McGraw Hill CEO Is Elected Vice Chair of World Business Body

International Chamber of Commerce also elects new secretary general

Harold McGraw III
Harold McGraw III

Paris and New York, N.Y., February 8, 2011 – The International Chamber of Commerce (ICC) has selected USCIB Chairman Harold McGraw III, chairman, president and chief executive officer of The McGraw-Hill Companies [now S&P Global], to serve as vice chairman of the global business body.  ICC’s World Council elected Mr. McGraw at a recent meeting in Paris, where it also confirmed Jean-Guy Carrier as secretary general.

ICC is the world business organization that represents private-sector views to national governments and intergovernmental bodies around the world.  It advocates for free trade and the market economy, working through a network of national committees and direct members in over 120 countries.  USCIB serves as ICC’s American national committee.

“ICC continues to serve as a strong business advocate during a time when governments around the world are making policy decisions that will shape the global economy for decades to come,” Mr. McGraw said. “To create a stronger and more sustainable global business environment we must not delay pursuing an agenda that promotes trade, investment and the completion of the Doha Round; addresses the challenge of global climate change; encourages high-tech innovation; and improves the protection of intellectual property.”

Mr. McGraw, who has chaired USCIB since last year, succeeds Stephen Green, former chairman of HSBC, who has gone on to become U.K. trade minister.  He joins Rajat Gupta, ICC’s chairman and senior partner emeritus of McKinsey & Co., and Victor Fung, ICC honorary chairman and chairman of Li & Fung Group, in the world business body’s senior leadership.

Mr. McGraw was elected chairman of The McGraw-Hill Companies in December 1999, chief executive officer in 1998 and president and chief operating officer in 1993. He has been a member of the company’s board of directors since 1987.

Appointed by U.S. President Barack Obama to the U.S.-India CEO Forum in November 2009, Mr. McGraw is also a member of the U.S. Trade Representative’s Advisory Committee for Trade Policy and Negotiations.  He serves on the boards of United Technologies and ConocoPhillips, and chairs the Emergency Committee for American Trade and the U.S.-India Business Council.

Before his appointment as ICC’s secretary general, Mr. Carrier was director of programs for the ICC Research Foundation and will continue in that role.  Prior to joining ICC, he held senior positions in business and with international organizations, most notably the World Trade Organization.  He is the author of several books and has published numerous articles in national and international media.

“It is an honor to be part of such a unique global business organization,” said Mr. Carrier.  “ICC provides a forum for companies and other business organizations to examine and better comprehend the major shifts happening in the world economy.  Working with the business community worldwide to help shape the economy of the future is an exciting challenge and responsibility.”

Contacts:

Jonathan Huneke, USCIB
+1 212.703.5043 or jhuneke@uscib.org

Alba Rooney, ICC (Paris)
+33 1 49.53.28.22 or alba.rooney@iccwbo.org

Mr. McGraw’s biography

Mr. Carrier’s biography

ICC website

News Brief Business Under Assault in Venezuela

The IOE has been in the forefront of raising awareness about attacks – some literal – against employers and their representatives in Venezuela.  A new resource is a video documenting a violent attack perpetrated against leaders the national employers group FEDECAMARAS leaders in October.  The video – in Spanish, with an English-language version is forthcoming – also provides an overview of what the IOE terms “the constant climate of aggression and hostility towards the private sector in Venezuela” by the Chavez government and its allies.  The video is available at www.ioe-emp.org/index.php?id=357.

IOE website

News Brief: Estonia Becomes OECD’s 34th Member

In December, Estonia deposited its instrument of accession to the OECD Convention, thereby becoming a member of the organization.  Estonia was invited by OECD countries to open negotiations for membership in May 2007.  This means that the Estonian Employers’ Confederation (ETTK) is now officially a full BIAC Member Organization.   “ETTK joins the BIAC membership at a crucial time in which the global economy is facing unprecedented challenges,” BIAC said in a statement.  “The need for greater international cooperation is therefore of fundamental importance for a return to sustainable economic growth, and BIAC is delighted to be able to work closely with the Estonian business community in this effort.”

