Business Actions Key to Advancing Womens Economic Empowerment

Reports

 

(L-R) Michael Goltzman (the Coca-Cola Company), Ellie Bertani (Wal-Mart) , Ronnie Goldberg (USCIB), Nicole Primmer (BIAC), Madonna Jarrett (Deloitte), Justine Badimon (USCIB), Rachel Spence (USCIB)
(L-R) Michael Goltzman (the Coca-Cola Company), Ellie Bertani (Wal-Mart) , Ronnie Goldberg (USCIB), Nicole Primmer (BIAC), Madonna Jarrett (Deloitte), Justine Badimon (USCIB), Rachel Spence (USCIB)

Private sector initiatives remain key to driving the advancement of women in the workplace. But progress remains slow and uneven, according to Putting All our Minds to Work: An Assessment, a survey report released today by BIAC and Deloitte Touche Tohmatsu Limited.

The report, which assesses recent changes in corporate practice to advance women into leadership positions, follows the 2012 BIAC/AmCham Report and Toolkit: Putting All our Minds to Work: Harnessing the Gender Dividend.

As a follow-up to the survey report, women’s entrepreneurship served as the focus of a BIAC Workshop in Paris today, which brought together companies, entrepreneurs, governments and Organization for Economic Cooperation and Development (OECD) officials to discuss the challenges women face in starting and growing their businesses.

USCIB member companies – Wal-Mart, UPS and the Coca-Cola Company – contributed to the workshop and discussed their corporate programs that promote and support women’s entrepreneurship in the local communities in which they operate and within their supply chains. The companies highlighted the positive effects of supporting women-owned enterprises on their bottom line, emphasizing that the programs are not corporate social responsibility, but business initiatives.

USCIB’s Ronnie Goldberg, senior counsel and chair of BIAC’s Committee on Employment, Labor and Social affairs, said: “This is an exciting opportunity for BIAC to stimulate creative and innovative thinking on best practices and policies necessary to support women’s enterprises across all sectors of the economy.”

As cited in the survey report, over 66 percent of companies surveyed reported an increase in the percentage of women in executive leadership positions since 2010. Forty-seven percent have introduced policy and practice changes aimed at women at the managerial level, and 44 percent have done so for women in executive leadership positions.

Some of the most common practices cited by companies to advance women in the workplace include “high potential development plans,” workplace flexibility policies, inclusive leadership development, mentorship and provisions for parental leave.

Despite progress, more than half of the respondents hand not recently introduced new plans to encourage women’s advancement in their workplace.

“The survey results show that while progress is being made, more effort is required across the board before organizations can generate greater economic empowerment of women,” said Bernhard Welschke, secretary general of BIAC. “Neither economies nor companies can afford to miss out on the contributions of women. Progress depends on senior leadership in business and government, as well as in society working together to support women in the workforce and encouraging them as entrepreneurs.”

The greatest catalysts for change within organizations are the CEO, senior managers and the Board, while laws, political leadership and corporate governance were seen as comparatively more promising in markets without female hiring quotas, and the media and academia in markets with quotas, all pointing to the fact that more must and can be done.

The survey also found that 22 percent of surveyed companies reported losing women from leadership positions through voluntary resignations. Reasons cited included better opportunities elsewhere or lack of promotion or career development challenges.

The reasons given for women leaving the workplace suggest the current business environment is not providing the majority of female employees’ adequate support.

“Talented women are making their own choices – and too many are choosing simply to step off the corporate ladder believing further advancement is not available to them. This has to change and change needs leadership,” said Steve Almond, chairman of Deloitte Global. “Business leaders must own the issue of gender diversity instead of pushing the job off to Human Resources; they need to move beyond declarations to substantive engagement, providing sponsors, coaches and mentors to help talented women achieve their true potential. This is not about lowering the hurdle; it is about encouraging women to stay the course to give themselves the chance of clearing the hurdle.”

The report and workshop will be followed by continued work from BIAC and USCIB on advancing women’s economic empowerment in coordination with the OECD Recommendation of the Counsel on Gender Equality and as a lead up to their future work in this area, especially in regard to supporting women’s entrepreneurship.

View the Workshop Photos (flickr).

Watch Goldberg’s closing remarks (YouTube).

