Growth, Jobs and Open Markets Archives

Hampl Emphasizes Importance of Foreign Investment at OECD

Published on October 29, 2018

 

USCIB Senior Director for Investment, Trade and Financial Services Eva Hampl was in Paris last week participating in investment and trade related meetings at the OECD October 23-24. Hampl had a speaking role in every meeting, sharing business views, opportunities and concerns. Hampl’s speaking engagements kicked off with the Business at OECD consultation with the OECD Investment Committee. Business at OECD had submitted three short papers on issues of important to business in investment, covering issues such as investment policies related to national security, the importance of a well-designed investment protection mechanism and foreign direct investment qualities.

“We underlined the issue of global value chains and the rules-based trading system, specifically on the importance of strong investment protection mechanisms (ISDS), particularly in light of recent developments to erode those protection for many industries,” said Hampl. “The evening prior, we had an open and frank discussion with the Head of Investment in the OECD Secretariat, as well as the Chair of the OECD Investment Committee, which provided another opportunity to raise our various issues of concern in a more informal setting.”

Hampl also attended a joint meeting of the OECD Trade and Investment Committees, which included a presentation on the OECD Digital Services Trade Restrictiveness Index (STRI) by the OECD. At the consultation, Hampl made an official intervention on behalf of Business at OECD, expressing USCIB’s support of the joint meeting, and raising some of USCIB’s priority issues, including the multilateral trading system (WTO reform), state-owned enterprises, and digital trade.

Additionally Hampl served as a discussant on behalf of Business at OECD at a Policy Network Meeting on the Foreign Direct Investment (FDI) Qualities, during which she expressed general support for the project and underlined the importance of investment. According to Hampl, the draft paper is quite good already, specifically stating that it is not attempting to categorize between good and bad investment, and is focused on measurable outcomes. Hampl also had the opportunity to underline the importance of an open investment environment and concern that recent trends of protectionist policies are harmful to business during her role as discussant in the First Roundtable on Investment and Sustainable Development.

 

USCIB Notes Importance of Free Data Flows for Economic Growth

Published on October 29, 2018
Eva Hampl (USCIB)

The OECD hosted its annual Global Forum on Trade on October 22 in Paris, which focused on Trade in the Digital Era. The agenda included sessions on digital transformation and what it means for trade, measuring digital trade, digital trade and market openness, data flows, and discussing priorities for trade policy makers.

USCIB Senior Director for Trade, Investment and Financial Services Eva Hampl participated in the event as a panelist in the session on data flows. Her fellow panelists included Deputy Assistant USTR for Telecommunications Policy Jonathan McHale, Head of Unit, Services, DG Trade Christophe Kiener, and Senior Policy Advisor, European Digital Rights Maryant Fernandez Perez. The session was moderated by OECD’s Julia Nielson, head of the emerging policy issues division. After a brief introduction from Nielson, OECD Trade Policy Analyst Javier Lopez Gonzalez set the scene by providing the audience with a short factual presentation on some of the key issues on data flows from a trade point of view.

“Free flow of data and information is critical for economic development and growth, and that data should be allowed to flow across borders in a secure manner,” said Hampl. “The free flow of data is now a central part of global value chains and a major requirement for a wide range of manufacturing and services industries. Consultation with business in the regulatory process is key in avoiding detrimental and counterproductive effects of problematic localization measures.”

“Looking forward, useful work in international forums includes continuing to address these issues in the G20, progressing the WTO E-Commerce initiative, and the OECD playing an important role not only in defining and quantifying these important issues, but also educating particularly non-OECD countries about the value of free data flows,” she added. Most of the panelists agreed that a fragmented approach is not sustainable.

The day-long event that focused on digital trade included engaged discussion in virtually every session, showing just how important this issue is to many countries. The OECD recognizes this issue as a key priority, and has several active work streams in this space.

USCIB Outlines AI Policy Priorities

Published on October 23, 2018
Digital technologies and the online environment enabled by them present unprecedented opportunity to raise productivity and generate economic growth.
Close cooperation with business can ensure that regulatory approaches create a holistic framework that enables business investment.

In response to a Federal Register request for information concerning the National Artificial Intelligence (AI) Research and Development Strategic Plan, USCIB submitted comments outlining AI policy priorities.

“USCIB members believe that digital technologies and the online environment enabled by them present unprecedented opportunity to raise productivity, foster creativity and innovation, generate economic growth, build trust, and enhance social prosperity,” said USCIB Vice President for ICT Policy Barbara Wanner. “Key to realizing these social and economic benefits, however, are policies that ensure an open, safe, secure, stable, interoperable, seamless, and sustainable Internet.”

The comments submitted by USCIB emphasized that serving as essential complements are policies that encourage both private investment and public-private partnerships in the R&D needed to drive innovation and realize the potential of AI and other emerging technologies. Such policies are most effectively developed when informed by stakeholder engagement.

