President Obama: “Spirit of the OECD Can Guide Us” on Climate Change

L-R: President Barack Obama and OECD Secretary General Angel Gurria (Photo credit: OECD)
L-R: President Barack Obama and OECD Secretary General Angel Gurria (Photo credit: OECD)

President Barack Obama visited the Organization for Economic Cooperation and Development (OECD) on December 1 during his visit to Paris for the United Nations climate talks (COP21). Obama acknowledged the OECD’s position as a key actor in the global economy, and showed appreciation for the organization’s international comparative analysis, including work on taxes, gender and anti-corruption.

During a press conference at OECD headquarters, just seven miles from where climate negotiations took place at Le Bourget, Obama delivered a powerful message on the need to reach an ambitious agreement at COP21, and he expressed the United States’s support on that score. Obama then signed the livre d’or of the OECD with the following statement:

To the leaders and staff of the OECD – as the world gathers to meet the challenges of climate change, the spirit of the OECD can guide us. 

May our nations come together in cooperation and peace to protect our planet and improve the lives of our people.”

– Barack Obama

In addition to Obama, several other heads of state came through the OECD during  COP21, in which many directorates held well-attended side events at the OECD’s dedicated space.

 

Human Rights First Summit Explores Solutions to Human Trafficking

Human Rights First

“The 2015 Human Rights First Summit, held December 9 at the Newseum in Washington, D.C., featured experts who sought to answer difficult questions on how to combat human trafficking…a diverse panel of experts…moderated by Ariel Meyerstein, Vice President of Labor Affairs at the United States Council for International Business (USCIB)—delved deeper into the issue.”

Read the full Human Rights First article.

COP21: Business Fears Minimal Presence in Final Paris Text

Business Green

“Speaking to reporters this morning, Norine Kennedy of the US Council for International Business said while it was good to see the private sector referenced in the decision section of the text, it was disappointing there is no reference to business in the preamble.”

Read the full Business Green article.

Curbing Corruption and Providing a Level Playing Field for International Business

Eva Hampl (USCIB)

Corruption is a major obstacle to economic and social development around the world and adds considerable risk to doing business globally. On the occasion of the International Anti-Corruption Day this week, the Business and Industry Advisory Committee to the OECD (BIAC) organized a roundtable with the OECD Working Group on Bribery, calling for close private sector involvement in an ambitious OECD strategy to fight corruption and bribery.

“BIAC considers the OECD a key organization in the fight against bribery and corruption”, said Klaus Moosmayer of Siemens, chair of the BIAC Task Force on Anti-Corruption/Bribery. “Close public-private cooperation is essential to effectively curb corruption and provide a real level playing field for international business.”

The roundtable focused on two major topics where in BIAC’s opinion the OECD can play a key role:

(1) Addressing the demand side of bribery to help establish the necessary confidence for the business community, recognizing that solicitation poses a serious challenge for firms and discourages them from investing in countries where bribe demands are frequent, and

(2) Helping governments put in place a framework that incentivizes companies to build robust compliance programs and to self-report compliance breaches. If companies can be given legal certainty of not being punished for their cooperation, this can lead to major improvements in the fight against corruption.

Eva Hampl, USCIB’s director for investment, trade and financial services participated in the roundtable and spoke about the need to increase transparency and encourage companies to self-report instances of bribery.

BIAC calls upon the OECD and its members to forcefully engage themselves and foster international cooperation in these areas, working closely with the private sector.

USCIB Applauds Agreement on Final Customs Bill, Urges Swift Passage

Golden_GateWashington, D.C., December 10, 2015– The United States Council for International Business (USCIB) welcomed yesterday’s announcement that the Customs Conferees have issued a final bipartisan, bicameral, Conference report on the Trade Facilitation and Trade Enforcement Act of 2015. We applaud Congressional Leadership and appointed Conferees for moving this vital bill forward. We continue to urge Congress to take prompt action and pass the reconciled Trade Facilitation and Trade Enforcement Act of 2015 before Congress adjourns.

