Global Survey Identifies Business Priorities for G20

G20_surveySydney, July 16, 2014 – A global survey released today by the International Chamber of Commerce (ICC) shows that further liberalization of multilateral trade is at the top of the business community’s wish-list for G20 leaders at their summit in Australia later this year, according to ICC’s American national committee, the United States Council for International Business (USCIB).

Drawing on ICC’s unique and extensive international network of companies and associations in over 130 countries, the survey identified advancing a multilateral trade agenda, along with actions to improve conditions for investment and boost infrastructure, as top business priorities for the G20. It also found support for intellectual property protection and sustainable energy as priority issues to be addressed by G20 leaders.

“The prioritization of trade sends a clear signal that business believes that G20 leadership can progress the current momentum in international trade negotiations,” said ICC Chairman Terry McGraw, who also serves as chairman of USCIB. “In the aftermath of last year’s historic WTO agreement on trade facilitation, we now have the most robust trade agenda in decades. With a renewed sense of collaboration among the world’s trading partners, the time is right for the G20 to build upon the leadership in trade that it so ably demonstrated in Saint Petersburg.”

Launched at the 2014 Business-20 (B20) Summit in Sydney today, the Global Survey of Business Policy Priorities for G20 Leaders: Report on Key Findings, reveals that three-quarters of surveyed business representatives believe the G20 has been instrumental in improving the global business environment following the financial crisis in 2008 and remains a relevant body for addressing global economic issues.

A large majority of survey respondents said that business should be more involved in the G20 process via participation in institutionalized meetings with G20 ministers, inclusion in official issue working groups and direct dialogue with G20 leaders.

The survey solicited views from large corporations, as well as small- and medium-sized enterprises (SMEs), across a wide breadth of industries. The approximately 2,000 survey respondents come from more than 100 countries, including all G20 member countries. Significantly, the majority of the respondents were from SMEs and almost half of respondents were business owners or CEOs.

“The G20’s decisions and agenda impact core business goals for trade, investment, economic growth and job creation, and are increasingly shaping intergovernmental policies that affect business internationally,” said ICC Secretary General John Danilovich. “ICC has been deeply involved in the work of the G20, and strives to represent the voice of international business in the deliberations of G20 leaders. Our survey findings underline the importance of having a robust business-to-government dialogue on the G20 agenda.”

ICC created the Global Survey to gauge the business community’s perception of the G20 and identify business policy priorities for G20 leaders that encourage business expansion and job creation, both of which are crucial to achieving the G20’s goal of strong and sustainable growth. ICC effectively targets G20 policy development on a global scale through its G20 CEO Advisory Group, which serves to intensify top-level international business engagement and to ensure the inclusion of business views in the deliberations of G20 leaders.

Watch USCIB Chairman Terry McGraw Discuss the G20’s Global Growth Target (CNBC)

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

Business Makes the Case for Gender Diversity

women workplaceThe International Chamber of Commerce (ICC) Secretary General John Danilovich has urged businesses and governments to step up efforts to engage women more fully in the workforce, particularly in leadership positions.

Danilovich told business, government and university representatives gathered in Sydney that despite making up over half of the world’s population, women’s contribution to measured economic activity was far below its potential.

“There is a huge unrealized economic opportunity,” said Danilovich. “Given the need for effective solutions to sustain global growth, it is both economically and socially necessary to tap into the skills and talent of women that are currently underutilized or left out of the labour force altogether. Since 812 million of the 865 million women worldwide who have the potential to contribute more fully to their economies live in the developing world, this is especially necessary for emerging and developing nations, since.”

The new ICC Secretary General was speaking at an event called “Women’s Empowerment Principles: Equality Means Business”, organized by the Australian Chamber of Commerce and Industry alongside this week’s B20 summit for business leaders from Australia and across the G20 member countries.

Read more on the ICC website

More on USCIB’s work on gender diversity

Staff contact: Justine Badimon

ICC Court of Arbitration Expands its Global Reach

Fresh data confirms that the International Chamber of Commerce’s Court of Arbitration is a truly global dispute resolution provider. In 2013, the court received 767 new requests involving parties from 138 countries, and 80 percent of the cases were cross-border dispute cases between parties of different nationalities.