Staff contact: Ronnie Goldberg and Justine Badimon

 

 

Multistakeholder Internet Governance Model Lauded at OECD

Reports

4766_image004Coming on the heels of the stock-taking meeting of  the World Summit of the Information Society earlier this month, The Organization for Economic Cooperation and Development (OECD) Committee on Digital Economy Policy (CDEP) met last week in Paris to review policies affecting the development and use of information and communications technologies (ICTs). The committee held several sessions on the OECD Internet Policy Principles, the planned 2016 OECD Ministerial, revisions of the OECD Internet Security Guidelines and other issues relating to Internet governance.

USCIB is the American affiliate of the Business and Industry Advisory Council
to the OECD, which supports a multistakeholder model for Internet governance that upholds freedoms of information and expression, as opposed to a framework that would allow for unnecessary government intrusion and censorship.

USCIB’s Vice President for ICT policy, Barbara Wanner, reports that the CDEP meetings from June 16 to 20 focused on the relevance of the OECD’s 2011 Internet Policy Principles given current international developments in Internet governance. In addition, representatives from at least 30 OECD member states as well as the EU, BIAC, the Industrial Technology and Assistance Corporation, and Civil Society Information Society Advisory Council of the OECD forged a new path to revise the 2002 Security Guidelines, discussed plans for the ministerial, and determined work-streams that will support ministerial preparations.

High-Level Session on Internet Policy Principles

A special high-level session on the OECD’s Internet Policy Principles (IPP) featured senior government officials from the United States, Germany, Brazil, the UK, Sweden, and Korea, all of whom extolled the value of the IPP as providing a stable framework to use in addressing Internet governance issues in various domestic and global forums. The IPP promote the global free flow of information and seek to ensure an open and interconnected Internet.

Virgilio Almeida, Brazil’s secretary of information technology policies and chair of NETMundial pointed out that proponents of the multistakeholder model need to develop a compelling narrative for global Internet governance. This will help to broaden support among developing countries for a bottom-up approach to governance aimed at keeping the Internet open, stable, and resilient. In this regard, Almeida said the need for such a narrative presents the OECD with a unique opportunity to tap its core competence in evidence-based research. The OECD should undertake economic analysis that highlights the economic and developmental benefits that can be realized through access to the Internet, Almeida urged.

A related theme in several speakers’ remarks concerned the importance of institutional capacity building aimed at enabling more developing countries to understand and implement an IPP-based approach to Internet Governance. Olof Ehrenkrona, senior advisor to the Swedish minister for foreign affairs, observed that “those of us who believe yesterday is better than today will never prevail tomorrow.”  He cautioned that while the IPPs have “become main-stream” in only three years, there still are countries – he called out Russia, in particular – that are considering legislation that will open the door to censorship and other principles and practices antithetical to the OECD Principles. OECD members therefore need to do a better job of engaging developing countries and help them to understand the economic, developmental, and societal benefits of maintaining an open Internet.

2016 Ministerial

The three day conference, which will be along the lines of the OECD’s 2008 Seoul Ministerial on the “Future of the Internet Economy,” will be held in either late April or mid-May 2016 in Cancun, Mexico. It will be preceded by one-day parallel forums for stakeholders including BIAC. The proposed theme for the ministerial is “Digital Innovation Transforming Societies.”

BIAC urged that non-government stakeholders participate on the special steering group that will formed to plan to Ministerial.

Revision of the 2002 OECD Internet Security Guidelines

During a special drafting session on June 17, USCIB members who participated in the BIAC delegation made important contributions aimed at clarifying conceptual elements, improving definitions of key terms and addressing potential ambiguities in the second draft of the revised Security Guidelines. Earlier in the year, USCIB had submitted a number of substantive comments and editorial changes to the first draft.  Key points of the June 17 discussion included:

  • The Guidelines should apply to both the government and the business. BIAC noted that, unlike the earlier version, the second draft offers a less “top-down” approach to the development and implementation of frameworks for managing risk in a digital ecosystem.
  • More work is needed to clarify scope and definitions.
  • A new principle on international cooperation is warranted, with greater emphasis on public-private cooperation, particularly in the development of strategies for managing risk in a digital economy.
  • The term “participants” should be replaced with “stakeholders.” BIAC clarified that “stakeholders” include a range of people providing inputs “as appropriate to their role.”

OECD members will consider at least three more drafts and hold a second, in-person drafting session sometime in October with the goal of sending a final version to the CDEP for approval in December 2014. USCIB, through BIAC, will utilize these additional opportunities to help further improve and refine the revised Guidelines.

Staff contact: Barbara Wanner

More on USCIB’s Information and Communications Technology Committee

 

Honoring Ed Potter at the IOE Leaders Summit

Ed Potter (Coca-Cola) addressed the ILO Conference in Geneva on June 10.
Ed Potter (Coca-Cola) addressed the ILO Conference in Geneva on June 10.

