USCIB Mourns Loss of Longtime President Abraham Katz

Abraham Katz
Abraham Katz

We are saddened to announce that Abraham Katz, USCIB’s president emeritus, passed away February 5 in New York, at age 86, following a short illness. Katz was an accomplished diplomat with a long career in the U.S. Foreign Service when he joined USCIB in 1984 as president, a post he held until his retirement in 1999.

“Abe Katz left an indelible mark on USCIB,” said USCIB President and CEO Peter M. Robinson. “With a keen grasp of trade and investment policy, and economic statecraft more broadly, he reinforced and expanded USCIB’s advocacy for open markets. In addition, he presided over an expansion of USCIB’s policy work into new areas, including environment and e-commerce, and the greater professionalization of our policy staff.”

In 1998, USCIB recognized Katz’s 14-year tenure by presenting him with the organization’s International Leadership Award.

Katz played a leading role in USCIB’s affiliated global business organizations. He was an active supporter of the International Chamber of Commerce and the Business and Industry Advisory Committee to the OECD, as well as a long-serving member of the Employers Group of the ILO Governing Body. Even after he retired from USCIB, he remained closely engaged in our work and that of our global business network, culminating in his service as president of the International Organization of Employers from 2006 to 2008.

Katz (third from right) watches as President Reagan signs an ILO convention in 1988. Also pictured in the same row are (L-R) Secretary of Labor Ann McLaughlin, Senators Orrin Hatch and Daniel Patrick Moynihan, and AFL-CIO President Lane Kirkland.
Katz (third from right) watches as President Reagan signs an ILO convention in 1988. Also pictured in the same row are (L-R) Secretary of Labor Ann McLaughlin, Senators Orrin Hatch and Daniel Patrick Moynihan, and AFL-CIO President Lane Kirkland.

Under Katz’s leadership, USCIB contributed strong business input to a number of important achievements in international trade and economic policy, including the conclusion of the WTO’s Uruguay Round, the North American Free Trade Agreement, the OECD anti-bribery convention and the ILO’s Declaration on Fundamental Principles and Rights at Work.

In a 34-year diplomatic career largely devoted to economic affairs and promotion of American business interests, Katz served as economic counselor in the Moscow embassy in the 1960s, and in Paris first as U.S. deputy chief of mission to the OECD, and then as U.S. representative to the OECD, a post that carried ambassadorial rank. He also served as assistant secretary of commerce for international economic policy.

“Those of us who had the opportunity to work with Abe appreciated his intellectual leadership, mastery of the trade and investment policy field, constant challenging of assumptions, personal support, and commitment to the organization,” stated USCIB’s Robinson.

Many words of admiration have come in to USCIB following Katz’s death. “He was as fair and open in his professional relations, including to those sitting on the other side of the table, as he was formidable in his knowledge and mastery of complex issues,” according to ILO Director General Guy Ryder.

“Abe Katz was a wise and effective voice for international trade during a time of unprecedented growth in our history,” said Richard D. McCormick, former CEO of U S West, Inc. and former chairman of USCIB.

“Abe distinguished himself in two careers,” stated Thomas Niles, former U.S. assistant secretary of state, who succeeded Katz as president of USCIB and currently serves as a USCIB vice chair. “A generation of Foreign Service officers-ud-736-UD-736, of whom I was one, benefited enormously from his mentoring and guidance.”

USCIB extends its deep condolences to Katz’s family, including his wife Marion. Funeral services are planned for February 8 at Park Avenue Synagogue in New York City. Donations in memory of Abraham Katz may be made to the UJA-Federation of New York by clicking here.

Business Disappointed by WCIT Outcome, but Supports U.S. Stance

4415_image001New York, N.Y., December 17, 2012 – The United States Council for International Business (USCIB) expressed disappointment at the outcome of the World Conference on International Telecommunications (WCIT). The UN gathering in Dubai split, with the United States and many other countries rejecting a proposed treaty on global telecom policy, which was viewed by many as seeking to extend government authority and management over the Internet.

