Conference Examines the Often Unseen Face of Forced Labor

Seeking to build greater awareness of the thorny problem of forced labor, stakeholders from business, government, NGOs and major international organizations gathered at a February 20 conference in Atlanta to explore how the private sector should address this complex issue in company operations and supply chains.

Coca-Cola CEO Neville Isdell told conference-goers: “No single business, nor all businesses together, can eliminate the evil of forced labor.”
Coca-Cola CEO Neville Isdell told conference-goers: “No single business, nor all businesses together, can eliminate the evil of forced labor.”

The event, entitled “Engaging Business: Addressing Forced Labor,“ was held at the headquarters of the Coca-Cola Company.  It was sponsored by USCIB, the U.S. Chamber of Commerce and the International Organization of Employers, part of USCIB’s global network, in cooperation with the International Labor Organization.

While child labor is relatively easy to identify, forced labor can be a more complex issue, especially in an era of lengthy supply chains.  “It is rare to find workers under lock and key, or physically forced to work under threat of violence,” according to an ILO briefing paper prepared for the conference.  “But there are a range of more subtle forms of constraint – such as inducing workers into severe indebtedness, confiscating identity documents of migrant workers, or deliberate non-payment of wages – which can be considered as forced labor practices under national laws or international standards.”

Forced labor is the subject of widely ratified ILO core conventions and is one of the principles of the ILO’s 1998 Declaration on Fundamental Principles and Rights at Work.  And while many codes of conduct at the company, industry and global levels reference forced labor, it has only recently gained attention in the business community as an issue that requires priority attention.

The meeting, which drew some 80 participants, drew on the experience and knowledge of a cross-section of multinational business and employer association participants in helping to formulate a global strategy for employers that can be used to identify forced labor, to provide means for its elimination and to give guidance on its remediation.  Participants reviewed a series of company case studies highlighting innovative solutions to eliminate forced labor.

L-R: Ronnie Goldberg (USCIB) and Donna Chung (Sandler, Travis & Rosenberg).
L-R: Ronnie Goldberg (USCIB) and Donna Chung (Sandler, Travis & Rosenberg).

The need for collaboration was a key theme of the full-day session. “No single business, nor all businesses together, can eliminate the evil of forced labor,” Neville Isdell, Coca-Cola’s chairman and CEO, told conference-goers. “It requires the coming together of the triumvirate of governments, civil society and business.”

Mark Lagon, director of the State Department office charged with combating human trafficking, spoke at the event, urging companies to exert leadership on the issue.

“Our message must be unambiguous and clear: both the public and private sector have zero tolerance for forced labor of any kind,” said Mr. Lagon.  “The unprecedented movement of labor and capital in chains of production of exportable goods promises many advances.  But without rule of law and good corporate citizenship, it also could lead to modern day slavery.”

Participating executives agreed, and said they appreciated the threats posed by forced labor.  “Companies in industries ranging from clothing to food processing to electronics are suffering reputational and business damage from allegations related to forced labor, human trafficking and child labor,” said Ed Potter, director of global workplace rights with Coca-Cola. “Our goal as a company is to continue to build our reputation as a recognized workplace human rights leader that can materially impact the sustainability of local communities where we do business.”

Staff contact: Ariel Meyerstein

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The Coca-Cola Company’s website

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Employers Pledge Closer Action With World Bank

L-R: IOE President Abraham Katz, World Bank President Robert Zoellick and IOE Secretary General Antonio Peñalosa.
L-R: IOE President Abraham Katz, World Bank President Robert Zoellick and IOE Secretary General Antonio Peñalosa.

Top representatives of global employers met with World Bank President Robert Zoellick and other bank officials on February 15 in Washington, D.C. to voice support for the bank’s annual “Doing Business” reports, which assess and rank countries based on how easy they make it to run a business, and to explore areas for future cooperation.