The 103rd International Labor Conference wrapped up last week in Geneva, concluding the International Labor Organization’s (ILO) high-level deliberations that brought together government delegates from the organization’s 185 member states, representatives from workers’ organizations and employers’ organizations to discuss a wide range of employment and workforce development issues.

During the International Organization of Employers (IOE) Leaders’ Summit, the Employers’ Group paid tribute to Ed Potter, the employers’ spokesperson, thanking him for his many years of expertise and service to the employer cause at the International Labor Conference.

Potter serves chairs USCIB’s Labor and Employment Committee and is the director of global workplace rights at The Coca-Cola Company. After three decades of championing business at the ILO Conference, Potter will retire next year. His work in this year’s discussion on forced labor was described as “masterful.”

At the proposal of Peter Woolford of the Canadian Employers’ Council, Potter received a standing ovation from the Employers’ Group at the IOE Leaders’ Summit for his many years of dedication, expertise and service. Looking back at 1980, when Potter’s ILO Conference career kicked off, Woolford reminisced that the Berlin Wall still stood, Lech Walesa was making waves in Poland, two guys were working in a garage in California on something that would become a fruit-branded personal computer, and Swedish pop band Abba was at the top of the charts; appropriately with “Super Trouper.”

USCIB held a dinner on June 11 in Geneva at the Cercle de la Terasse, hosted by USCIB President and CEO Peter Robinson, in honor of both Potter and USCIB Senior Counsel Ronnie Goldberg, who had been reelected as U.S. member of the ILO Governing Body. Robinson and USCIB Vice President for Labor Affairs Ariel Meyerstein toasted Potter and Goldberg “for their decades of service representing business and employers, working in tripartite partnership to promote economic growth, job creation and social development.”

Guests included ILO Director General Guy Ryder, IOE Secretary General Brent Wilton, IOE Chairman Daniel Funes de Rioja, and other colleagues from the government, business, and trade union communities.

Read the IOE’s Report on the 103rd International Labor Conference.

Staff contacts: Ronnie Goldberg and Ariel Meyerstein

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Trade Facilitation Off to Good Start Says WCO Director

Speaking to over 40 members of the International Chamber of Commerce (ICC) Commission on Customs and Trade Facilitation last week, World Customs Organization (WCO) Director of Compliance and Facilitation, Gaozhang Zhu said he was optimistic about the implementation of the World Trade Organization (WTO) Agreement on Trade Facilitation adopted at the WTO’s Ninth Ministerial Conference in Bali at the end of 2013.

USCIB’s Kristin Isabelli attended last week’s meetings and reported on the Global Trade Facilitation Agreement Coalition – a partnership between USCIB, the U.S. Chamber of Commerce, the National Foreign Trade Council and the Express Association of America – in helping to move the agreement forward.

On behalf of its global network reaching 6.5 million companies worldwide, ICC was steadfast in its campaign to push for improvements in trade facilitation which, according to an ICC report, could boost the world economy by $1 trillion annually and result in job gains of 21 million.

“Because most articles of the WTO’s Agreement on Trade Facilitation will be implemented by Customs agencies, the WCO is well-positioned to drive the trade facilitation agenda,” Zhu said. “The aim is to secure a resilient supply chain. We are off to a good start but the hard work is just beginning.”

Read more on the ICC website.

Staff contact: Kristin Isabelli

More on USCIB’s Customs and Trade Facilitation Committee

 

Global Trade Set to Benefit From ICC Trade Register Report

4762_image002It has long been anecdotally known that trade finance is a low risk for lenders. That claim now has a wealth of data to back it up. Today the International Chamber of Commerce (ICC) released its 2014 Trade Register Report, providing overwhelming evidence that trade and export finance – in all its forms – is a low risk bank financing technique.

The report supports ICC’s and USCIB’s advocacy of trade finance as a strong contribution to economic recovery and growth. Its findings hold the potential to alter attitudes towards trade finance, and therefore contribute to the growth of both global trade and the global economy.

The Trade Register also highlights a concern about the effect overly-stringent money laundering regulations have on trade finance flows. Strict regulations have damaged access of some firms to trade and export finance services.

“The intention of the Register was to progress the understanding of trade finance, its importance to global trade and its highly-effective risk mitigation capabilities,” explained Kah Chye Tan, Chair of ICC Banking Commission. “The impact of the Register, however, is much greater. As the latest results show, the Register provides concrete fact-based evidence that trade finance is low risk which, if fully reflected in capital requirements, would help banks to give companies the financing support they need for their exports, and to contribute even further to the global economy as it recovers from the global financial crisis.”

