at the front of the chamber's advocacy efforts such as the Uruguay Round of GATT talks, the NAFTA, the Barclays bank lawsuit against the California unitary tax system currently before the Supreme Court, and various national treatment problems in U.S. legislation.
 -0- 7/1/93
 /CONTACT: David Reinfeld of the Office of Alan John Donnelly, MEP, 011-44-91-489-7643/


CO: European-American Chamber of Commerce ST: District of Columbia IN: FIN SU:

DC-KD -- DC041 -- 7883 07/01/93 15:52 EDT
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Date:Jul 1, 1993
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