The delegation from the International Organization of Employers (IOE), part of USCIB’s global network and the voice of business in the International Labor Organization, was led  by IOE President Abraham Katz, who also serves as president emeritus of USCIB.  It included Antonio Peñalosa, secretary general of the IOE, Ashraf Tabani, president of the Employers’ Federation of Pakistan, and Ronnie Goldberg, executive vice president of USCIB, among others.

The meeting aimed at outlining the IOE’s views on – and support for – the Doing Business report, discussing how the World Bank should integrate and present employment and labor issues in future reports, and exploring areas for immediate as well as future cooperation between the IOE and the World Bank.  Joining Mr. Zoellick from the World Bank’s side were Michael Klein, vice president for financial and private sector development, and Simeon Djankov, who leads the team developing the Doing Business reports, along with several team members.

Mr. Katz expressed the IOE’s strong support for the Doing Business reports and highlighted their importance as a tool for labor market reforms and structural adjustment. He stressed the interest of national employers’ organizations in the report as a means of promoting reform in their own countries.  IOE delegation members also provided detailed comments on the relationship between the report’s labor indicators and pertinent ILO conventions.

On future areas of cooperation between the IOE and the World Bank, consideration was given to increasing IFC work with national employers’ organizations in the collection of data for yearly Doing Business reports.  Building on the success of last September’s launch of the 2008 report at a USCIB forum in New York, participants discussed organizing regional launches with IOE members in major regional hubs.

Areas identified for possible for future collaboration included vocational training and skills development, occupational safety and health, the informal economy, sustainable enterprise, youth employment, SME development, productivity and women’s entrepreneurship.  Participants also discussed holding annual top-level meetings between the IOE and the World Bank.

IOE website

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Employers Cement Relationship With World Bank

L-R: IOE President Abraham Katz, World Bank President Robert Zoellick and IOE Secretary General Antonio Peñalosa.
L-R: IOE President Abraham Katz, World Bank President Robert Zoellick and IOE Secretary General Antonio Peñalosa.

Top representatives of global employers met with World Bank President Robert Zoellick and other bank officials on February 15 in Washington, D.C. to voice support for the bank’s annual “Doing Business” reports, which assess and rank countries based on how easy they make it to run a business, and to explore areas for future cooperation.

The delegation from the International Organization of Employers (IOE), part of USCIB’s global network and the voice of business in the International Labor Organization, was led  by IOE President Abraham Katz, who also serves as president emeritus of USCIB.  It included Antonio Peñalosa, secretary general of the IOE, Ashraf Tabani, president of the Employers’ Federation of Pakistan, and Ronnie Goldberg, executive vice president of USCIB, among others.

The meeting aimed at outlining the IOE’s views on – and support for – the Doing Business report, discussing how the World Bank should integrate and present employment and labor issues in future reports, and exploring areas for immediate as well as future cooperation between the IOE and the World Bank.  Joining Mr. Zoellick from the World Bank’s side were Michael Klein, vice president for financial and private sector development, and Simeon Djankov, who leads the team developing the Doing Business reports, along with several team members.

Mr. Katz expressed the IOE’s strong support for the Doing Business reports and highlighted their importance as a tool for labor market reforms and structural adjustment. He stressed the interest of national employers’ organizations in the report as a means of promoting reform in their own countries.  IOE delegation members also provided detailed comments on the relationship between the report’s labor indicators and pertinent ILO conventions.

On future areas of cooperation between the IOE and the World Bank, consideration was given to increasing IFC work with national employers’ organizations in the collection of data for yearly Doing Business reports.  Building on the success of last September’s launch of the 2008 report 2007 at a USCIB forum in New York, participants discussed organizing regional launches with IOE members in major regional hubs.

Areas identified for possible for future collaboration included vocational training and skills development, occupational safety and health, the informal economy, sustainable enterprise, youth employment, SME development, productivity and women’s entrepreneurship.  Participants also discussed holding annual top-level meetings between the IOE and the World Bank.