The report’s findings may help policymakers understand the negative consequences such laws have on export finance, which is crucial for economic growth in the developing world.

First launched in 2009 by ICC’s Banking Commission, the report is widely recognized as one of the world’s leading analytical reports on global risks for the trade finance industry—identifying risks across a range of trade finance products and markets.

Read more on the ICC website.

ICC Flags up Concerns Over Effect of Money-Laundering Laws (Financial Times)

Staff contact: Eva Hampl

More on USCIB’s Banking Committee

 

USCIB Chairman Meets with Chinese Vice Premier

USCIB Chairman Terry McGraw (left) and Chinese Premier Li Keqiang
USCIB Chairman Terry McGraw (left) and Chinese Premier Li Keqiang

A delegation of leaders from the International Chamber of Commerce (ICC) met today with the Premier of the People’s Republic of China Li Keqiang in Beijing. Led by USCIB and ICC Chairman Terry McGraw, chairman of McGraw Hill Financial [now S&P Global], the delegation included Jean-Guy Carrier, ICC’s secretary general; Jiang Zengwei, chairman of the China Council for the Promotion of International Trade; Lin Shunjie, secretary general of ICC China; and ICC executive board member Andrea Tomat, CEO of Lotto Sport Italia.

Joined by Chinese government officials, the high-level meeting focused on ICC’s work to promote multilateral trade and investment. World business leaders praised Li for China’s new pathway to economic reform and encouraged greater focus on trade and investment initiatives, including working to implement the World Trade Organization (WTO) Trade Facilitation Agreement, protecting intellectual property, lowering barriers to trade and investment, and fighting corruption.

“China is a vital economy and a key player in helping design global economic governance and reform in key forums such as the G20,” said McGraw. “One important step now for China to pave the way for greater market opening that creates more opportunity and higher growth throughout the world, is to demonstrate strong support for implementing the WTO agreement reached last year in Bali.”

ICC’s Products and Services

The meeting also raised awareness of ICC’s essential products and services that can support Chinese companies expanding to international markets and meet the challenges and opportunities of an increasingly integrated global economy. These include ICC’s world renowned commercial dispute resolution services, practical trainings, and voluntary rules, guidelines, and codes that facilitate cross-border transactions and help spread best practice among companies.

McGraw and Carrier briefed Keqiang on the value of ICC as a key player to help Chinese companies operate internationally through close ties with ICC representatives and partners in the country. During discussions, the ICC delegation underscored objectives to increase the use of ICC’s international rules and procedures by Chinese companies to resolve business disputes that arise when doing business across borders. They also highlighted ICC’s practical suite of corporate governance and anti-corruption tools as well as tools to help businesses understand the importance of the intellectual property system and IP rights management.

The delegation also drew attention to the first official Mandarin translation
of the Consolidated ICC Code of Advertising and Marketing Communications Practice (ICC Code), launched in Beijing just a few days before the meeting during the 43rd World Advertising Congress.

Asia-Pacific CEO Forum

Ahead of the meeting with Keqiang, ICC leaders participated in the 2014 ICC Asia-Pacific CEO Forum in Kunshan to explore ways in which the Asia-Pacific region can help stimulate the global economy as it rebounds from crisis and garner the views of business leaders in the region. Combining interactive panel discussions and networking opportunities for some 300 business leaders from around the world, the Forum took place during the third China Import Expo, and this year served as the ICC World Business Leaders Conference.

“The Forum and the Expo are excellent examples of the vibrancy of business in China and the Asia-Pacific region and demonstrate the role it plays in shaping the world economy,” Carrier said.

Forum participants also joined an ICC G20 policy consultation, contributing business views from the region into ICC’s business recommendations to G20 leaders.

ICC events and meetings in China this week are in line with objectives of the organization to establish a greater presence in this important region and secure more participation in ICC’s work program from businesses in Asia.

McGraw Calls for Post-Bali World Trade Agenda at CEO Forum in China

USCIB and ICC Chairman Terry McGraw advocated for a post-Bali World Trade Agenda to create jobs and growth during the opening of the 2nd ICC Asia Pacific CEO Forum in China on May 14.

Regional leaders and CEOs from around the Asia-Pacific region gathered at the Kunshan Expo Center in Kunshan, China for the first day of the ICC Asia Pacific CEO Forum. Building on the success of last year’s inaugural event in New Delhi, the two-day forum aims to demonstrate the vibrancy of the business community in the Asia-Pacific region.