“Like everyone else, I am disappointed with the outcome of the WCIT negotiations,” stated David Gross, partner with Wiley Rein and chair of USCIB’s Committee on Information, Communications and Technology, who attended WCIT as part of the U.S. delegation. “However, I am encouraged that the world recognizes the vital importance of international telecommunications and the Internet in providing social, cultural and economic benefits to everyone.”

The WCIT conference was organized by the UN’s International Telecommunications Union (ITU), which allocates global radio spectrum and develops technical standards in interconnection of telecom networks and technologies. The ITU last updated its major governing treaties in 1988, before widespread use of the Internet.

“No single organization or government should attempt to control the Internet or dictate its future development,” stated Ambassador Terry Kramer, the lead U.S. negotiator. “We are resolute on this.” He said there were disagreements among participants over government regulation of Internet companies, the regulation of content such as spam, and whether the ITU should set rules on cybersecurity, among other things.

“The entire U.S. delegation, including Ambassador Kramer and the team of government officials and representatives of civil society, academia, and industry, did a spectacularly good job,” said Gross.

USCIB has long championed policies to expand information flows and the global Internet, promote information security, and expand market access for telecommunications and other information services. It works with a range of international business groups with official standing in the UN and other international forums, and it advises the U.S. government on international information and telecommunications policies and treaty negotiations.

According to Barbara Wanner, USCIB’s vice president of information, communications and technology policy, the group and its business members will take stock of the outcome at WCIT and will evaluate appropriate recommendations on how best to move forward.

“This is indeed a disappointing outcome, but we are gratified that the United States and other countries recognized the paramount importance of maintaining a vibrant and open global Internet,” she said.

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.

More on USCIB’s Information, Communications and Technology Committee

Business Makes the Case for Stronger Role in UN Climate Process

4410_image001Doha, Qatar, December 7, 2012 – As the 18th Conference of the Parties to the UN Framework Convention on Climate Change (UNFCCC) nears its conclusion, the Major Economies Business Forum (BizMEF) – a coalition of 20 cross-sectoral business groups from six continents, including USCIB – is in dialogue with governments to develop better ways to inform the international climate deliberations.

Business and many governments view the effort as timely in light of efforts now underway to create new institutions on finance, technology and adaptation, and to begin negotiation of a new, long-term agreement.

“It is clear that business offers a deep and broad resource of expertise and information,” according to Norine Kennedy, USCIB’s vice president of environment and energy. “This can strengthen the practicality and economic viability of a comprehensive post-2020 agreement, supported by trade, investment and innovation.”

Earlier this week, the “Doha Dialogue” brought together government and business delegates to highlight the important role of business and consider ways to enhance it. The effort builds on public-private dialogues organized by Mexico and South Africa, previous COP hosts. The Doha Dialogue was convened by BizMEF with the Qatar Chamber of Commerce and Industry. The Dialogue is part of a larger effort by BizMEF and other business groups to work together toward a recognized channel for business to contribute its expertise and practical experience to the climate change talks.

Abdullah bin Mubarak Bin Ebood al Maadadi, Qatar’s environment minister, opened the dialogue at the Doha Hilton before a standing room-only audience that included ministers and senior officials from Denmark, Japan, Mexico, New Zealand, Korea, Switzerland, the United States, the European Union and the United Nations, as well as business leaders from across the globe.

Government representatives were supportive of an enhanced business role in the UN talks. “The Doha Dialogue has provided a unique opportunity to enhance business engagement in the UNFCCC process, which is necessary for climate negotiations to be practical and pragmatic,” stated Ambassador Masafumi Ishii, director general for global issues with the Japanese ministry of foreign affairs.

BizMEF spokesperson Brian Flannery said participants agreed to build on the success in the Doha session at next year’s conference of the parties. “We were delighted that ministers, negotiators and others endorsed the value that business experience and advice can bring to the international process,” he said. “We welcome the encouragement from governments and others. We will continue the dialogues to develop more effective avenues for a full range of business participation.”

