ICC Publishes Latest Book in Best-Selling Series on Incoterms® Rules

4505_image002New York, N.Y., May 8, 2013 – The International Chamber of Commerce (ICC) has published its much-awaited Incoterms® 2010 Q&A : Questions and expert ICC guidance on the Incoterms® 2010 rules, the latest in a series of best-selling books helping readers understand and use the Incoterms® rules to their strategic advantage, according to the United States Council for International Business (USCIB), ICC’s American national committee.

This publication is now at the USCIB International Bookstore.

Comprising more than 80 new questions, Incoterms® 2010 Q&A offers expert guidance on choosing the correct Incoterms® 2010 rules, and thus avoiding costly mistakes arising from dangerous mismatches between the contract of sale and related documents, such as letters of credit and contracts of carriage.

This book includes real users’ questions on the Incoterms® 2010 rules with responses from world-renowned ICC experts. Included in this edition are questions and answers related to previous Incoterms rules contrasted against Incoterms® 2010. This publication contains comprehensive flowcharts and checklists to allow readers choose the correct Incoterms® 2010 rule and manage documents in a sale or purchase transaction, a glossary of commonly used trade terms, and the complete text of the Incoterms® 2010 rules.

“Since being published by ICC in 1936, the Incoterms® rules have become the gold standard worldwide for the interpretation of most commonly used terms in international trade,” said Emily O’Connor, executive secretary of the ICC Commission on Commercial Law and Practice. “This latest installment of the Incoterms® series, by the international body that drafts and maintains the Incoterms® rules, is an invaluable resource for everyone involved in cross-border transactions.”

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.

To facilitate International Trade USCIB offers three Trade Services: ATA Carnet, commonly known as the Merchandise Passport, which allows goods to enter over 85 customs territories tax- and duty-free for up to one year; eCertificates of Origin, fully electronic processing of Certificates of Origin, returned to you by e-mail, fast and complaint with ICC Guidelines for Certificates of Origin; and the USCIB International Bookstore, which enables customers to learn international business through unique titles covering a range of topics.

Contact:
Hsin-Ya Hou, USCIB International Bookstore
+1 212.703.5066, hyhou@uscib.org

USCIB International Bookstore

More on USCIB’s Trade Services

 

USCIB Applauds Nomination of Froman as U.S. Trade Representative

Michael Froman (left) and USCIB Chairman Terry McGraw (right), with Matt Goodman of the Center for Strategic and International Studies, at a 2012 briefing in Washington
Michael Froman (left) and USCIB Chairman Terry McGraw (right), with Matt Goodman of the Center for Strategic and International Studies, at a 2012 briefing in Washington

New York, N.Y., May 2, 2013 – The United States Council for International Business (USCIB) welcomed President Obama‘s nomination of Michael Froman as U.S. Trade Representative, calling it a positive sign for renewed U.S. leadership on trade at a critical time for our economy.

“This is an excellent choice,” said USCIB President and CEO Peter M. Robinson. “Michael Froman has been a positive force for trade within the Obama administration, and is well respected in the business community. His nomination could not come at a better time, as the U.S. begins trade and investment talks with the European Union and pursues the Trans-Pacific Partnership.”

Robinson continued: “We urge the Senate to confirm Mr. Froman’s nomination as soon as possible. On our side, we will be working hard to provide input to USTR on top trade priorities, and to encourage overseas industry and government positions consistent with U.S. trade objectives.”

USCIB Chairman Terry McGraw (chairman, CEO and president of McGraw Hill Financial Inc.), also praised the nomination. “As Chairman of President Obama’s Advisory Committee on Trade Policy and Negotiations, I warmly welcome the appointment of Mike Froman as the next U.S. Trade Representative,” said McGraw, who was recently elected chairman of the International Chamber of Commerce.

“He is ideally qualified to lead us to completion of the Trans Pacific Partnership Agreement and steer us to successful negotiation of the US-EU trade initiatives, the Trade in Services Agreement and continue USTR’s strong support for an active US trade and investment agenda,” McGraw added.

USCIB has laid out an ambitious 2013 trade and investment agenda, which focuses on completing trade agreements in Asia and Europe, moving forward on bilateral investment treaties with key emerging markets, revitalizing work in the World Trade Organization, and addressing new emerging regulatory challenges that can serve as impediments to open trade and investment.