Read more on ICC’s website.

Staff contacts: Rob Mulligan and Justine Badimon

More on USCIB’s Trade & Investment Committee

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Save-the-Date: BIAC Workshop on Women’s Entrepreneurship, June 24 Paris

4731_image001We invite you to join us for the upcoming workshop, “Putting All our Ideas to Work: Women and Entrepreneurship,” which will take place at the OECD in Paris from 9:00 a.m. to 4:00 p.m. on Tuesday, June 24.

Organized by the Business and Industry Advisory Committee (BIAC) to the OECD, this event will feature innovations in finance, as well as company initiatives to foster women’s entrepreneurship.  It will also serve as a forum for best practice and policy frameworks. A detailed agenda will be available shortly.

This workshop marks the second phase of BIAC’s work on women’s economic empowerment.  It follows the BIAC/AmCham Report, Putting all our Minds to Work:  Harnessing the Gender Dividend, which focused on women in management. In the coming weeks, BIAC intends to release the results of a survey based on the follow-up to that report.

USCIB Senior Counsel Ronnie Goldberg chairs the BIAC Employment, Labor, and Social Affairs (ELSA) Committee, under the auspices of which this work is being undertaken.  USCIB is also engaged in ILO activities related to women’s economic empowerment. We invite any members wishing to receive information on or participate in USCIB’s gender work to please notify Rachel Spence at rspence@uscib.org.

Staff Contacts: Ronnie Goldberg and Justine Badimon 

ICC Launches Spanish Version of Framework on Alcohol Advertising

4732_image001A Spanish edition of the International Chamber of Commerce’s global framework to help strengthen self-regulation for marketing alcohol has been launched today in Mexico City at a meeting of the ICC Mexico Commission on Marketing and Advertising. This follows the launch
of a Mandarin language translation of ICC’s global marketing code last week in Beijing.

The framework clarifies the do’s and don’ts for responsible marketing of alcohol and serves as the basis for developing self-regulatory rules for marketing alcohol where they do not already exist.

The Spanish edition has been translated by ICC Mexico from the original English version, which launched in March 2014. It will help advertising professionals understand how existing global marketing principles should be applied in practice while offering companies and self-regulatory bodies a guide for bolstering responsible practice across markets.

The commission worked with the alcohol sector to ensure that the framework helps companies meet self-regulation commitments without disrupting existing codes. In Mexico the alcohol industry was strongly supportive of the framework and encouraged its adoption and implementation.

Raul Rodriguez, Chair of ICC Mexico’s Marketing and Advertising Commission said: “It is without a doubt that this framework will become an important reference to industries in Mexico, considering that recognition of self-regulation systems in marketing and advertising is growing in the sectors involved: industry, regulation authorities, policymakers and consumers themselves; this encourages and drives the making of these types of conduct codes.”

The ICC Commission on Marketing and Advertising is the body of global experts responsible for developing and updating the Consolidated ICC Code of Advertising and Marketing Communications Practice, which serves as the gold standard for most national and regional self-regulation.

The ICC has served as the authoritative rule-setter for international advertising since the 1930s, when the first code on advertising practice was issued. Since then, it has updated and expanded the self-regulatory framework to assist companies in marketing their products responsibly and to help self-regulators apply the rules consistently.

Staff contact: Jonathan Huneke

More on USCIB’s Marketing and Advertising Committee

Mandarin Translation of ICC Marketing Code Launched

4727_image001The International Chamber of Commerce (ICC) unveiled the first official Mandarin translation of the Consolidated ICC Code of Advertising and Marketing Communications Practice, the updated version of a document first published in 1937. The ICC Code serves as an ethical rule-setting guide for self-regulatory bodies across all sectors, and is designed to build consumer trust in advertising practice while reducing the need for government regulation.

The Mandarin version of the ICC code was shared with the 1,300 delegates attending the 43rd World Advertising Congress in Beijing, presented by the International Advertising Association (IAA) and China Advertising Association, and hosted by China’s State Administration of Industry and Commerce and the Municipal Government of the City of Beijing.

The ICC code is the gold standard for self-regulation around the world. It offers a globally consistent baseline for economies developing standards while also providing flexibility for local laws and culture to be reflected in a local code.

This ninth revision of the ICC code, published in 2011, expands its global principles to address new technology and practice changes. Now published in 11 languages, the code is used as a foundation and resource for most national and sector self-regulatory systems. Self-regulatory bodies implement the principles to monitor advertising and provide consumers with easy access to make complaints and redress problems.