USCIB’s Kennedy added: “No single entity can speak for all of the business community. What’s needed is a dedicated channel where governments can get a broad range of business views. The Doha Dialogue showed we have valuable experience to share. Now we just need to set up an architecture to make it happen.”

“Business engagement to the UNFCCC process is key for a successful solution,” said Hiroyuki Tezuka, chair of the global environmental strategy working group at the Japanese business federation KEIDANREN. “The business sector has the experience, technologies and best practices to cope with the complex issues related to climate change.”

More information on BizMEF’s membership, role is available at www.bizmef.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, 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.

More on USCIB’s Environment Committee

Business Welcomes Adoption of Russia Trade Bill

4411_image001New York, N.Y., December 6, 2012 – The United States Council for International Business (USCIB) applauded today’s passage by the Senate of legislation to establish permanent normal trade relations (PNTR) with Russia.

“We welcome the Senate’s approval and urge President Obama to sign the measure as soon as possible,” said USCIB President and CEO Peter M. Robinson. “Since Russia joined the World Trade Organization in August, American companies have been at a competitive disadvantage in this important and fast-growing market.”

Once signed, the PNTR bill will sweep away outdated trade restrictions imposed on the then-Soviet Union in the 1970s under the Jackson-Vanik amendment. Russia is the world’s ninth-largest economy, but ranks only 31st as a market for U.S. goods exports.

With Russia also looking to join the Organization for Economic Cooperation and Development (OECD), the business community is looking to work with the U.S. government and others to further open Russia’s economy to foreign trade and investment, Robinson said.

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.

More on USCIB’s Trade and Investment Committee

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New Papers Examine Opportunities and Challenges of Green Growth in Global Markets

4409_image001New York, N.Y., November 30, 2012 – As the latest round of United Nations climate negotiations proceed in Doha, Qatar, newly released papers in the peer-reviewed journal Energy Economics aim to shed light on the viability of various strategies to promote green growth and green jobs.

National governments, global institutions and the business community face the challenge of finding greener paths for economic growth and commercial activity. Yet solid economic research, weighing the costs and benefits of various policy approaches around green growth and green jobs, especially in international markets, has been largely lacking.

The new series of papers, published as a special supplement to the latest issue of Energy Economics and available at www.green-dialogue.org, aims to correct this, shedding light on many aspects of the green-growth debate.  Commissioned by the educational arm of the United States Council for International Business (USCIB), the new research, from more than a dozen respected scholars, promises to inform business planning and the development of public policy around the green economy worldwide.

“As business leaders, we saw a real need for solid, empirically based analysis on the most effective green-growth policies,” said USCIB President and CEO Peter M. Robinson. “Mobilizing the private sector with the right mix of policies and incentives will be critical. For this to happen, we need sound economic research that reflects business realities as a basis for moving forward. We are delighted that so many respected authorities stepped forward to lend their expertise to this effort.

Appearing as a special supplement to Energy Economics under the heading “Green Perspectives,” the papers were commissioned as part of USCIB’s International Business Green Economies Dialogue project (www.green-dialogue.org). They provide views and perspectives on a wide range of green economy topics of importance to companies operating in global markets and to society as a whole.

Richard Schmalensee of the Massachusetts Institute of Technology, Richard N. Cooper of Harvard University and Charles Schultze of the Brookings Institution are among the noted experts who contributed to the special series. The ten papers in the “Green Perspectives” supplement address the following topics:

  • green growth
  • green jobs
  • green finance
  • green economic development
  • green energy options
  • green consumer information
  • green supply chain management.

“Individually and as a collection, these papers bring forward  a major foundational academic contribution to the field,” according to Brian P. Flannery, Ph.D., chair of the Green Economies Dialogue project.  “They can help to inform business decision-making and policy development as efforts continue to develop a greener, more prosperous world.”

The Green Economies Dialogue project is an initiative of the United States Council Foundation, USCIB’s educational and research arm, with support from an array of companies and private-sector organizations.  More information and links to the “Green Perspectives” papers are  available at www.green-dialogue.org. Learn more about the United States Council Foundation at www.uscouncilfoundation.org.