“American business needs this legislation, which is long overdue and sets the United States on a path to remain in the top-tier of nations when it comes to trade facilitation and customs modernization,” said USCIB President and CEO Peter Robinson. “We will work to get the bill passed and signed into law as quickly as possible.”

Last week, USCIB was joined by 21 other businesses organizations representing every sector of the American economy in signing a letter to Congressional leadership urging legislators to resolve outstanding issues and pass the Trade Facilitation and Trade Enforcement Act of 2015 before Congress adjourned.

“[W]e strongly encourage the passage of the Trade Facilitation and Trade Enforcement bill within the 2015 legislative calendar,” the letter stated. “Continued customs modernization is essential to providing U.S. Customs and Border Protection the support it needs to safeguard America’s borders while enhancing economic prosperity, and ensuring stability for American importers and exporters.”

About USCIB:

USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include 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
+1 212.703.5043, jhuneke@uscib.org

USCIB Historical Highlights: Seven Decades of Global Leadership

70yearsIn 2015, USCIB turned 70. Since its founding, USCIB has held fast to the belief that open markets unlock society’s true potential, and that global problems are best resolved through inclusive deliberation at global institutions.

To celebrate its 70 years, USCIB published a timeline of historical highlights from 1945 to the present.

Download USCIB Historical Highlights: Seven Decades of Global Leadership

At High-Level Summit, Business Representatives Urge Ambitious Climate Pact

Peter Robinson (USCIB)
Peter Robinson (USCIB)

Paris, December 9, 2015 – Private-sector representatives from around the world have endorsed the conclusion of an ambitious and comprehensive worldwide agreement to reduce greenhouse gas emissions and strengthen resilience, while advancing energy access and security in the context of sustainable development.

Meeting today at the headquarters of the French business federation. MEDEF, company executives and business federation officials from more than 20 countries agreed on a joint declaration stating: “Climate change is a common responsibility for all stakeholders, including for businesses in every part of the world, of every sector and every size, large groups and SMEs.”

“We have a common and unified approach to this urgent challenge,” said USCIB President and CEO Peter Robinson. “Our message to governments is clear: Business needs the right policy frameworks in order to enable and incentivize the mammoth amounts of investment and innovation that will enable our global society to avoid the worst consequences of climate change. And we require a clear and recognized path to participate in ongoing discussion with the UN and with national governments as we move forward together.”

As the COP21 talks moved into its final crucial stage, the joint business statement laid out a blueprint for an effective global agreement to mobilize broad private-sector action to apply its technological know-how to effectively addressing climate change. An ambitious agreement, it said, must include transparent, fair and comparable national commitments among all parties, effective and transparent monitoring and reporting mechanisms, and the maintenance of open trade and investment regimes worldwide.

Business leaders from major developed and developing countries called on governments to remain engaged with the private sector after COP21, including through an institutionalized channel for private-sector consultation and engagement in the UN Framework Convention on Climate Change process.

On Saturday, American business representatives including Robinson appealed governments to establish a mechanism for ongoing, substantive dialogue with the private sector, saying such a mechanism is essential to achieving COP21’s goal of effectively addressing global climate change.

With over twenty years’ experience of direct engagement in the UN climate process, USCIB is representing American business at COP21 in its capacity as the U.S. affiliate of the International Chamber of Commerce (ICC), which is serving as the umbrella business coordinator in Paris, and as a member of the Business Major Economies Forum (BizMEF), which encompasses national business groups from the leading economies around the world.

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include 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
+1 212.703.5043, jhuneke@uscib.org

How Obama Gets a Vote on TPP Before Summer

Politico, Morning Trade

BUSINESS GROUP GIVES TPP QUALIFIED ENDORSEMENT: Meanwhile, a major business group, the New York-based United States Council for International Business, urged Congress to approve the Trans-Pacific Partnership, but also called on the administration to fix problems with the pact before sending it to Capitol Hill.”