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 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
+1 212.703.5043, jhuneke@uscib.org

More on USCIB’s Trade and Investment Committee

Oracle’s Alhadeff Is New Chair of ICC Digital Economy Commission

Joseph Alhadeff
Joseph Alhadeff

Paris and New York, April 30, 2013 – The International Chamber of Commerce (ICC) has announced the appointment of Joseph Alhadeff as the new chair of the ICC Commission on the Digital Economy, according to the United States Council for International Business (USCIB), which serves as the world business organization’s American national committee.

Alhadeff, chief privacy strategist and vice president for global public policy at Oracle Corp., has served as vice chair of the ICC commission since 2002. He will take over from Herbert Heitmann, executive vice president of external communications at Royal Dutch Shell, who will step down from the post at the commission’s summer meeting in Paris.

“Economic growth and continued societal opportunities created by the Internet and other ICTs bring new responsibilities that require the global cooperation of all stakeholders,” said Alhadeff, who also serves as vice chair of USCIB’s Information, Communications and Technology (ICT) Committee. “We have a responsibility to bring the voice of business to the table, based not only on the experiences of the business community but also on what this community has heard and learned from other stakeholders in government, civil society and the Internet technical community.”

The ICC Commission on the Digital Economy develops policy positions for the Internet and ICTs on behalf of users, providers and operators of information technology. As chair, Alhadeff will help ensure that the commission provides a forum for members to share insights on timely developments in the ICT field and establish global consensus policy positions on behalf of the business community to help foster the sustainable growth of the ICT sector.

Alhadeff is responsible for coordinating and managing Oracle’s international electronic commerce, privacy and Internet-related policy issues. He plays an important leadership role in guiding USCIB’s work on privacy and cyber-security policy, drawing on his prominent roles in several influential international organizations dedicated to Internet policy, security and privacy. Among these, Alhadeff chairs the Information Communications and Computing Policy Committee at BIAC, the Business and Industry Advisory Committee to the OECD, which represents industry views to the 35-nation Organization for Economic Cooperation and Development.

More information on the International Chamber of Commerce is available at www.iccwbo.org.

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 and BIAC, 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

More on USCIB’s Information, Communications and Technology Committee

Business Welcomes APEC Trade Ministers Statement on Bali Package

Washington, D.C., April 22, 2013 – The United States Council for International Business (USCIB) applauded the push given to progress on international trade talks by trade ministers from the 21 Asia-Pacific Economic Cooperation (APEC) economies, saying their call for intensified talks could bear important results at the World Trade Organization’s year-end ministerial meeting in Bali, Indonesia.

“APEC ministers have laid down an important challenge to WTO members to make meaningful progress on a Bali package,” said Rob Mulligan, USCIB’s senior vice president for policy and government affairs. “It is now incumbent upon all WTO members to fully re-engage in Geneva, and push toward a balanced and commercially meaningful package of agreements.”

With the Doha Round effectively stalemated, WTO members are currently weighing moving forward on certain negotiating elements, including an agreement on trade facilitation, at the Bali ministerial. Mulligan said it was especially important to harvest results on trade facilitation, which was one of the least contentious elements in the Doha Round. “It is clearly in everyone’s interest to reduce customs costs and delays,” he said.

In their statement, APEC ministers called international trade “the engine of growth, job creation and source of development,” and noted the rise of global value chains in international trade. They said they were “deeply concerned about the state of play” in the WTO and called on WTO members to “change the level and quality of engagement” in order to make progress. The ministers recommended that APEC leaders, at their summit later this year, extend their earlier pledges to resist and roll back protectionist measures through the end of 2016.

Mulligan also cheered the APEC ministers’ call for the swift conclusion of negotiations to expand the WTO’s Information Technology Agreement (ITA), under which WTO members have agreed to eliminate import duties on a range of information technology products. He said progress on the ITA was a key element in USCIB’s 2013 trade and investment agenda.

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, 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

More on USCIB’s Trade and Investment Committee

USCIB APEC backgrounder

Global Business Puts Forward Trade Agenda That Could Create 21 Million Jobs

Remy Rowhani, director general of the Qatar Chamber of Commerce and Industry, speaks at the ICC World Trade Agenda Summit.
Remy Rowhani, director general of the Qatar Chamber of Commerce and Industry, speaks at the ICC World Trade Agenda Summit.