BIAC website

Business Hails Progress at UN Climate Talks

Nick Campbell, chair of ICC’s climate change task force, co-chairing a briefing in Cancun alongside Patricia Espinosa, the COP16 president and Mexican minister of foreign affairs.
Nick Campbell, chair of ICC’s climate change task force, co-chairing a briefing in Cancun alongside Patricia Espinosa, the COP16 president and Mexican minister of foreign affairs.

New York, N.Y. and Cancun, Mexico, December 13, 2010 – The International Chamber of Commerce (ICC) has welcomed the agreement reached in Cancun during the United Nations climate change conference as a solid step forward towards the development of a robust post-2012 framework agreement, according to its American affiliate, the United States Council for International Business (USCIB).

“We are pleased with the outcome, and happy to have had the opportunity to work closely with so many of our partners in the business community in the U.S. and around the world,” said USCIB President and CEO Peter M. Robinson, who attended the Cancun conference.  “This provides an excellent platform for business to contribute to climate solutions going forward.”

USCIB collaborated with ICC members from around the world to present coordinated business views to UN delegates and others participating in Cancun.  In addition, working with a variety of groups in the Business Major Economies Forum (BizMEF), USCIB helped coordinate talks among major industry groups from the G20 and other leading nations and presented views on the trade impacts of possible global action on climate change.

“The Cancun agreement provides a strong signal that governments have heard the private sector’s call for clarity and a framework to tackle climate change,” said ICC Secretary General Jean-Guy Carrier. “I congratulate the Mexican government for its actions throughout the year, particularly Minister of Foreign Affairs Patricia Espinosa for her tireless efforts to foster global cooperation on climate change. The extended standing ovation she received on the last night of negotiations was richly deserved.”

The agreement contains many elements where closer cooperation with the private sector will be needed, including the elaboration of the technology mechanism, financing arrangements such as the “Green Fund” and the development of guidelines for measuring, reporting and verification. ICC also welcomes the decision to strengthen market-based approaches that are so critical to broad cost-effective action for mitigation and adaptation.

As the business and industry focal point for the United Nations Framework Convention on Climate Change process, ICC played a leading role throughout the two week conference in Cancun, demonstrating the vital role of business as a source for technological innovation and dissemination, as well as for investments that will enable cleaner energy and development choices in the context of a return to sustained economic growth.  This culminated in the Cancun Global Business Day, where the need for more effective engagement and involvement of business was the key theme.

Looking ahead to an intense year of further climate policy deliberations in 2011, USCIB will continue to work with other business groups in BizMEF, and focus on defining synergies between trade and climate policy at the multilateral level.  In preparation for the next UN climate conference in Durban, ICC will urge governments throughout 2011 to develop recognized, flexible channels to bring business expertise and engagement to the deliberations.

About ICC
The International Chamber of Commerce is the largest, most representative business organization in the world. Its thousands of member companies in over 120 countries have interests spanning every sector of private enterprise.  A world network of national committees keeps the ICC International Secretariat in Paris informed about national and regional business priorities. More than 2000 experts drawn from ICC’s member companies feed their knowledge and experience into crafting the ICC stance on specific business issues.  The United Nations, the World Trade Organization, the G20 and many other intergovernmental bodies, both international and regional, are kept in touch with the views of international business through ICC.  For more information please visit www.iccwbo.org.

About USCIB
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Contacts:

Jonathan Huneke, USCIB
+1 212.703.5043 or jhuneke@uscib.org

Alba Rooney, ICC
Tel: +33 1 49.53.28.22 or alba.rooney@iccwbo.org

ICC website

USCIB Spearheads Multilateral Business Consultations on Climate Change

Focus on possible trade ramifications of actions to curb warming

UN Secretary General Ban Ki-moon addressing the UN climate talks in Cancun.
UN Secretary General Ban Ki-moon addressing the UN climate talks in Cancun.

Cancun, Mexico and New York, N.Y., December 9, 2010 — As governments struggle to make progress at the UN climate change talks in Cancun, business groups from the leading economies have put forward recommendations on various aspects of a possible global agreement to curb global warming, according to the United States Council for International Business (USCIB), which spearheaded the talks.