Staff contact: Ariel Meyerstein

IOE website

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USCIB Welcomes Bipartisan Trade Policy Accord

3699_image002New York, N.Y., May 14, 2007 – The United States Council for International Business (USCIB), which represents hundreds of America’s top global companies, welcomed the agreement between the White House and Congress on a new trade policy “template,” which it said should clear the way toward approval of pending U.S. free trade pacts and renewal of the president’s trade negotiating authority.

USCIB, the U.S. affiliate of the International Organization of Employers, which represents business in the International Labor Organization, said it was especially pleased that negotiators had forged a compromise approach to incorporating international labor principles into U.S. trade agreements that recognizes the role of the ILO to help its member countries advance labor conditions.

USCIB President Peter M. Robinson applauded the efforts of U.S. Trade Representative Susan Schwab and Rep. Charles Rangel, chairman of the House Ways and Means Committee, to conclude the deal.

“Ambassador Schwab and Chairman Rangel have worked tirelessly to forge a bilateral consensus on trade policy, paving the way for further trade liberalization that will benefit business, workers, consumers and farmers,” stated Mr. Robinson.  He noted that, at last December’s USCIB annual award dinner, Congressman Rangel had underscored his strong interest in promoting a forward-looking trade agenda.  “The Chairman delivered, and we are most appreciative.”

Mr. Robinson said the way was now clear to gain approval of the free trade agreements currently before the Congress.  “Hopefully, Congress will approve these FTAs and extend the president’s trade promotion authority,” he stated.  “Extension of trade authority is urgently needed to generate movement in the Doha Round, which is a high priority for U.S. business.”

Mr. Robinson said he was gratified that the agreement’s labor provisions prominently feature the International Labor Organization’s Declaration on Fundamental Principles and Rights at Work, which was developed at the initiative of the International Organization of Employers’ members, including USCIB.  The ILO’s tripartite structure encompasses representation from governments, employers and trade unions, so the ILO declaration’s principles have the support of all three groups in the U.S. and internationally.  It is therefore appropriate to reaffirm them in U.S. trade agreements as objectives that all countries should recognize and strive to realize in their national laws.

USCIB said it recognized that the negotiations on transforming the agreement, presently in the form of a joint “concept paper,” into legislation would require continued bipartisan cooperation between the Executive Branch and Congress.  It also recognizes that concerns may persist in the business community on non-labor issues covered by the agreement, particularly on intellectual property.  “We are confident that, at the end of the day, the same sense of bipartisanship that led to this agreement will carry forward in the drafting of actual legislation,” stated Mr. Robinson.

The United States Council for International Business promotes an open system of global commerce in which business can flourish and contribute to economic growth, human welfare and protection of the environment.  Its membership includes more than 300 leading U.S. companies, professional services firms and associations whose combined annual revenues exceed $3.5 trillion.  As the exclusive American affiliate of three key global business groups – 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.

Contact:

Jonathan Huneke, USCIB

Tel: +1 212 703 5043 or +1 917 420 0039 (mobile)

E-mail: jhuneke@uscib.org

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Remarks by Ronnie Goldberg at G8 Labor Ministerial

Remarks by Ronnie L. Goldberg

EVP and Senior Policy Officer, USCIB

Regional Vice President, International Organization of Employers

Delivered to the G-8 Labor & Employment Ministers Consultation

Dresden, Germany, May 6, 2007
  1. Introduction

I am honoured to express the views of the IOE, which represents 145 Employers Organizations in 140 countries around the world, on the subject of social protection. I would like to begin with a few general remarks:

Importance of Social Protection

Employers understand that social safety nets are an essential policy accompaniment to globalization. Indeed, fiscally responsible and sustainable safety nets are integral to well functioning and peaceful societies and therefore to economic growth and job creation.

But it would be counterproductive if social protection became a barrier to employment or the competitiveness of businesses. Job creation is both the best means of providing social security, as well as the key to sustaining it. And social security is a shared responsibility.