“Government policymakers can benefit from close cooperation with business, academia and other stakeholders to ensure that the legal, policy, and regulatory approaches implemented create a holistic framework that enables sustainable business investment in infrastructure and product innovation, includes technically feasible solutions, and offers appropriate privacy and human rights protections,” added Wanner. “The participation of a full complement of stakeholders best ensures that decisions concerning R&D and related policies avoid unintended consequences or outcomes that fall short of expectations. Importantly, a multistakeholder approach will help to build trust and dispel fears that could undermine realization of AI’s economic and societal benefits.”

Robinson Contributes Letter to FT on Making Internet Affordable to All

Published on October 23, 2018

FT featured a letter by USCIB CEO and President Peter Robinson in response to an editorial “The web should be open to all the world’s citizens” on October 11.

In the letter, Robinson emphasizes the important role of public-private partnerships as crucial to broadening access to the internet, noting that companies such as Google, Ericsson, Facebook, Intel and Microsoft are already moving ahead in this regard.

“Focused on driving prices down to meet the UN Broadband Commission target of entry-level broadband services priced at less than 5 percent of monthly income, they are working with governments and other stakeholders in countries as diverse as Nigeria, the Dominican Republic and Myanmar to make the internet more affordable and accessible,” writes Robinson.

The full letter can be found here, subscription to FT required.

Trump Nominates US Ambassador to UN in Geneva

Published on October 22, 2018
Trump nominated Andrew Bremberg to be the next Representative of the U.S. to the UN in Geneva with the rank of Ambassador.
Bremberg currently serves at the White House as special assistant to the President and director of the Domestic Policy Council.
Bremberg served as aide to Senate Majority Leader Mitch McConnell and Wisconsin Governor Scott Walker.

In late September, President Trump nominated Andrew Bremberg to be the next representative of the U.S. to the United Nations and other international organizations in Geneva with the rank of Ambassador.  Bremberg currently serves at the White House as a special assistant to the President and director of the Domestic Policy Council.

Bremberg earlier served as an aide to Senate Majority Leader Mitch McConnell and the Wisconsin Governor Scott Walker.  Like all Ambassadorial nominees, Bremberg must be confirmed by the U.S. Senate before taking up his assignment in Geneva.  He will replace Ambassador Pamela Hamamoto, who departed the post in January 2017.  Since that time, the Deputy U.S. Representative, originally Ted Allegra, was recently replaced by Marc Cassayre as charge d’affaires.

USCIB has long worked very closely with the U.S. Mission in Geneva, including with the Ambassador, on a range of important issues in organizations such as the International Labor Organization (ILO), the World Health Organization (WHO), the World Intellectual Property Organization (WIPO), the International Telecommunications Union (ITU) and the UN Human Rights Commission. As the sole U.S. business organization with official status in these and other international organizations, USCIB is an important partner for the U.S. Government on a broad range of important and challenging issues for American business.

“Getting a new U.S. Ambassador nominated, confirmed and on the job in Geneva will be an important development, said USCIB CEO & President Peter Robinson.  It’s now been nearly two years since there has been an Ambassador in that post. “The U.S. Mission has been very active and effective in the interim and has been a great partner for USCIB and for American business.  But it’s always great to have a new Ambassador there to lead the effort. The fact the President tapped one of his own senior White House Assistants for this job is encouraging as a demonstration of the importance the Administration assigns to this particular post in Geneva. I look forward to getting to know Andrew Bremberg and to doing anything we at USCIB can do to help him and his team succeed in their important efforts.”

Climate Workshop Emphasizes Business Engagement

Published on October 16, 2018
The workshop presented a draft USCIB report on Business Engagement in Implementation of National Pledges under the Paris Agreement.
Participants discussed what will be necessary to mobilize business action, investment and innovation to advance national and global actions toward the Paris Agreement.

The Major Economies Business Forum (BizMEF), of which USCIB is a leading member, joined forces with the Business and Industry Advisory Committee to the OECD (Business at OECD) to convene a day long workshop at the OECD Conference Center on October 10 in Paris. The objective of the meeting was to present a draft USCIB report on Business Engagement in Implementation of National Pledges under the Paris Agreement, and to discuss what will be necessary to mobilize business action, investment and innovation to advance national and global actions toward the UN Framework Convention on Climate Change (UNFCCC) and its Paris Agreement.

This event was organized on the margins of the OECD Climate Change Experts Group meetings on October 8-9 and included key players from the OECD and the UN Climate Change Negotiations:

  • Director of the OECD Environment Directorate Rodolfo Lacy
  • OECD Climate Change Experts Group Chair Helen Plume (New Zealand)
  • Fiji Ambassador Deo Saran
  • Chair of the UNFCCC Subsidiary Body on Science and Technology Advice, Paul Watkinson (France)

Opening the meeting, Secretary General of Business at OECD Russel Mills stated that as key implementation details of the Paris Agreement are completed, business is looking for “smart rules that would animate business expertise and enthusiasm.”  Business representatives from Japan, Morocco, the Netherlands, France, the UK, Sweden, and others provided examples of public-private partnerships to advance, assess and improve national pledges under the Paris Agreement.

Professor Henry D. Jacoby, of the MIT Joint Program on the Science and Policy of Global Change, Sloan School of Management, reflected on the unique ability of business to connect near-term pragmatic action to long term objectives and planning inherent in the multi-decadal efforts needed to address climate change.  “Doing otherwise,” he said, “risks not only stranded assets, but stranded communities and economies.”