The Business Major Economies Forum (BizMEF), which groups top business federations from the G20 and other major nations, held talks in Cancun yesterday.  Business leaders reviewed the current state of negotiations under the UN Framework Convention on Climate Change and determined where their initial position papers were most applicable to the state of talks at COP 16 as well as ongoing discussions in the Major Economies Forum, which groups the governments of the top emitters of greenhouse gases worldwide.

“BizMEF is unique in including business voices from both developed and developing countries,” stated USCIB President and CEO Peter M. Robinson.  “Indeed, both India and China sent business federation representatives to our meeting yesterday.  We had a chance to present BizMEF to government representatives from the United States, the European Union, Germany, Canada and Denmark at the ensuing luncheon.  We are seeking to open a channel of communications between BizMEF and MEF proper, to support their initiatives, and to inform their deliberations with the business community’s perspectives on the state of play in major markets.”

The BizMEF meeting was co-chaired by Norine Kennedy, USCIB’s Vice President for Energy and Environment, and Michael Basurto of the Mexican federation IDEAS.  Brian Flannery, Science, Strategy and Programs Manager with Exxon Mobil Corporation and co-chair of USCIB’s International Energy Group, briefed the gathering on prospects for post-2012 negotiations in the four areas covered by the BizMEF papers: technology; markets; measuring, reporting and verification; and low-carbon pathways.  In addition, the BizMEF website was officially launched at majoreconomiesbusinessforum.com.

USCIB was a founding member of BizMEF, which commenced its work in February 2009 at a meeting in Copenhagen.  BizMEF members include leading national industry federations, including USCIB and the U.S. Chamber of Commerce. Also among BizMEF’s participating organizations are major multisectoral industry federations including the International Chamber of Commerce (ICC), USCIB’s affiliate under whose banner businesses from around the world are attending the UN climate talks in Cancun.

Implications for trade

USCIB’s Mr. Robinson also spoke at a meeting in Cancun today organized by the International Center for Trade and Sustainable Development.  He warned that a failure by governments to agree on binding rules to address global warming could have serious fall-out in the area of international trade.

“One issue that will have a direct impact on options for addressing climate change is the issue of competitiveness.  If left unaddressed, this could cause an absolute train wreck, upending both efforts to address climate change and the urgent need to leverage trade and markets for economic development.”

Mr. Robinson said that, with national legislators under increasing pressure to protect industries and jobs, there is increasing danger of a collision between climate change and trade regimes.  He appealed to UN negotiators to reaffirm and respect existing language in the UNFCCC calling for the avoidance of actions to combat climate change that arbitrarily or unjustifiably restrict international trade.  He also called for the resumption of holding parallel meetings of national trade and environment ministers in concert with the COPs.

“Business and government have a common interest in ensuring the smooth and successful operation of markets to support both environmental improvements and economic development,” said Mr. Robinson.  “Therefore, both the public and the private sectors will need to cooperate closely to ensure their activities work in concert.”

About USCIB
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Contact:

Jonathan Huneke, USCIB
+1 917.420.0039 (mobile), +1 212.703.5043 or jhuneke@uscib.org

BizMEF website

More on USCIB’s Environment Committee

Business Sets Sights on Deeper Engagement in Climate Talks

4027_image001
U.S. Energy Secretary Steven Chu, pictured here at last December’s conference in Copenhagen, will attend the Cancun event.

New York, N.Y. and Cancun, Mexico, November 30, 2010 – Under the banner of the International Chamber of Commerce (ICC), global business has a strong and constructive presence at the United Nations climate change conference which began this week in Cancun, Mexico.  Business leaders are seeking enhanced channels for engagement to ensure that the process benefits from the private sector’s dynamism and expertise, according to ICC’s American affiliate.

“Cancun offers an important opportunity to take steps toward meaningful global action beyond 2012 that involves all countries and the business community in a climate-friendly return to economic growth,” said Peter M. Robinson, president and CEO of the United States Council for International Business (USCIB).