No one Size Fits All

Our message to you today is that while G8 and developing countries all face significant challenges in providing social protection to their citizens, these challenges vary profoundly. G8 governments have a role to play, both in addressing the coverage and sustainability of their social safety nets, but also in assisting developing countries in capacity building for sound social protection systems appropriate to their economies.

Regardless of the system adopted (public, private or a combination), we would like to highlight four characteristics of a well-functioning system that strikes an appropriate balance between the provision of social security and job creation, competitiveness and economic growth:

Sound administrative and financial management is essential;

Social benefit systems must make work pay and should encourage people to stay in the workforce.

Tax policies should not place undue burdens on workers or employers; and

Social policies should be linked with active labour market policies that serve economic growth and job creation anywhere.

  1. The Demographic Context

To a large extent, this policy response will be shaped by demographic reality. Let me share a few facts with you:

By 2050, world population is set to increase by some 2.5B people (from 6.7-9.2 B), the vast majority of whom will be born in less developed regions. Indeed, were it not for projected net migration the population of developed countries would decline.

Over this period the population of the 50 least developed countries will more than double. The populations of Afghanistan, Burundi, the Democratic Republic of the Congo, Guinea-Bissau, Liberia, Niger, Timor-Leste and Uganda are projected to at least triple.

In sharp contrast, the populations of 46 countries, including Germany, Italy, Japan, the Republic of Korea, most of the successor States of the former USSR are expected to be lower in 2050 than in 2005.

What does this mean for social protection? The answer lies not just in total numbers, but in distribution of population. Between 2005 and 2050, half of the increase in the world population will be accounted for by a rise in the numbers of those aged 60 years or over, and the number of persons under age 15 will decline. This trend is particularly acute in the developed world, where the population aged 60 or over is expected to nearly double.

In short, the vastly different economic, political, fiscal and social challenges facing policy makers in the developing and developed worlds are shaped and exacerbated by their differing demographic situations.

III. Developing Countries

Social protection in low-income countries typically confined to the minority of workers who are employed in the formal sector. Strengthening the capacity of these countries to design and implement social protection programs, should enable them to cope better with the social impact of economic reforms as well as help to increase popular support for the reforms themselves.

Thus, social protection policies need to be geared towards reducing the economic vulnerability of households. To have sustainable interventions, a more comprehensive approach is needed, one that draws attention to the large numbers of risks (e.g. illness; crop failure; conflict etc), and that proposes a variety
of instruments to deal with these diverse risks.

  1. OECD Countries

A very different context applies to most OECD countries, where policymakers must confront the challenge of an aging workforce.

Older workers represent an enormous pool of wisdom, skills and knowledge, and it is in everyone’s interest to create the right environments to keep all workers employable throughout their careers, from youth to old age.

Policies should aim at facilitating active aging and reducing obstacles to productive employment opportunities for older workers – for example, providing policy frameworks that increase the effective age of retirement, and making this feasible through pension schemes that do not penalize or make it impossible for older workers to continue gainful employment.

Longer working lives will require cultural shifts for both employers and employees. A climate conducive to workforce participation and ‘active ageing’ can be encouraged through such measures as

— Increasing the effective age of retirement;

— Diversifying working times and work organization, including encouraging part-time and temporary work;

— Increasing emphasis on lifelong learning;

— Analysing the effects of employment protection measures on enterprise creation and sustainability;

— Encouraging more wage flexibility; and

— Promoting effective job placement

  1. Conclusion

In sum, business calls upon the G8 to assist developing countries in capacity building for sound social protection systems. Here at home, we urge the modernization of social benefit systems in ways that are financially sustainable, and that encourage work across all age brackets.

Thank you.