Publication of the “Green Perspectives” papers completes the second major phase of the Green Economies Dialogue project, which was launched in 2011 to foster discussion  and develop broad consensus around appropriate green-growth policies, including at the UN’s Rio+20 summit held earlier this year.  In the project’s first phase, dialogue sessions involving business leaders, government officials, leading academics and other stakeholders were held in Washington, Paris, Tokyo, Beijing and Brasilia.

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.

More on USCIB’s Environment Committee

USCIB Award Gala Celebrates 50 Years of a Business Voice at the OECD

L-R: USCIB Chairman Terry McGraw, BIAC Chairman Charles Heeter, Deloitte Touche Tohmatsu CEO Barry Salzberg, BIAC Secretary General Tadahiro Asami, BBC America’s Katty Kay, USCIB President and CEO Peter Robinson
L-R: USCIB Chairman Terry McGraw, BIAC Chairman Charles Heeter, Deloitte Touche Tohmatsu CEO Barry Salzberg, BIAC Secretary General Tadahiro Asami, BBC America’s Katty Kay, USCIB President and CEO Peter Robinson

New York, N.Y., November 29, 2012 – The business community celebrated five decades of a strong business voice at the OECD last night, as the United States Council for International Business (USCIB) held its annual award gala at the Waldorf-Astoria in New York City.

Breaking somewhat with tradition, the pro-trade group presented its 2012 International Leadership Award, which recognizes extraordinary efforts to expand global commerce and is normally presented to a top corporate leader, to BIAC, the Business and Industry Advisory Committee to the OECD, on the occasion of BIAC’s 50th anniversary.

“BIAC has represented the interests of business and industry to promote open and competitive markets, level playing fields and sound regulation and governance,” stated USCIB Chairman Terry McGraw, CEO of The McGraw-Hill Companies. “Its work in fighting against protectionism, and enabling businesses to compete and succeed, is of critical importance to our enterprises as we continue to expand in a complex global marketplace.”

Accepting the award on behalf of BIAC’s worldwide membership were BIAC Chairman Charles Heeter (principal, Deloitte LLP) and BIAC Secretary General Tadahiro Asami. “This award is not only an honor, but it is an encouragement,” said Heeter, “an encouragement to continue, even redouble, our efforts to provide high-quality business advice to the OECD and its member governments, based on expertise and experience across a wide range of industries and geographies.”

Asami noted the close relationship between American business and BIAC. “USCIB is very much liked and respected by BIAC members and committee leaders,” he said. “USCIB, together with its member companies, contribute to BIAC policy groups with new ideas, initiatives and innovative policy thinking – this is the strength of U.S. business in BIAC.”

In a video message for the event, OECD Secretary General Angel Gurria stated: “BIAC is our main connection to the business community. Its advice helps to ground the OECD’s analysis and policy recommendations in a more realistic perspective. This support is even more important today. We need to design new policies to build stronger, cleaner and fairer economies and we will succeed only to the extent that we do this in close coordination with the private sector.”

Deloitte Touche Tohmatsu CEO Barry Salzberg also provided testimonial remarks. He called BIAC “one of our most valuable policy platforms,” and said both it and the OECD played an instrumental role in shaping government decision-making.

Noting the two organizations’ long affiliation and close working relationship, USCIB President and CEO Peter Robinson stated: “BIAC’s ability to influence the OECD’s work, and thereby help shape government policy in the 35 OECD nations and beyond, is just one part – but it is a big part – of what makes USCIB special.”

Katty Kay, the lead anchor at BBC World News America, delivered keynote remarks, addressing the results of the recent U.S. election and the prospects for resolution of the looming fiscal cliff.  “The question is whether we can make America governable again,” she said. “Can people put partisanship aside and behave responsibly? If they [Congress] keep acting like spoiled children, nothing’s going to happen.” But Kay also said she has faith in the ability of America’s businesses to muddle through. “There’s nowhere where it’s more entrepreneurial or energetic.”