Mr. Robinson said for global talks to succeed, the private sector must be a partner, since “it will deliver the lion’s share of the technology, capital and know-how to address this global challenge.”  He will be in Cancun for the second half of the two-week diplomatic conference, where he will join Norine Kennedy, USCIB’s vice president for energy and environment, and a sizeable business contingent.

The Paris-based ICC is the largest, most representative business organization in the world, providing private-sector views to the UN and other multilateral bodies, as well as national governments.  Its thousands of member companies in over 140 countries, including Mexico, have interests spanning every sector of private enterprise.

In its role as the official business and industry focal point in the UN Framework Convention on Climate Change (UNFCCC) process, ICC continues to work for closer cooperation between governments and business, and strives to ensure that governments create an enabling framework for business to continue developing and implementing practical climate change solutions across the full range of emissions reductions, efficiency and adaptation.

In the lead-up to the Cancun gathering, ICC, along with the World Business Council for Sustainable Development (WBCSD), helped facilitate business involvement in a series of discussions on topics critical to the negotiations. Initiated and sponsored by the Mexican government, the “Mexican Dialogues” aimed to provide informal private-sector input into the official process, and to increase understanding between business and governments on public/private-sector synergies in finance, markets and technology.

In Cancun, ICC will once again co-host the annual Business Day on December 6 with the WBCSD, which will focus on “building bridges” to deliver effective climate solutions.

Despite uncertainty after the UN climate change conference in Copenhagen last year, global business continues to support the development of a robust post-2012 framework agreement.

“Cancun can help drive the process forward by setting the conditions to stimulate private-sector investment and spur innovation in efficient and low-emitting technologies,” said Jean Guy Carrier, ICC’s secretary general.

Financing’s crucial role

In 2009, several governments committed to mobilize $100 billion (U.S.) a year for climate finance by 2020.  But such large flows will require responsible institutions with sound governance and increased trust.  In a letter last week to U.S. Treasury Secretary Timothy Geithner, USCIB underscored the need for improved synergy of public monies and private finance to fight climate change.

In a separate statement, ICC stressed that business invests when there is a clear and predictable policy framework.  It urged negotiators to establish a set of clearly outlined financing goals and objective, transparent governance procedures to help businesses understand the public policy agenda on climate finance. Setting conditions and mobilizing finance will also be the focus of an ICC roundtable on December 1, co-hosted in partnership with Responding to Climate Change.

In addition, ICC is pressing negotiators to ensure that any agreement reached is workable, in terms of  promoting technology transfer in concert with markets and commercial transactions, and respects intellectual property rights. ICC will explore the issues involved in technology development and deployment in a panel event in Cancun on December 3.

ICC has also called on governments to assure the continuity of current UNFCCC market mechanisms such as the Clean Development Mechanism.  ICC hopes that negotiators will send a strong signal to indicate the continuation after 2012 of market mechanisms that have a role to play in addressing climate change.

The world business body will be engaged for the duration of the Cancun talks and will host numerous briefings and events in addition to those noted above.  For more information on these events, please click here.

About USCIB
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Contacts:

Jonathan Huneke, USCIB
+1 212.703.5043 or jhuneke@uscib.org

Mary Kelly, ICC (Cancun)
+33 6 09.01.11.32 or mary.kelly@iccwbo.org

Alba Rooney, ICC (Paris)
Tel: +33 1 49.53.28.22 or alba.rooney@iccwbo.org

USCIB letter to Secretary Geithner on climate financing

ICC statement on finance and climate change

ICC website

World Business Welcomes G20 Pledge to Complete Doha Round in 2011

4019_image002Seoul and New York, November 12, 2010 – The International Chamber of Commerce (ICC) welcomed the commitment of the Seoul G20 Summit to complete the Doha Round of global trade talks by the end of 2011, and to take other measures to ensure that trade can make a meaningful contribution to the global economic recovery and job creation.

“The Doha Round can be an inexpensive and effective stimulus package for the world economy, and can create the necessary conditions for realizing the G20’s objective of strong, sustainable and balanced growth,” said ICC Chairman Rajat K Gupta.