Ronnie L. Goldberg’s Bio

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Trade and Labor remarks by Abraham Katz

Remarks by Abraham Katz

President, International Organization of Employers

(also former U.S. Ambassador to the OECD and President Emeritus of USCIB)

“Trade and Labor”

Delivered to the ILO Governing Body

Geneva, March 25, 2007

I am not a member of the Governing Body: others will speak for employer members of the Governing Body. I speak to you on behalf of the world’s employers as organized in IOE.

Any observation: I was impressed by the study. It sheds valuable light on the policy issues in both employment and trade and their interaction.

But we must, recognize, as the study does, that trade is only one of the factors impacting employment on labor markets.

FDI swamps trade in size – some aspects of FDI are mentioned but there is much to be said. On the negative side, I have seen domestic companies fight FDI because it generally brings more progressive labor relations and productivity and competitiveness. FDI was one of the issues not included in the Doha Round Singapore 1996 Declaration.

But there is no denying beneficial effects on receiving, as well as on sending countries, of most FDI in terms of bringing needed capital, technical skills and spurring local industries.

Technological change is recognized but it is increasingly clear that it is far more significant than trade in affecting wage structures. And of course there are macro policies and financial developments.

All are included in the concept of globalization, and by now there is oft commented fact that perceptions in my country, in Europe and other developed countries is that globalization is the source of considerable anxiety in many countries about increasing insecurity and inequality.

The study correctly raises necessary policies to alleviate these anxieties – examples:

  • country social dialogue
  • active labor market policies
  • retraining; education for lifelong learning
  • portability of pensions, health insurance

All this implies an assumption that globalization is inevitable and irreversible and lets put a human face on it by policies which mitigate the pain and facilitate adjustment.

But I personally am concerned that globalization can suddenly go into reverse. Perhaps it’s the Cassandra in me but I fear we are today in danger of that happening and again the possible cause lies in the trade arena.

The paper speaks of trade reforms. I do not know what that means. Economists have often said trade liberalization is good for you and can well be done unilaterally – in fact, it might be better if tailored to a country’s needs.

However, we know that politically trade liberalization can only be accomplished by negotiating tit for tat balancing off import access for export access whether multilaterally (which I think we all agree in the best way) or bilaterally or regionally – most should feel it is a winner.

Assume then with me that one or more major trading power – I mean large markets – is suddenly impaired significantly its ability to negotiate.

Assume therefore that trade liberalization suddenly stops cold or is severely reduced – what does this do to confidence which is essential to globalization, to investment, to growth, to employment, to workers’ welfare, to decent work, to work.

We are in danger of this happening now. A populist wave expressing the anxieties that we are all aware of gives new impetus to the old 19th century idea of the social clause.

The IOE’s social partner, the International Trade Union Confederation, has posited new regulation of trade and investment to cope with the perceived iniquities and although they speak of doing this in the long run, they clearly mean the social clause.

But the discussion today is not theoretical or hypothetical; it is imminent and extremely political.

As an American, I do not think it appropriate to go into details about current policies in my country nor as President of the IOE about the movements and various signals coming out of other countries.

Let me simply cite Jagdish Bhagwati and other academics as well as Rod Abbot. If Doha fails it may be because of the political elevation of the social clause. I fear the entire study may become moot and we may suddenly find ourselves in a World reminiscent of the thirties when there was national legislation in major markets implementing the social clause, the spread of protectionist policies and drastic shrinking of foreign trade – sauve qui peut.

Not only will the trading system become a victim, but also the ILO, which is based on voluntarism and cooperation will become an anachronism.

Quoting from the letter of Rod Abbot to the FT, former European Commission trade negotiator and Deputy Director-General of the WTO:

“Given the fragile state of the Doha Round negotiations at present, and the past history of developing country members rejecting ideas for broader rules in the WTO (on investment and competition issues, and on procurement), any renewed effort in the labor arena would likely be the “kiss of death”.

and further from a more trenchant letter to the same newspaper from Jagdish Bhagwati, speaking of major developing countries they:

“…oppose the demands for inclusion of such standards in trade treaties, seeing them as continuing generalized, non-transparent and invidious export protectionism by fearful rich-country trade unions and politicians acting out of fear and self-interest to raise the cost of production abroad rather than from the altruism and empathy they occasionally profess.”