The USCIB award gala drew hundreds of business leaders as well as dignitaries from government and diplomatic circles. The International Leadership Award, first presented to a corporate leader in 1980, has most recently honored Andrew Liveris of The Dow Chemical Company, George Buckley of 3M Company and Muhtar Kent of The Coca-Cola Company.  It has been bestowed on an institution only once before, in 2009, when USCIB presented the award to the International Chamber of Commerce.

More information on the dinner and the International Leadership Award is available at www.uscibgala.com.

About USCIB:
Founded in 1945, USCIB promotes open markets, competitiveness and innovation, sustainable development and corporate responsibility, supported by international engagement and regulatory coherence. 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 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.

 

USCIB Applauds House Passage of Russia Trade Bill

4405_image001New York, N.Y., November 16, 2012 – The United States Council for International Business (USCIB) welcomed the House of Representatives’ passage today of legislation to establish permanent normal trade relations (PNTR) with Russia.

“This is a long-overdue step to secure U.S. access to the growing Russian marketplace,” said USCIB President and CEO Peter M. Robinson. “Russia joined the World Trade Organization in August, and in the intervening time, U.S. companies have been at a competitive disadvantage as the country opens up new opportunities for foreign trade and investment. We urge the Senate to swiftly approve PNTR legislation.”

Passage of PNTR is required to lift trade restrictions on Russia under the 1970s-era Jackson-Vanik amendment, which has been deemed to violate WTO rules.

Robinson noted that Russia is also taking steps to join the 34-nation Organization for Economic Cooperation and Development (OECD), which would entail additional steps to open Russia to foreign trade and investment. Through its membership in BIAC, the Business and Industry Advisory Committee to the OECD, USCIB is working to advise the OECD and its member governments on appropriate terms for Russian entry into the organization, and is assessing the potential impact for U.S. business.

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.

More on USCIB’s Trade and Investment Committee

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New Portal Showcases Benefits of Open Markets for FDI

4394_image001New York, N.Y., October 16, 2012 – The United States Council for International Business (USCIB) today joined with six other business associations to launch a new online information clearinghouse, Investment Policy Central, highlighting the importance of an open climate for foreign direct investment in driving U.S. economic growth, trade and jobs.

“USCIB has long been a leading voice for open investment policies, on both inward and outward FDI flows,” stated USCIB President and CEO Peter M. Robinson. “We are excited about this new website as way to spread our message, and those policies, more widely.”

Investment Policy Central is now live at www.investmentpolicycentral.com.

The business groups said Investment Policy Central will serve as a center of excellence for the most accurate, up-to-date information on the benefits of an open international investment climate. The site presents facts and figures on investment, highlights the benefits of global investment, debunks common investment myths and provides links to a wide range of resources on investment policy.

Investment Policy Central will feature timely, relevant content from experts on investment policy. Site organizers said they would welcome suggestions and input from companies, associations, organizations, think tanks, academics and other individuals interested in promoting an open international investment climate.

One of USCIB’s initial contributions to the site is an overview of recently updated guidelines for international investment from the International Chamber of Commerce (ICC), the worldwide business body that is part of USCIB’s global network. The ICC guidelines elaborate a number of steps both governments and companies can take to ensure maximum benefits from international investment.

“USCIB will continue to lead a strong advocacy and education effort on behalf of open investment policies,” Robinson said. “Our message is simple: FDI, both inward and outward, is good for the U.S. economy, for our competitiveness in today’s global marketplace, for U.S. companies and for U.S. jobs.”

The United States is the world’s leading investor nation as well as the largest host country for foreign direct investment. Overall, global inward investment flows now approach $1.2 trillion, and sales of affiliates worldwide are just under $30 trillion, far in excess of world trade flows.

In addition to USCIB, the partner associations in the Investment Policy Central initiative include the Coalition of Services Industries, Emergency Committee for American Trade, National Center for APEC, National Foreign Trade Council, Organization for International Investment and U.S. Chamber of Commerce.