Read the full Politico article.

USCIB Voices Support for the Trans-Pacific Partnership

Will push for congressional ratification, but urges some shortcomings in agreement be addressed

washington-Lincoln-MemorialsNew York, N.Y., December 8, 2015 – The United States Council for International Business (USCIB) supports the Trans-Pacific Partnership Agreement (TPP) and urges members of Congress to approve TPP. After reviewing the text of the agreement and consulting with our broad cross-sectoral membership as well as our Board of Directors, USCIB believes that the TPP agreement will contribute substantially to economic growth in the United States and the region, cement U.S. global leadership and provide significant new opportunities for U.S. businesses, workers and farmers.

The TPP expands market access in the region through elimination of tariff and non-tariff barriers as well as breaking new ground in addressing growing regulatory impediments to trade. Some of the key measures include:

  • Eliminates 98 percent of tariffs in the TPP region including on a wide range of U.S. agricultural exports.
  • Establishes new rules protecting cross border flow of data and prohibiting forced localization of servers, while also requiring governments to ensure protection of personal information wherever it is stored.
  • Sets new disciplines on state-owned enterprises, including limitations on sovereign immunity, non-commercial assistance and increased transparency requirements.
  • Provides more comprehensive opening of markets for service providers through negative lists that expand the scope of opportunities for many U.S. service providers.
  • Establishes disciplines on regulatory developments and creates a Regulatory Coherence Committee to help prevent emerging regulations from creating trade barriers.
  • Streamlines and simplifies customs procedures throughout the region by requiring advanced rulings and other measures to improve transparency and facilitate movement at the border.
  • Strengthens labor and environment provisions.

While we support TPP, we also believe that it could be improved by addressing provisions in the agreement that limit or exclude protections for certain sectors. We urge the Administration to work to address these limitations before submitting the final agreement to Congress. Dealing with these concerns would avoid any possible negative precedents for future agreements and facilitate consideration of TPP under Trade Promotion Authority.

With slowing global trade and modest economic growth forecasts, passage of the TPP is a critical act and affirmation by governments representing almost 40 percent of world GDP that protectionism is not the answer and that liberalized markets in which businesses are allowed to compete on a level playing field are the best formula for creating jobs, opportunity, innovation and spreading the rule of law more extensively in the region. This reality is already being grasped by many other countries that now aspire to join the TPP.   The United States and the global economy will be better off with a TPP and USCIB will work with the Administration and Congress, as well as our global business partners, to secure passage.

About USCIB:
USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. Its members include 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, 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
+1 212.703.5043, jhuneke@uscib.org

20+ Business Organizations Urge Congress to Pass Customs Bill

Shipping-Containers

USCIB was joined by 21 other businesses organizations representing every sector of the American economy in signing a letter to Congressional leadership on December 3 urging legislators to resolve outstanding issues and pass the Trade Facilitation and Trade Enforcement Act of 2015 before Congress adjourns for the year at the end of this week. 

“[W]e strongly encourage the passage of the Trade Facilitation and Trade Enforcement bill within the 2015 legislative calendar,” the letter stated. “Continued customs modernization is essential to providing U.S. Customs and Border Protection (U.S. CBP) the support it needs to safeguard America’s borders while enhancing economic prosperity, and ensuring stability for American importers and exporters.” 

The letter notes that it has been more than two decades since the United States passed true customs modernization legislation. Passage of the Customs bill will, among other items,  update outdated e-commerce and business practices, benefit small business and consumers by raising the de minimis amount to $800, and codify U.S. CBP operations and management. 

The U.S. House and Senate have each passed independent and differing versions of the Trade Facilitation and Trade Enforcement bill. Last week, the House joined the Senate in appointing Conferees. However, staffers have been working to resolve issues informally for months. The bill is now in Conference.  The business community hopes that Congress can reconcile and pass a bicameral, bipartisan bill before Congress adjourns at the end of the year. 

Read the full letter here.