What are we talking about? Aren’t we all in favor of improving and assuring workers’ rights? Giving the benefit of the doubt to all those who seek to impose and improve those rights, especially in developing countries, for altruistic motivations we should look to their own statements for a clarification.

I cite part of a recent statement on TPA by the American trade unions:

“Congress should lay out “readiness criteria” to assess any potential trade agreement partner. These criteria should include economic opportunities for U.S. workers, firms and farmers; a country’s legal framework and enforcement regimes; a country’s compliance with International Labor Organization Standards, multilateral environmental agreements and fundamental human rights; and the existence of a democratic governance system. Only countries that meet these readiness criteria would be eligible for trade negotiations.”

Thus one major trading power would judge the eligibility of other trading partners for trade negotiations, both bilateral and multilateral. Let us assume further, however, that we could multilateralize this judgment of eligibility through some reform of trade and labor regulations and while ILO would judge transgression, the WTO would apply or authorize trade sanctions. Would it be likely to attain the unanimous consent of WTO and ILO members who would always be suspicious that the social clause cannot be repeated from its protectionist roots and impulses?

This is an old issue – the framers of our ILO Constitution eschewed compulsion or coercion through the trading system as some advocated at the time and adopted a voluntary approach, which informs the procedures and all the activities of this House.

Employers – the IOE as their organized representative – do still believe and support the principles, which are our foundation. They recognize that much remains to be done in the area of workers’ rights. This is why we actively supported the conclusions of the High-level meeting of 1987, which dealt with the problem of adjustment to exigencies of globalization and which spelled out nine tasks the ILO should undertake to facilitate adjustment. This is why we sponsored and supported what became the Convention on the worst forms of child labor. This is why we initiated and actively promoted the Declaration of Principles and Rights at Work.

Employers recognize that much remains to be done to assure the effectiveness of the Declaration. We have indications that our worker colleagues share this view and we stand ready with our tripartite partners to work on new ideas to accomplish this. In testifying before the Senate on the same issues after the Uruguayan Round, my colleague from the AFL/CIO complained that the ILO lacked teeth. Making the Declaration follow-up more effective is the way to go and not the surgical implantation of teeth – through the trade mechanism, which can lead to disastrous results for the world economy and especially for the workers themselves.

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OECD Secretary General Welcomed in New York and Washington

USCIB President Peter M. Robinson welcomed Mr. Gurría (center) and unveiled a new brochure on the OECD and business.  Also pictured (L-R): BIAC Secretary General Tadahiro Asami, Amb. Connie Morella and BIAC Chairman Charles Heeter (Deloitte).
USCIB President Peter M. Robinson welcomed Mr. Gurría (center) and unveiled a new brochure on the OECD and business. Also pictured (L-R): BIAC Secretary General Tadahiro Asami, Amb. Connie Morella and BIAC Chairman Charles Heeter (Deloitte).

Angel Gurría, the former senior Mexican government official who took over as secretary general of the Organization for Economic Cooperation and Development last year, was warmly welcomed by USCIB members and friends at receptions in Washington, D.C. and New York on February 14 and 15.

The Paris-based OECD is the main intergovernmental forum for consultation and cooperation on economic and social policy among the United States, Europe, Japan and other advanced industrial economies, and it provides policy guidance to non-member economies such as China, Russia and India.

The Washington reception took place at the offices of Alston & Bird LLP following a meeting of USCIB’s Taxation Committee.  Mr. Gurría, joined by Ambassador Connie Morella, the U.S. representative to the OECD, provided an advance look at USCIB’s upcoming OECD tax conference slated for this June, the third in a highly successful series of annual events focusing on the OECD’s influential work in areas like transfer pricing and reducing double taxation.