Data also shows that the number of arbitrators and the places of arbitration increased. ICC’s arbitrators now represent 86 different nationalities (up from 76 in 2012), and arbitration proceedings were located in 63 different countries.

arbitration chart

The ICC’s court is equipped with extensive knowledge of local traditions, languages and legal cultures to effectively administer disputes. The court has nine case management teams, each focused on a different region of the world. The ninth team was established in the United States last year, operating under the corporate name of SICANA with offices in the same building as USCIB.

Led by Josefa Sicard-Mirabel, SICANA is ideally located to handle the court’s growing North American caseload. The number of disputants from the United States and Canada grew by 28 percent last year. American parties continue to be the most numerous of all nationalities represented in ICC arbitrations.

A more detailed statistical report will be published by ICC in August 2014.

Staff contact: Josefa Sicard-Mirabel

Business Spearheads High-Level Discussion on NCDs Prevention

(L-R) Mike Wisheart (World Vision International), Mario Ottiglio (IFPMA), Kim Fortunato (Campbell Soup Company), Jean-Michel Borys (EPODE), Cary Adams (NCD Alliance), Louise Kantrow (ICC), Peter Robinson (USCIB)
(L-R) Mike Wisheart (World Vision International), Mario Ottiglio (IFPMA), Kim Fortunato (Campbell Soup Company), Jean-Michel Borys (EPODE), Cary Adams (NCD Alliance), Louise Kantrow (ICC), Peter Robinson (USCIB)

The world’s worst killers – non-communicable diseases (NCDs), such as obesity, heart disease and many cancers – are responsible for over 60 percent of premature deaths worldwide, according to the World Health Organization (WHO).

NCDs diminish economic growth and sap productivity among working age populations, since these diseases affect adults in their prime. NCDs also push households into poverty and disproportionately affect low-income countries, where the diseases strike younger populations and place great strains on already overburdened healthcare systems.

Despite these grave threats, NCDs are largely preventable by mobilizing governments, civil society and the private sector to craft sound public health policies. Governments alone struggle to manage NCDs because the diseases drive up healthcare costs and divert scarce resources from other areas that need them. Given the strain the NCD epidemic places on national healthcare systems, the United Nations 66th World Health Assembly reiterated a call for member states to consider interventions across many segments of society for NCDs prevention and control. Part of the UN’s Post-2015 Development Agenda aims to scale up multi-stakeholder responses to NCDs.

It is under this backdrop that USCIB and the International Chamber of Commerce (ICC) organized a meeting on July 11 hosted by Pfizer that explored how public-private partnerships can be leveraged to combat the NCD epidemic. USCIB and the ICC are the only private sector organizations representing business that interface with the United Nations on NCD prevention at a multistakeholder level. The public-private partnership discussion took place during the UN High-Level Meeting to review progress achieved in the fight against the NCD epidemic in the context of the post-2015 development agenda.

Panelists at the pubic-private partnership event included Cary Adams, CEO of the Union for International Cancer Control and chair of the NCD Alliance; Jean-Michel Borys, general secretary of the EPODE International Network; Kim Fortunato, director of Campbell Healthy Communities at the Campbell Soup Company; Mario Ottiglio, director of public affairs and global health policy at the International Federation of Pharmaceutical Manufacturers & Associations (IFPMA); and Mike Wisheart, senior advisor of corporate engagement, advocacy and justice for children at World Vision International. The discussion was moderated by Louise Kantrow, ICC’s permanent representative to the United Nations.

A dozen government officials attended the event, including Ambassador Courtenay Rattray, the Jamaican ambassador to the United Nations and co-chair of the UN General Assembly meeting on NCDs. Ambassador Rattray is also the co-facilitator of the outcome document on the review and assessment of NCDs. The event drew dozens of NGO, civil society and private sector representatives as well.

Following welcoming remarks by USCIB President and CEO Peter Robinson, panelists explained that a multistakeholder approach is necessary to address the epidemic, with Adams noting that “partnerships are the only way we can address these things called NCDs.”

Borys and others agreed that all of civil society’s stakeholders need to take charge at the global, regional and local levels to combat childhood obesity and other forms of non-communicable diseases, and that global coordination mechanisms are key for making the most out of public-private partnerships.

“This group of industry representatives understood that business can only survive in societies that flourish,” Kantrow said referring to the panelists, “they understand the importance of thriving in successful societies.”

Since the UN called on the global community to address the NCD epidemic in 2012, public-private partnerships addressing NCDs have more than doubled, according to Ottiglio. He presented the findings of an IFPMA global survey, which revealed that NCD public-private partnerships have increased and are present virtually everywhere around the world. Ottiglio said that IFPMA “reaches three million people worldwide through a strong volunteer network in 189 countries” committed to combating NCDs.