Doha, Qatar and New York, N.Y., April 22, 2013 – The International Chamber of Commerce (ICC) has finalized recommendations for WTO member countries to salvage parts of the Doha Round which, if adopted, could boost global GDP by $960 billion (U.S.) annually and create 21 million new jobs, according to ICC’s American national committee, the United States Council for International Business (USCIB).

Several hundred business leaders and trade experts met in Doha for the ICC World Trade Agenda Summit, held on the first day of ICC’s biennial World Chambers Congress. The four-day Congress is set to gather 1,000 delegates from chambers of commerce, global companies and SMEs around the world. USCIB Chairman Harold McGraw III and USCIB President and CEO Peter M. Robinson were among summit participants.

Delegates at the summit gave their stamp of approval to a final set of business priorities that would provide a debt-free stimulus to the global economy at a time when governments are struggling to inject growth into their economies.

By simplifying customs procedures – through trade facilitation measures – alone, member countries would deliver global job gains of 21 million, with developing countries gaining more than 18 million jobs and developed countries increasing their workforce by three million.

ICC and the Qatar Chamber of Commerce and Industry in March 2012 launched the ICC Business World Trade Agenda in response to calls from WTO members and from G20 leaders for fresh approaches following a 12-year impasse in multilateral trade negotiations.

“ICC has consulted with business around the world to develop a set of practical steps for reaching a new trade consensus,” said ICC Chairman Gerard Worms. “As the actors of trade in the daily marketplace, we are well placed to shed new light on stalled talks. We will mobilize CEOs around the world to make the case to national governments for this new trade agenda.”

The initiative has developed five recommendations that could achieve tangible outcomes by the end of 2013, to harvest gains from the WTO’s Doha Development Round. These are:

  • Conclude a trade facilitation agreement
  • Implement duty-free and quota-free market access for exports from least-developed countries
  • Phase out agricultural export subsidies
  • Renounce food export restrictions
  • Expand trade in IT products and encourage growth of e-commerce worldwide

Business recommendations from this event will be delivered to G20 leaders and WTO ministers ahead of the next G20 Summit in Saint Petersburg and the WTO Ministerial Conference in Bali later this year. The Peterson Institute in Washington, D.C. recently studied ICC’s Business World Trade Agenda, to quantify the potential benefits from the recommendations.

“The potential gains in terms of exports, jobs and GDP growth from multilateral trade liberalization are substantial,” said Victor K. Fung, ICC’s honorary chairman. ”For these reasons, international business strongly encourages political leaders to steer clear of protectionism and nationalism – and return to building inclusive open trade to stimulate global recovery and growth for many years to come.”

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

Download a copy of the Peterson Report (ICC website)

Download a copy of the ICC Business World Trade Agenda’s business priorities (ICC website)

More on USCIB’s Trade and Investment Committee

Madagascar Joins ATA Carnet System for Temporary Imports

Home to amazing wildlife and many miles of scenic coastline, Madagascar is an increasingly popular destination for fashion and other photo shoots.
Home to amazing wildlife and many miles of scenic coastline, Madagascar is an increasingly popular destination for fashion and other photo shoots.

New York, N.Y., April 18, 2013 – The Indian Ocean nation of Madagascar, well known as home to lemurs but also a potentially important destination for U.S. exports and travel, will adopt the ATA Carnet for temporary exports, effective April 22.

The move enables travelers to ship a variety of goods in and out of the country temporarily without paying import duties or taxes, according to the United States Council for International Business (USCIB), which administers and guarantees the Carnet system in the U.S.

“While a minor U.S. trading partner right now, we think Madagascar’s growing reputation as a destination for exotic animal and fashion photography will make using Carnets very appealing,” said Cynthia Duncan, USCIB’s senior vice president for trade services. “Professional equipment like that used by photographers is one of the categories of goods covered by a Carnet.”

USCIB, a private, pro-trade group based in New York, administers the ATA Carnet system in the United States. Worldwide, the system is managed jointly by the International Chamber of Commerce and the World Customs Organization. In 2012, the most recent year for which worldwide figures are available, over 150,000 Carnets were issued, covering goods worth more than $17 billion (U.S.)