Ambassador Morella was also on hand at the Century Association in New York, where she was joined in welcoming Mr. Gurría by Tadahiro Asami of Japan, the new secretary general of the Business and Industry Advisory Committee (BIAC) to the OECD, BIAC Chairman Charles Heeter
(Deloitte), former USCIB President Abraham Katz, now president of the International Organization of Employers (IOE), and USCIB President Peter M. Robinson.  Both BIAC and IOE form essential parts of USCIB’s global network.

In his remarks, Mr. Gurría reminded guests that the OECD’s founding charter mandated consultation with the business community, represented by BIAC, as an essential part of the organization’s structure.  He praised the depth of BIAC’s work and American representation within BIAC, and he singled out USCIB members for their staunch support of the OECD’s funding in the most recent U.S. budgetary cycle.

Mapping out the OECD’s agenda for the coming months and years, Mr. Gurría said that he hoped the organization would continue to play its central role of championing open markets while helping member countries address the challenges of global integration.  He warned that open trade and investment policies are under threat in a number of countries, both within the OECD and outside it.  Mr. Gurría also looked ahead to increased OECD policy guidance to non-member economies such as China and India, and he laid out plans for new work in promoting innovation, including an upcoming OECD ministerial on innovation and growth this May and a ministerial on the Internet in mid-2008.

Mr. Gurría, who served in the 1990s as Mexico’s foreign minister and later finance minister under President Ernesto Zedillo, became head of the OECD in June 2006, the first representative of a developing country to lead the 30-nation group.  He has made a top priority of broadening awareness of the OECD in the United States, especially in the business community and on Capitol Hill.

BIAC’s Mr. Asami, a former banker who became head of the OECD business group in January, also took advantage of the visit to meet with USCIB staff to discuss the range of American business engagement in BIAC and the OECD.  He said that while he was new to BIAC, he was very familiar with the work of the OECD from his work with the Bank of Tokyo and later with Japan’s Institute for International Monetary Affairs.

Mr. Asami noted that BIAC might wish to make a priority of expanding and intensifying the OECD’s engagement with potential members such as Russia, which is actively seeking OECD membership, and eventually China.  He said such a move could help both solidify the reform process and prevent backsliding in key emerging markets.  BIAC is actively working to engage business from non-OECD countries in Latin America and China, to complement current BIAC observer members from Russia, Latvia, Israel and India.

Staff contact: Ronnie Goldberg

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New brochure: “The OECD Means Business” (PDF file)

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OECD website

World Employers Applaud Nobel Peace Prize Selection

Muhammad Yunus
Muhammad Yunus

The International Organization of Employers has welcomed the recognition given to Muhammad Yunus, the Bangladesh economist and founder of Grameen Bank who pioneered micro-lending, by the Nobel Prize Committee.

Speaking from Geneva, IOE President Abraham Katz praised the work of the Grameen Bank in enabling innovators and entrepreneurs to have access to finance so as to turn business ideas into reality.

“It is this type of innovation and thinking that is needed, particularly in the developing world, to fill the gaps of commercial lending and thereby allow local people to develop their own means to work out of poverty, or to provide employment opportunities to others,” said Mr. Katz, a retired U.S. diplomat who served as USCIB’s president from 1984 to 1999.

IOE, part of USCIB’s global network, serves as the voice of employers worldwide, in particular at the International Labor Organization, promoting policies that support growth, employment and entrepreneurship.

Mr. Katz also congratulated the Nobel Prize Committee for recognizing the work that Mr. Yunus and the Grameen Bank have done, which he said would encourage others to explore micro-finance solutions both in South Asia and elsewhere.

“The IOE supports efforts by the International Labor Organization and lending institutions to build on this innovation, and through micro-finance encourage local actors to establish and expand business as a core means of working out of poverty” he said.

“The awarding of the prize to the business sector shows a healthy recognition of the contribution of business as a means to drive economic and social development.”

Staff contact: Ariel Meyerstein

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