“ICC appreciates the recognition by the G20 of the importance of private sector-led growth and job creation, and believes that completing the Doha Round will make a significant contribution to this end,” Mr. Gupta added in a statement released by ICC’s American affiliate, the United States Council for International Business (USCIB).

ICC is the largest, most representative business organization in the world. Its hundreds of thousands of member companies in over 120 countries have interests spanning every sector of private enterprise.  Prior to the G20 Summit, ICC helped organize the G20 Business Summit, where over 100 top executives from around the world put forward their recommendations for G20 action.

USCIB Chairman Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies, took part in the business summit.  For a consolidated listing of G20-related statements and actions from USCIB and its global network, please click here.

It appears that the G20 has set a target “to complete the end game” of the Doha Round in 2011.  ICC said it agreed that “2011 is a critical window of opportunity” and called on G20 leaders to make a personal commitment to realizing this objective, as some leaders have already done.

ICC said it was encouraged by the G20’s rejection of unilateral action in favor of multilateral cooperation to address excessive trade imbalances, including through the development of indicative guidelines by the International Monetary Fund (IMF) to be applied starting in 2011.

The world business body urged G20 leaders to recognize that, in the context of improving regulation of the financial sector, it is particularly important to develop regulatory measures that will not be detrimental to global trade finance, or to developing economies where trade finance is much needed.

ICC said it joins the G20 leaders in looking forward to continuing G20 Business Summits and their input into the G20 policy agenda.  “ICC’s participation in the Seoul G20 Business Summit has reinforced its view that an official and permanent mechanism is needed to maintain the dialogue between business and the G20 at and in between summits,” said ICC Secretary General Jean-Guy Carrier.

Click here to read the full text of the ICC G20 statement.

About USCIB
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Contacts:

Alba Rooney, ICC
+33 1 49 53 28 22 or alba.rooney@iccwbo.org

Jonathan Huneke, USCIB
+1 212.703.5043 or jhuneke@uscib.org

USCIB resource page: Consolidated G20-related statements and actions

Related story: USCIB affiliates IOE and BIAC issue joint statement to G20

ICC website

ICC Delivers Global Business Views to G20 Heralds Innovative Business Summit

4018_image002Seoul and New York, November 10, 2010 – The International Chamber of Commerce (ICC) is playing a leading role at an international gathering of over 100 CEOs coinciding with the G20 Summit, voicing the views of global business on vital issues, and demonstrating that increased cooperation between business and governments is crucial to the global economic recovery, and to sustained economic growth.

“Although the majority of issues tackled by the G20 are directly related to global business, the G20 process has no formal means to solicit input from business leaders on its agenda and work,” said Rajat Gupta, chairman of ICC and head of the delegation of ICC leaders to the G20 Business Summit, also known as the B20.  The ICC delegation includes Stephen Green, vice chairman of ICC and group chairman of HSBC; Victor Fung, ICC’s honorary chairman and group chairman of Li & Fung; Marcus Wallenberg, past chairman of ICC and chairman of SEB; Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies, member of ICC’s executive board and chairman of its U.S. affiliate; and ICC Secretary General Jean-Guy Carrier.

“The G20 Business Summit is therefore a welcome innovation,” said Mr. Gupta. “We are grateful to Korean President Lee Myung-bak for opening this door and reaching out to business.”

The Paris-based ICC is the largest, most representative business organization in the world. Its hundreds of thousands of member companies in over 120 countries have interests spanning every sector of private enterprise.  The United States Council for International Business (USCIB), based in New York, serves as ICC’s American national committee.

“Having long served as a trusted voice of business, providing business views to previous G8 and G20 meetings, ICC believes the inaugural G20 Business Summit here in Seoul provides a unique opportunity for business to be more engaged on the ground during discussions,” said Mr. Fung. “In response, we have accepted the challenge and we have been delighted to see the world business community respond so enthusiastically,” he said.