Beginning next week, those visiting Madagascar may bring product samples, professional equipment and goods for display at trade shows into the country duty-free and tax-free. Carnets are good for one year and can be used in any of the 80-plus countries and customs territories that honor them. Visit www.merchandisepassport.org for details.

Joining the Carnet system is part of Madagascar’s drive for better access to world trade, notably through regional integration and the development of tourism. ATA Carnets will provide a practical tool to foster such integration.

Madagascar is a member of the Common Market for Eastern and Southern Africa (COMESA), the largest regional economic organization in Africa, with 19 member states and a population of about 390 million. COMESA has a free trade area, with 14 member states, and launched a customs union in 2009.

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.

USCIB’s Trade Services include: ATA Carnet, commonly known as the Merchandise Passport, which allows goods to enter over 85 customs territories tax- and duty-free for up to one year; eCertificates of Origin, fully electronic processing of Certificates of Origin, returned to you by e-mail, fast and complaint with ICC Guidelines for Certificates of Origin; and the USCIB International Bookstore, which enables customers to learn international business through unique titles covering a range of topics.

Contact:

Elizabeth Cafaro, USCIB

+1 212.703.5087

More on USCIB’s Trade Services

New Business Push for Transatlantic Trade Pact

 4480_image002Washington, D.C., April 10, 2013 – An array of U.S. companies and business groups launched the Business Coalition for Transatlantic Trade today at an event on Capitol Hill, according to the United States Council for International Business (USCIB), which serves on the coalition’s steering group.

Coalition members joined with key members of Congress, senior administration officials and representatives of the European Parliament to underscore their strong support for the Transatlantic Trade and Investment Partnership (TTIP), which President Obama and European leaders proposed in February.

“This new coalition will strengthen the voice of business in the TTIP negotiations, promoting a comprehensive and high-standards agreement,” said USCIB President Peter M. Robinson. “A deeper U.S.-EU commercial relationship will provide benefits on both sides of the Atlantic, including economic growth and job creation.”

Robinson said USCIB members were optimistic that regulatory hurdles could be effectively addressed in the context of a comprehensive trade and investment pact. “We want an ambitious agreement that can meet the needs of 21st-century business,” he said.

Coalition members will coordinate advocacy efforts and provide detailed input to negotiators from both sides of the Atlantic, and will serve as an information resource on important regulatory and investment issues as talks proceed.

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, 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

More on USCIB’s Trade and Investment Committee

More on USCIB’s European Union Committee

Industry Wants Action on Customs Re-authorization

4470_image002New York, N.Y., March 22, 2013 – Industry groups are pressing for action on pending Customs re-authorization legislation, urging lawmakers not to let differences over trade remedies upend progress on the long-awaited bill.

The United States Council for International Business (USCIB) and several other industry associations sent a joint letter today to leaders of key committees in the House and Senate, noting their “deep concern” over the state of the “much-needed” bill.

The organizations said they are concerned that differences over a provision on enforcement of anti-dumping and countervailing duties could impede progress on the broader bill. They called on Congress to deal with this issue separately, or reach a compromise that would allow the Customs bill to move forward this year.

“We would hate to see any disagreement over trade remedies detract from the common ground struck in the other 98 percent of the bill,” said Nasim Deylami, USCIB’s manager of customs and trade facilitation. “We are hopeful that the parties will reach a compromise in the interest of achieving a Customs re-authorization bill this year. Another option would be to remove the trade remedy provisions from the legislation and address them separately, allowing the remainder of the bill with bipartisan support to move forward as quickly as possible.”

Earlier this month USCIB endorsed legislation in the House and Senate that would raise the minimum value (the “de minimis” value) at which customs duties are imposed on imported goods, calling the move a boon to companies both large and small. The house drafts of the Customs reauthorization bill already include identical provisions increasing the de minimis value to $800,

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, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment.  More information is available at www.uscib.org.

Contact:

Jonathan Huneke
VP communications
(212) 703-5043
jhuneke@uscib.org

More on USCIB’s Customs and Trade Facilitation Committee

More on USCIB’s Trade and Investment Committee

Mulligan Tapped to Head USCIB’s Policy Advocacy Work

Robert J. Mulligan
Robert J. Mulligan

New York, N.Y., March 1, 2013Robert J. Mulligan has been named to head up policy advocacy for the United States Council for International Business (USCIB). Previously the head of USCIB’s Washington, D.C. office, he succeeds Ronnie Goldberg, who is retiring following more than two decades leading USCIB’s policy and program department.

