US seeks closer cooperation with Europe on investment screening

Brussels, Oct 13 (UNI) The United States is seeking closer cooperation with European allies on screening foreign investments for potential national security risks, while taking steps to make its review process more transparent to investors, a senior US Treasury official said on Tuesday. Chris Pilkerton, assistant secretary for investment security at the Treasury Department, said Washington is working with European governments, businesses and legal experts to share best practices on foreign direct investment (FDI) screening. Speaking at a press briefing from Brussels, Pilkerton said the United States wanted to encourage foreign investment while ensuring that transactions did not threaten national…