In the lead-up to the G20 gathering, ICC has been heavily involved in shaping business messages, which include positions on trade finance, financial regulatory reform, green economies, sustainable development and facilitating the ability of small and medium-sized enterprises to contribute to economic growth.  Yesterday, Mr. Gupta met privately with the Korean president to deliver ICC’s recommendations to the G20 Summit on behalf of global business.

Mr. McGraw, fresh from participating in President Obama’s three-day mission to India, where he played a leading role in business events surrounding the visit, urged the G20 governments to seize this opportunity to formulate policies for long-term growth based on their shared interest in expanded trade and investment.  “Around the world, we have seen how opening new markets leads to new jobs and higher standards of living,” he said.  “Now more than ever, members of the G20 need to work together to realize this promise.”

Recommendations on SMEs, finance, natural resources and trade

Mr. Green, who chairs the B20 working group on nurturing small and medium-sized enterprises, one of the business summit’s 12 roundtable discussions, stated: “These discussions provide a direct opportunity for G20 heads of government to listen to our messages and to learn from companies who have the expertise and who understand the practical consequences of regulations and policy decisions on the economy and on jobs.

“The SME sector is vital to our world economy and the role of these businesses is increasingly viewed as that of a powerhouse of employment, innovation and entrepreneurial spirit.  But this sector often does not get the support it needs from governments, financial institutions and capital markets. During the summit, we will call on G20 governments to remove regulatory and financial roadblocks that hold back their development. Moreover, we will ask governments to establish national, regional and global funds to support the capitalization of SMEs and to spur innovation, research and development by strongly encouraging government-university-industry R&D collaborations to include SME partners.”

Mr. Wallenberg, who chairs the B20 working group on financing infrastructure and natural resources, noted: “The G20 can make a lot of progress on its agenda by putting in place clear and rational legal frameworks, providing targeted incentives to move the economy in the right direction, and building public-private partnerships to tackle major development goals such as access to energy and water, training for employment and expanding healthcare systems.”

Mr. Wallenberg said that G20 efforts to define a standard, global model for public-private partnerships will facilitate private investment to upgrade aging infrastructure in developed countries, meet the demands of urbanization and improve living standards in developing countries, build transportation infrastructure to facilitate growing international trade and achieve sustainable development goals.

“Our working group found an estimated $600 billion annual shortfall in project funding, which jeopardizes the potential for infrastructure and natural resources to contribute to economic growth and social progress,” he added.  “Private investment can fill the gap, if the G20 can deliver predictable policy frameworks and stable investment regimes.”

Mr. Fung, who chairs the B20 working group on revitalizing world trade, noted that trade volumes have started to recover since the outbreak of the global economic crisis.  “We must ensure that trade volumes continue to grow by creating additional opportunities through trade liberalization, while nurturing a supportive environment for trade finance, and improving the governance of trade,” he said.

“Trade is the lifeblood of the global economy and the world needs more of it at this critical moment, not less.  We are calling on G20 leaders to personally engage in completing the Doha Round of multilateral trade negotiations and to resist protectionism and trade-restrictive practices that impede the flow of goods and services.”

Ongoing business input to the G20 agenda

Mr. Gupta added: “In addition to listening to business views on policy, ICC hopes that the G20 will recognize the value of the G20 Business Summit here in Seoul and will create a permanent role for business at future G20 Summits and in the policymaking process between summits.

“The Business Summit demonstrates that there are very good reasons for increased collaboration between business and government. The commitment and product of the CEOs gathered here compels a mechanism to continue the dialogue.”

Mr. Carrier stated: “ICC calls upon the G20 leaders during their summit this week to establish a mechanism for business and G20 governments to follow up implementation of actions and proposals emerging from both the B20 and G20 Summits.  As the representative voice of global business, ICC has long played a role in bridging the gap and deepening collaboration between government and business.  We welcome the opportunity to play such a role in order to maintain the dialogue and collaborations between summits.  ICC encourages G20 leaders to continue the Business Summit and hopes that France and Mexico will build on the initiative taken by Korea.”

Click here to read the full text of the ICC G20 statement.