During the discussion, Fortunato offered a case study of the Campbell’s philanthropic work in Camden, N.J., where childhood obesity is high. She stressed the importance of collective partnering, which is the cornerstone of Campbell’s corporate philanthropy program, as well as committing to a collective impact model in which private companies work with all levels of government to address NCDs.

Multi-stakeholder involvement was a recurring theme during the discussion, with Wisheart explaining that “we need actors from all sectors of civil society,” and “we want to see more partnerships, working at greater speed, having greater impact. To address the trust issues that sometimes arise with public-private partnerships, Wisheart noted that the best way to manage partnerships risks is to ensure there are strong accountability mechanisms that increase the space for collaboration.

Helen Medina, USCIB’s senior director of product policy and innovation, concluded: “The private sector understands the urgency needed to address non-communicable diseases and has an interest in curbing them for a variety of reasons, including having productive employees providing products and technical support to manage NCDs, and sustaining a long-term relationship with the communities in which it works. At the end of the day, it makes economic sense for business to be involved in curbing NCDs, and it’s extremely important for social and economic development.”

Staff contacts: Louise Kantrow and Helen Medina

More on USCIB’s Health Care Working Group

Global Business Says Policy Decisions Don’t Fulfill Internets Full Potential

green globe keyboardThe International Chamber of Commerce has reasserted its commitment to strengthening the Internet as an enabler of business and economic growth, saying that more needs to be done today to ensure its continued development as an open platform for innovation, creativity and the free flow of information.

ICC BASIS (Business Action to Support the Information Society) will use its presence at the 9th annual Internet Governance Forum (IGF), taking place in Istanbul, Turkey from September 2-5 to address how Internet policy decision-making is not going far enough to capitalize on the Internet’s potential for creating new commercial and social opportunities for users around the world.

USCIB, which is a member of ICC-BASIS, will participate in the IGF 2014 in Istanbul, supporting BASIS’ efforts to promote an approach to Internet governance that enables business to reap the benefits of the digital economy. As part of its focus at the September meeting, ICC BASIS has also affirmed its belief that the existing multistakeholder model of governance is the best way to ensure the creation of policy that maximizes opportunities for future Internet innovation, and is the most effective means of informing Internet policy decision-making at the government level.

ICC Secretary General John Danilovich said: “The world is becoming ever more dependent on the Internet to drive social change and attain regional economic growth and prosperity. Global business is dedicated to doing all it can to encourage the adoption of policy that supports the use of the Internet in new ways to connect people with ideas, create jobs, boost trade and reverse the cycle of poverty. At a time when management of the Internet is under scrutiny, we urge the policy-making community to not lose sight of the continued need to focus on creating pro-growth, socially proactive policies designed to keep the Internet open for future generations.”

BASIS welcomes the opportunity offered by IGF to galvanize thinking among the multistakeholder community through consensus, and to engage in dialogue on central issues. These include the protection of the Internet as a vehicle of innovation, respect for the rule of law, access, enhancing digital trust and the importance of maintaining cross-border and global flows of information.

Read more on the ICC website.

Staff contact: Barbara Wanner

More on USCIB’s ICT Committee

ICC Releases Guidelines on Gifts and Hospitality

gifts hospitalityNew anti-corruption guidelines from the International Chamber of Commerce will provide guidance to enterprises on business ethics related to gifts and hospitality. The ICC Guidelines on Gifts and Hospitality offer recommendations on how to establish and maintain a policy on this particular issue, based on the most recent international, regional and national rules, as well as on commercial best practice.

Companies can be solicited to make gifts or provide hospitality while conducting commercial activities, or may wish to do so at their own initiative. While such practices are not per se illegal, they can, in some cases, create a suspicion of impropriety or bribery.

Among other recommendations, the ICC Guidelines state that enterprises should establish a policy which limits gifts and hospitality to expenditures that are business-related, made transparently and recorded fairly and accurately in the company’s books. Such practices should also consider the culture and living standards in the country where the advantage is received. The guidelines will complement ICC’s suite of anti-corruption tools, which includes the Ethics and Compliance Training Handbook.

Through its global network, USCIB – ICC’s American affiliate – has also worked on anti-bribery issues through the Business and Industry Advisory Council (BIAC) to the OECD, including through BIAC’s Task Force on Bribery and Corruption.