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.

More on USCIB’s Trade and Investment Committee

Barbara Wanner Named to Lead ICT Policy at United States Council for International Business

Barbara Wanner

New York, N.Y., October 9, 2012Barbara Wanner has been named vice president for information, communications and technology (ICT) at the United States Council for International Business (USCIB), a pro-trade association encompassing America’s top global companies.

Wanner, who comes to USCIB from the Coalition of Services Industries, where she was director of the Global Services Summit and played a leading role on ICT policy, joined USCIB’s Washington, D.C. office on October 1.

“Barbara Wanner is an outstanding addition to USCIB’s policy team,” said USCIB President and CEO Peter M. Robinson. “She brings over thirty years of experience in trade and economic policy, as well as strong relationships with policy makers and a deep understanding of the business advocacy process.”

Founded in 1945, USCIB works to advance U.S. industry positions around the world, utilizing a unique network of international business groups – including the International Chamber of Commerce (ICC) and BIAC, the Business and Industry Advisory Committee to the OECD – with official standing in the United Nations, the OECD and many other inter-governmental bodies. It has long championed policies to expand information flows and the global Internet, promote information security, and expand market access for telecommunications and other information services.

As the lead staff member supporting USCIB’s Information, Communications and Technology Committee, Wanner will work closely with a diverse member base led by the committee’s chair, David Gross (Wiley Rein), and its vice chairs, Joseph Alhadeff (Oracle) and Leslie Martinkovics (Verizon). Important upcoming policy initiatives falling under her and the committee’s remit include the UN’s Internet Governance Forum and this December’s World Conference on International Telecommunications.

In addition to her work with the Coalition of Services Industries, Wanner has held positions at the U.S. Asia Pacific Council of the East-West Center, the International Electronics Manufacturers and Consumers of America, the Japan Economic Institute, and on Capitol Hill. She holds a master’s degree from Columbia University and a bachelor’s degree from Bucknell University.

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
(212) 703-5043 or jhuneke@uscib.org

More on USCIB’s Information, Communications and Technology Committee

Business Strongly Supports Bill to Raise Customs Duty Threshold

stop sign military customsNew York, N.Y., September 24, 2012 – The United States Council for International Business (USCIB) has joined 27 companies and business associations in applauding a new bill in the U.S. Senate that would raise the minimum value at which customs duties are imposed on imported goods, calling it a major step forward that would facilitate trade, and a boon to both large and small companies.

The bill, S. 3597, was introduced on September 20 by Senators John Thune (R. – S.D.) and Ron Wyden (D. – Or.).  It would raise the “de minimis” value, which is the monetary value below which shipments entering the United States are free from tariffs, taxes or formal customs procedures, to $800 from the current level of $200.

“Raising de miminis levels helps foster trade, and the jobs that come with it,” stated USCIB President and CEO Peter M. Robinson. “This bill clearly deserves strong support on its own merits, but we are especially pleased at the timing. It will reinforce efforts to raise de minimis levels overseas, something we are actively pursuing through the APEC forum and other channels.” He noted that de minimis levels abroad were sometimes even lower than the current U.S. level.

In their statement, the business groups noted that, in addition to promoting faster border clearance for low-value shipments, a higher de minimis level would allow customs officers-ud-736-UD-736 to focus enforcement efforts on urgent priorities like ensuring product safety and protecting intellectual property. It would also benefit small businesses by reducing the burden associated with importing low-value goods as well as international retail returns. Furthermore, the legislation would have no impact on security, since all shipments entering the United States undergo a security review regardless of value.

The U.S. de minimis level has been held at $200 for nearly 20 years, while the Consumer Price Index has risen some 60 percent over that same period. A companion bill in the House of Representatives, introduced by Rep. Aaron Schock (R. – Ill.), has garnered the support of 142 other legislators from both sides of the aisle.

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, USCIB
(212) 703-5043 or jhuneke@uscib.org

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