About USCIB

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Contacts:

Dawn Chardonnal, ICC
+33 (0)1 49 53 29 07 or dawn.chardonnal@iccwbo.org

Jeffrey Hardy, ICC (in Seoul)
+1 239 935 9839 or jeffrey.hardy@iccwbo.org

Jonathan Huneke, USCIB
+1 212.703.5043 or jhuneke@uscib.org

Related story: USCIB affiliates IOE and BIAC issue joint statement to G20 

USCIB resource page: Consolidated G20-related statements and actions

ICC website

Ahead of G20 Summit International Chamber of Commerce Leaders Meet With Korean President

4017_image001Seoul and New York, November 9, 2010 –G20 leaders meeting in Seoul should resist protectionism and economic nationalism, restore trade finance to more normal levels and strengthen multilateral cooperation to improve the health of the global economy, ICC Chairman Rajat Gupta told Korean President Lee Myung-bak today.

The information was released by ICC’s American national committee, the United States Council for International Business (USCIB).

As world leaders head to Seoul for G20 talks this week, ICC voiced the views of global business and pledged continued engagement in the G20 process during a private meeting with Mr. Lee at the president’s office.

Mr. Gupta told Mr. Lee that business welcomed the opportunity to feed its views and expertise into the G20 process and promised that the value of business input would be clearly demonstrated during the summit.

ICC is the largest, most representative business organization in the world, providing global business views to the G8 and G20.  Its thousands of member companies in over 140 countries have interests spanning every sector of private enterprise.

Mr. Lee told Mr. Gupta he shared ICC’s views and that he intended to encourage other world leaders at this week’s G20 Summit to halt protectionist measures and to bring the Doha Round of trade negotiations to a swift conclusion.

Mr. Lee and Mr. Gupta agreed that the best way to counteract the threats posed by currency wars and protectionism was to strengthen the multilateral system by concluding the Doha Round.

During the private meeting with Mr Lee at the President’s office, ICC voiced the views of global business and pledged continued engagement in the G20 process.

The meeting took place on the eve of the two-day G20 Business Summit (B20) – an international gathering of more than 100 global chief executives which is being held just before the G20 Summit of heads of state.  ICC contributed heavily to the four-month policy preparations and is playing a leading role during the B20.

During the meeting with President Lee, Mr. Gupta drew attention to the imminent threat of “currency wars” that could seriously hamper attempts to rebalance the world economy and spark degeneration into protectionism.

“While some progress was made by G20 finance ministers earlier in the year, it is paramount that the Seoul Summit agrees upon a framework aimed at addressing imbalances through a collaborative and multilateral approach,” he said.

Underscoring the crucial role of trade to strengthen the global economy and raise living standards around the globe, Mr. Gupta also told Mr. Lee that business would like to see commitment and a personal engagement on the part of each G20 leader to bring the Doha Round of trade negotiations to a swift conclusion.

Mr. Gupta said: “We have an obligation not only to provide economic growth but to make that growth inclusive and equitable.”

ICC paper

ICC outlined its recommendations to the G20 Summit in a paper presented to the Korean president entitled “Business and the world economy.”

The ICC paper said “a buoyant expansion of international trade is a key element in the fight to improve the health of the world economy” and noted that world trade had contracted by 12 percent in 2009, the sharpest decline in 70 years. World trade is currently forecast to rebound by 13.5 percent in 2010, according to the World Trade Organization.

The ICC paper cited the falling cost of trade finance and the rising volume of transactions as part of the improving trade conditions, but cautioned that trade finance volumes seem to have exhibited a high level of volatility, that recovery appears to be uneven across countries and that significant differences persist in the cost of trade finance.

With respect to regulatory issues, ICC added: “Although it is crucial to improve regulation of the financial sector following the crisis that broke towards the end of 2008, it is also important to develop regulatory measures that will not be detrimental to global trade − and particularly to developing economies where trade finance is much needed.”

Climate change

Stressing that global challenges require collective actions, the ICC delegation meeting with Mr. Lee discussed the role of business as a crucial partner in devising solutions to climate change. While ICC supports sustainable development, Mr. Gupta said that closer cooperation between governments and business was required to bolster efforts towards reduced greenhouse gas emissions and green growth.