“The ICC Code reflects the commitment of companies from all sectors of industry and all regions of the world to responsible marketing and advertising,” said Carla Michelotti, vice chair of USCIB’s Marketing and Advertising Committee. “IAA was pleased to facilitate this launch with ICC and encourage cooperation across the sector locally and internationally to promote consistent responsible practice across markets.”

Michelotti, who is the executive vice president, chief legal, government and corporate affairs officer at Leo Burnett Worldwide and serves as an IAA board member, took the initiative to bring partner organizations together on this launch to promote responsible advertising practice.

After the congress on May 11, IAA and ICC will co-host a working level meeting on responsible marketing. Forty representatives from Chinese and international stakeholders will participate including, China State Council, State Administration of Industry and Commerce, Chinese National Advertisers Association, China Central Television Advertising Center, Mars, Proctor and Gamble, as well as Unilever and Sony.

“This is a timely opportunity to share and discuss the universal principles with practitioners in China just as the Chinese government is revising the 1994 Advertising Law at present and within it they are encouraging industry to build self-regulation onto that legislative platform,” said Elizabeth Thomas-Raynaud, ICC’s senior policy executive who staffs the ICC Marketing and Advertising Commission that produces the codes.

Staff contact: Jonathan Huneke

More on USCIB’s Marketing and Advertising Committee

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Robinson Talks Trade and Investment at OECD Forum

USCIB President and CEO Peter Robinson with Sharon Burrows, general secretary of the International Trade Union Confederation.
USCIB President and CEO Peter Robinson with Sharon Burrows, general secretary of the International Trade Union Confederation.

Trade and investment have become more intertwined, reinforcing and interdependent, USCIB President and CEO Peter Robinson told the annual OECD Forum in Paris on Tuesday, stressing the importance of global value chains and the need for smarter policies to foster FDI – and the growth and jobs it creates.

Robinson took part in a panel discussion moderated by Shawn Donnan of the Financial Times on the new realities of cross-border trade, including the development of highly integrated global value chains where various stages of R&D, production and distribution are scattered across many different countries. The session encouraged debate among panelists and the audience about how to adapt policies to meet the new, interconnected trade and production landscape.

In his remarks, Robinson identified three important trends – the growth of global value chains, the interdependence of trade and investment, and the dangers of protectionist policies such as forced localization and data flow restrictions – as he had highlighted at the BIAC/TUAC pre-Ministerial consultations with the OECD and the Japanese last month in Tokyo. He called for policies that acknowledge that the world of trade has shifted towards global value chains, and noted that the role of foreign direct investment is crucial and should be central to the discussion along with trade.

Other speakers at the Future of Trade panel included Robert Carvalho de Azevêdo, director general of the WTO; James Bacchus of Greenberg Traurig, chair of the Commission on Trade and Investment Policy at the International Chamber of Commerce; Sharan Burrow, general secretary of the International Trade Union Confederation; Tim Groser, New Zealand’s minister of trade; and Tadayuki Nagashima, executive vice president of the Japan External Trade Organization.

Trade and investment are two sides of the same coin, Robinson explained, neither will occur alone. Cross-border trade requires investment as well as investment protection like the investor state dispute settlement to help balance legitimate government needs and dispute resolution.

Robinson also warned that trade barriers are going up behind the border, handicapping the development of integrated global value chains. He encouraged the OECD to continue research on the impact of policies that localize production and content and limit data flows on global value chains.

The business community ideally favors a global approach to trade and investment liberalization, Robinson said. But he noted its encouragement of regional and functional initiatives such as the Trans-Pacific Partnership (TTP), the Transatlantic Trade and Investment Partnership (TTIP), and the Trade in Services Agreement and leveraging where possible those plurilateral or bilateral coalitions of the willing into multilateral ones. Robinson also thanked the OECD for its high-quality work on trade analysis, such as Trade in Value Added.

The OECD Forum takes place each year around the OECD’s ministerial council meeting, which this year focused on “Resilient Economies and Inclusive Societies.” A high-level United States delegation participated in the OECD ministerial, advancing efforts to level the playing field for American businesses and promoting a more open and outward-oriented OECD. The delegation included U.S. Trade Representative Michael Froman, Council of Economic Advisors Chairman Jason Furman and the new U.S. ambassador to the OECD, Daniel Yohannes.

Staff contact: Rob Mulligan

More on USCIB’s Trade and Investment Committee