Read more on the ICC website.

Staff contact: Shaun Donnelly

Pushing for Open Trade After Bali

Globe CubeThe International Chamber of Commerce (ICC) has adopted a work-plan supporting further trade liberalization following the success of the meeting of Ministers of the World Trade Organization in Bali, Indonesia last December.

Prepared by the ICC Commission on Trade and Investment Policy, the “ICC World Trade Agenda post-Bali business priorities” welcomes the renewed pursuit of a global trade and investment agenda that moves talks beyond Doha.

The priorities include further trade liberalization regionally, through negotiations on a Trans-Pacific Partnership (TPP), a Transatlantic Trade and Investment Partnership (T-TIP), a Regional Comprehensive Economic Partnership (RCEP) and the Pacific Alliance. ICC also supports the rapid implementation of the WTO Trade Facilitation Agreement, which is especially crucial for developing countries.

“One of the big challenges for business, in an economy that is increasingly globalized, is that in many crucial areas, international rules are either non-existent or inadequate,” said James Bacchus, former U.S. Congressman and current chair of the Commission on Trade and Investment Policy. “The WTO has a fundamental role to play in modernizing the international rules of the game – and ensuring compliance with them – so that we can create an effective 21st-century trading system.”

Bacchus continued: “This is why the ICC is mobilizing business worldwide around a 21st-century multilateral World Trade Agenda for sustainable economic growth and job creation. The ICC believes that following the recent success in Bali, there is a real opportunity to make progress on a global trade agenda.”

Adopted at a meeting of the ICC Executive Board in Geneva on June 26, the policy statement urges trading countries to act on the following priorities:

  • Concluding global negotiations aimed at a balanced outcome for the critical areas of agriculture, non-agricultural market access and services, which would speed up multilateral trade liberalization within the WTO. This includes developing a clear path towards conclusion of the Doha Development Agenda and its planned reductions of industrial tariffs.
  • Eliminating barriers to trade in IT products and encouraging the growth of e-commerce worldwide. This requires expanding product coverage under the WTO Information Technology Agreement, and continuing to refrain from imposing customs duties on e-commerce. Global exports of IT products reached $1.4 trillion in 2010, making this one of the most important categories in world trade.
  • Fostering “greener” economic activity through trade. More countries should be encouraged to join the initiative announced in January 2014 by 14 WTO members to eliminate tariffs on environmental goods
    and expand product coverage for goods that protect the environment and address climate change.
  • Helping to liberalize trade in services through alternative negotiating approaches such as the Trade in Services Agreement. It is estimated that removing barriers to global exports of tradable services could generate world trade gains of $1 trillion, which could create almost 9 million jobs worldwide.
  • Encouraging the development of WTO disciplines over state-owned and state-supported enterprises that enter the market. Between 2004 and 2008, 117 state-owned and public companies appeared for the first time on the Forbes Global 2000 list of the world’s largest companies. The home governments of these companies protect them from competition, and this can be a way for governments to intervene in the marketplace and skirt their WTO commitments.
  • Improving the protection and promotion of investment through bilateral and other agreements, while also laying the groundwork for a high-standard multilateral framework on investment.

Staff contacts: Rob Mulligan, Shaun Donnelly, Eva Hampl and Kristin Isabelli

More on USCIB’s Trade and Investment Committee

New Brochure Gives Engaging Glimpse into ICC Dispute Resolution

4776_image002The International Chamber of Commerce published a brochure offering a concise introduction to its dispute resolution services. The booklet presents the ICC, its International Court of Arbitration® and International Centre for ADR, and related ICC products and activities aimed at facilitating the resolution of international commercial disputes.

This engaging, easy-to-read booklet distills the key features and advantages of ICC arbitration, mediation, expertise services and dispute boards. Readers will find a succinct diagram explaining the principal steps of the arbitration process, a page listing ten good reasons for choosing ICC dispute resolution and section explaining how the different services may interact with each other.

The brochure is published in both print and electronic formats. Conceived above all as a primer, the booklet contains links to individual ICC web pages for more information on the topics it covers. These URLs are active hypertext links in the PDF version of the brochure.

Andrea Carlevaris, secretary general of the ICC International Court of Arbitration® and Director of ICC Dispute Resolution Services, described the brochure as an ideal starting point for anyone wishing to have an overview of ICC’s activity and resources in the field of dispute resolution. “The publication combines a dynamic design with simple language to inform and orientate readers who are contemplating using ICC’s dispute resolution services,” he said.