Referring to outcomes of the 2009 UN Climate Change Conference in Copenhagen, where several governments committed to mobilize $100 billion (U.S.) a year for climate finance by 2020, ICC told Mr. Lee: “Business invests when there is a clear and predictable policy framework.”

Business and the G20 agenda

The ICC leaders congratulated Mr. Lee on creating the B20 Summit and asked him to recommend that the G20 put in place a permanent mechanism that would enable business and governments to follow up and facilitate the implementation of pertinent proposals emerging from the G20 and B20 Summits.

“We believe that the Seoul Business Summit will create a legacy of cooperation between business and the G20,” said ICC Secretary General Jean-Guy Carrier. “To carry forward this work, ICC believes it is essential to maintain the dialogue between business and the G20 – not just for the next summit in France, but throughout the year in between summits.”

As the voice of business worldwide, ICC said that it stands ready to contribute to and coordinate such a mechanism.  ICC is a trusted representative of business interests and has long provided policy views and recommendations on behalf of business to the G8, and more recently the G20.

The ICC delegation that met with Mr. Lee also included ICC Korea Chairman Young Tae Kim and Korea Chamber of Commerce and Industry Chairman Kyung-shik SohnChoi Joong-kyung, senior presidential aide for economic affairs, and Hong Sang-pyo, senior presidential aide for public affairs, also attended the meeting, as well as members of the media.

Click here to read the full text of the ICC G20 statement.

About USCIB
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing leading international business organizations, including ICC, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Contacts:

Jonathan Huneke, USCIB
+1 212.703.5043 or jhuneke@uscib.org

Dawn Chardonnal, ICC
+33 1.49.53.29.07 or dawn.chardonnal@iccwbo.org

ICC website

 

Rob Mulligan Tapped to Head Pro-Trade Groups Washington Office

Rob Mulligan
Rob Mulligan

New York, N.Y., October 7, 2010Rob Mulligan, the former top international executive with TechAmerica, has been hired to head the Washington, D.C. office of the United States Council for International Business (USCIB), a leading pro-trade group representing America’s top global companies.  He succeeds Timothy Deal, who has retired following 14 years with the organization.

As senior vice president and head of the New York-based USCIB’s Washington office, Mr. Mulligan will coordinate representation to the Executive Branch and Congress on a wide range of trade and investment issues of importance to the U.S. business community.  He will also oversee the organization’s participation in business lobbying and coalition-building efforts.

“Rob Mulligan is an experienced ‘business diplomat,’” stated USCIB President and CEO Peter Robinson.  “In addition to his substantive knowledge in key business policy areas, Rob knows Washington, and has contacts with policymakers and government officials around the world.  His background in the corporate sector and in the trade association world gives him an appreciation of the needs of a member-driven organization like USCIB.”

Mr. Mulligan previously served for six years as senior vice president, international with TechAmerica (formerly the American Electronics Association), the largest U.S. high-tech trade association.  There he worked with member companies in devising strategies for addressing international trade, investment and regulatory issues affecting the high-tech industry, and he directed advocacy efforts through a team of experts in Washington, Brussels and Beijing.

Prior to TechAmerica, Mr. Mulligan served for seven years as assistant vice president for international external affairs with The Chubb Corporation, a global commercial specialty insurer.  He developed and implemented the corporation’s international strategy for interacting with governments and business organizations worldwide on issues related to trade policy, insurance regulation and business development.

Mr. Mulligan has also served as executive director of the Central Europe Institute in Prague, and with the U.S. Department of Commerce as an international trade specialist.  He has an MBA from the Solvay Business School at the Université Libre de Bruxelles, a J.D. from the Ohio State University College of Law and a B.A. from Miami University.

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and prudent regulation.  Its members include top U.S.-based global companies and professional services firms from every sector of our economy, with operations in every region of the world.  With a unique global network encompassing the International Chamber of Commerce, the International Organization of Employers and the Business and Industry Advisory Committee to the OECD, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org

Contact:
Jonathan Huneke, USCIB
(212) 703-5043 or jhuneke@uscib.org