As senior vice president for policy and government affairs, Mulligan will oversee USCIB’s wide-ranging activities on international trade, investment, economic and regulatory matters. He will supervise USCIB’s team of policy professionals, whose expertise covers a host of issues affecting American companies engaged in business around the world, and will coordinate input to the three international business organizations of which USCIB serves as the American affiliate.

“We are fortunate to be able to tap Rob Mulligan’s proven policy expertise, as well as his diplomatic and management skills,” said USCIB President and CEO Peter M. Robinson. “Over the past two years, Rob has not only visibly strengthened the Washington office but has demonstrated his ability to develop policy excellence across the organization.”

Robinson continued: “It is essential that the global companies USCIB represents be able to reach out to governments and international organizations with a positive message of what business can do to promote growth and jobs, and meet larger societal goals. Rob is well positioned to make that happen.”

Mulligan came to USCIB from TechAmerica, the largest U.S. high-tech trade association, where he was senior vice president, international. He previously served as assistant vice president for international external affairs for The Chubb Corporation, and as executive director of the Central Europe Institute, a Prague-based business training organization. Mulligan has also lobbied on health issues for the Blue Cross and Blue Shield Association, worked for the U.S. Department of Commerce, and began his career as an attorney with the firm of Vorys, Sater, Seymour and Pease in Columbus, Ohio. 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. in history from Miami University.

Goldberg will serve as senior counsel to USCIB, Robinson said, while she completes her current terms as a member the International Labor Organization’s governing body and as chair of the employment committee at BIAC, the Business and Industry Advisory Committee to the OECD.

“It’s hard to put into words what a pleasure and honor it has been to work alongside Ronnie all these years,” he said. “She has been a consummate policy professional, demonstrating an incisive intellect and outstanding diplomatic skills. She has also been an incubator of talent, bringing and mentoring many top-notch professionals to USCIB’s policy team over the years.”

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 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
+1 212.703.5043, jhuneke@uscib.org

USCIB Applauds Plans for Transatlantic Trade and Investment Pact

4445_image002New York, N.Y., February 13, 2013 – The United States Council for International Business (USCIB) welcomed the announcement by President Obama and European Union leaders that the United States and the EU will soon launch negotiations toward a Transatlantic Trade and Investment Partnership.

“We applaud this move, which has the potential to further expand and reinforce the world’s largest two-way commercial relationship, and solidify our historic strong ties with Europe,” said USCIB President Peter M. Robinson. “We urge negotiators to strive for a high-standards, 21st-century trade and investment agreement.”

In his State of the Union Address last night, Obama said the U.S. “will launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union – because trade that is free and fair across the Atlantic supports millions of good-paying American jobs.” The call followed the release of a report by a joint U.S.-EU High Level Working Group outlining the significant benefits of a transatlantic pact for growth and jobs in both the United States and Europe. The U.S. and the EU together account for almost half the world’s GDP and 30 percent of world trade.

USCIB is especially pleased that the High-Level Working Group’s report identified several new trade and investment issues as priorities for action in a transatlantic agreement. These include leveling the playing field with respect to state-owned enterprises (SOEs) and forced-localization measures that can distort trade and investment. Robinson said USCIB “will work with both the U.S. and EU on a broad range of areas where we can bring substantive expertise, especially investment, environment, labor and customs, and also addressing anti-competitive policies such as SOEs and localization barriers.” This will include working as part of the steering group of the Business Coalition for Transatlantic Trade.

Robinson acknowledged that negotiations would not be easy. “There are a broad range of regulatory issues to address in a comprehensive U.S.-EU trade and investment agreement,” he said. “We must aim high, striving to use this historic opportunity to modernize existing regulation affecting trade and investment, while creating new and better rules that will set a global example for other countries.

“In the end, a transatlantic agreement must reflect the fact that cross-border trade and investment are closely intertwined and mutually supportive. This is why we need a comprehensive, high-standards agreement.”

Last November, USCIB submitted a statement on promoting regulatory compatibility between the U.S. and EU, outlining areas where further regulatory coherence and cooperation is needed to deepen and enhance the transatlantic economic relationship.

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, 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

More on USCIB’s Trade and Investment Committee

More on USCIB’s European Union Committee