Translations are planned and will be announced in due course. USCIB is ICC’s American affiliate.

Staff contact: Josefa Sicard-Mirabel

ICC Releases Global Survey 2014 Rethinking Trade and Finance

4778_image002The International Chamber of Commerce (ICC) released the Global Survey 2014: Rethinking Trade and Finance, its largest and most comprehensive Global Survey to date – including data from 298 banks across 127 countries. The survey concludes that the growth rate of international trade has dropped drastically when compared to the years before the global financial crisis.

Survey highlights include:

Lack of available trade finance caused global trade growth to slow

Global trade growth was a shade above 3 percent during 2013, although picked up to an annualized growth rate of 4 during the first quarter of 2014 and is anticipated to accelerate beyond 5 percent through 2016. However, in terms of the “trade finance gaps,” 41 percent of survey respondents reported that they perceived a shortfall of trade finance globally.

KYC and AML regulations caused banks to decline transactions and close relationships

Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations caused 68 percent of respondents to decline transactions, and nearly a third (31 percent) to close down correspondent account relationships.

G20 countries stalled agenda to open up world trade through trade-restrictive measures

G20 countries accounted for three quarters of the trade restrictive measures imposed since 2008, with Word Trade Organization figures showing that these countries introduced 193 new trade restrictive measures between December 2012 and November 2013. Such restrictions – many of which are protectionist and therefore trade distorting – have stalled the agenda to open up world trade.

Read more on the ICC website.

Read about the ICC’s 2014 Trade Register Report.

Staff contact: Shaun Donnelly and Eva Hampl

More on USCIB’s Trade and Investment Committee

Former Ambassador John Danilovich Elected ICC Secretary General

John Danilovich
John Danilovich

New York and Paris, June 27, 2014  – An American business leader and diplomat, John Danilovich, has been named secretary general of the International Chamber of Commerce (ICC), the Paris-based world business organization, according to the United States Council for International Business (USCIB), ICC’s American national committee.

ICC’s World Council voted unanimously to approve Danilovich’s appointment today in Geneva, following a recommendation by the ICC Executive Board. A selection committee appointed by the board reviewed the qualifications of more than 300 candidates before selecting Danilovich based on his impressive credentials in the international arena and extensive experience of trade related issues.

“John will be an outstanding secretary general,” said ICC Chairman Terry McGraw, chairman of McGraw Hill Financial [now S&P Global], who also serves as USCIB’s chairman. “His experience and deep understanding of global markets as a business leader will be incredibly important to ensure public-private sector engagement in driving economic growth, creating jobs and raising standards of living around the world. We are pleased he will be taking the lead of the world’s business organization.”

Danilovich has been active in the international maritime industry for several decades, holding executive board positions in a number of companies. He served as the U.S. ambassador to Brazil and to Costa Rica, and from 2005 to 2009 was the chief executive officer of the Millennium Challenge Corporation, an innovative and successful foreign aid program. Click here for full biographical information.

“I greatly look forward to working with ICC professionals, leadership and national committees around the world to strengthen the organization’s role and visibility,” said Danilovich. “This is an exciting organization at a crucial moment in its development. I want to build on the success achieved over the last few years under the leadership of former Secretary General Jean-Guy Carrier, who set ICC on a solid foundation and a steady course.”

USCIB President and CEO Peter M. Robinson said he looked forward to working with Danilovich. “We believe ICC has made an excellent choice,” he said. “The entire USCIB team stands ready to help John develop ICC into an even more authoritative and effective business voice on the global stage.”

About ICC:

ICC is the largest, most representative business organization in the world. Its global network comprises over six million companies, chambers of commerce and business associations in more than 130 countries, with interests spanning every sector of private enterprise. A world network of national committees keeps the ICC international secretariat in Paris informed about national and regional business priorities. More than 2,000 experts drawn from ICC’s member companies feed their knowledge and experience into crafting the ICC stance on specific business issues. The United Nations, the World Trade Organization, the G20 and many other intergovernmental bodies, both international and regional, are kept in touch with the views of international business through ICC. More 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, USCIB provides business views to policy makers and regulatory authorities worldwide, and works to facilitate international trade and investment. More at www.uscib.org.

Contacts:

Dawn Chardonnal, ICC
+ 33 1 49.53.29.07, dawn.chardonnal@iccwbo.org

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