At the end of the session, USCIB Vice President for Strategic International Engagement, Energy and Environment Norine Kennedy presented a BizMEF proposal for an inclusive and recognized platform for business to be introduced in the UN climate change agreement.  This platform could be similar to the Global Business Platform in the Convention on Biological Diversity, organized on national and regional focal points to involve companies of all sectors, sizes and nationalities, with the mandate to respond to government requests for information or input, and to offer both implementation and policy advice to the UNFCCC process.

“We need an all hands on deck approach to climate policy design, innovation deployment, infrastructure investment and action to deliver current national pledges,” emphasized Kennedy.  “Bringing business to the table in an ongoing and mutually beneficial working relationship, linked between national and global levels, will be indispensable to growing prosperity, energy access and security and resilient solutions to climate change.”

Over 50 participants from governments, academia, the UN and business joined the discussion, which also considered the recently announced IPCC Special Report on 1.5 Degrees C.  This landmark report found that limiting an increase in global temperatures to no more than 1.5 degrees from pre-industrial levels was possible, but would require unprecedented actions.  Parties to the UNFCCC and Paris Agreement have pledged to keep global temperature change to no more than 2 degrees C, yet there is growing political pressure in the UN climate negotiations to agree a more stringent target of 1.5 degrees.

The USCIB Report will be finalized to reflect the October 10 workshop discussions, and presented at the UN Climate Change Conference of Parties, from December 2 – 14 in Poland.

Business Unites in Opposition to Draft Human Rights Treaty Targeting Companies

Published on October 16, 2018
Gabriella Rigg Herzog (USCIB)
Proposed treaty would fundamentally shift the burden of policing and enforcing global human rights from governments onto multinational companies.
Treaty is championed by Ecuador and several other governments, alongside a number of activist groups.

 

This week in Geneva, at the fourth session of a UN working group charged with reviewing standards for companies with respect to human rights, the global business community has united in opposition to a proposed “zero draft” of a treaty on business and human rights.

The proposed treaty, championed by Ecuador and several other governments, alongside a number of activist groups, would fundamentally shift the burden of policing and enforcing global human rights from governments onto multinational companies, according to Gabriella Rigg Herzog, USCIB’s vice president for corporate responsibility and labor affairs, who is attending the Geneva meeting.

“Some in the room have referred to the zero draft as a ‘last line of defense’ approach,” Herzog told delegates in a statement on behalf of USCIB and the International Organization of Employers (IOE). “But we believe the true first line of defense is strong domestic rule of law, good governance, and the state duty to protect human rights. This is where our collective efforts should focus and is the global approach we all are working to achieve under the UN Sustainable Development Goals.”

A joint statement by the IOE, the International Chamber of Commerce (ICC), Business at OECD and Business Europe conveys the groups’ strong concerns on the proposed treaty. These include:

  • The zero draft includes requirements that are unclear and not aligned with recognized “soft-law” instruments such as the UN Guiding Principles on Business and Human Rights.
  • It establishes a different set of requirements for transnational business activities versus other enterprises and organizations.
  • And the draft would open the door to civil and criminal suits in a wide range of jurisdictions, which could lead to “forum shopping.”

“We do not believe that these texts make a helpful contribution to the field of business and human rights and we believe that they risk undermining important progress made in this sphere under the UN Guiding Principles,” stated Viviane Schiave, senior policy executive with ICC. “Furthermore, the process followed by the [UN working group] to date does not give business confidence that this initiative will provide credible and workable solution to such complex human rights issues.”

USCIB Hosts U.S. Chargé to OECD Andrew Havilland

Published on October 16, 2018
Acting Head (“Chargé d’Affaires”) of the U.S. Mission to the OECD Andrew Havilland speaks with USCIB members
Havilland reviewed OECD activities and upcoming challenges, cooperation of both the U.S. Mission and the sprawling OECD structures with Business at OECD and ways to strengthen those government/business links.
USCIB will be organizing a parallel session for Nan Fife and her “OECD desk” team from state to meet with member companies.

Two dozen USCIB member companies met with Andrew Havilland, acting head (“chargé d’affaires”) of the U.S. Mission to the OECD on October 11 at USCIB’s Washington office. In a wide-ranging hour-long give and take, Havilland reviewed OECD activities and upcoming challenges, cooperation of both the U.S. Mission and the sprawling OECD structures with the Business and Industry Advisory Committee to the OECD (Business at OECD) group and ways to strengthen those government/business links.

Access for Business at OECD members to some important OECD committees was highlighted as an important ongoing problem.  Digital trade, tax, health, and competition policy remain important priority areas for USCIB member companies.  OECD work on “Illicit trade” is also an area of growing interest for member companies.  And accession of new member countries to the OECD, both the process and potential individual candidate countries remain very important issues for many member companies.  Member companies were appreciative of the support they are getting from Havilland’s U.S. Mission team in Paris.

Nan Fife, the newly-arrived office director of the Economic Policy and Public Diplomacy (EPPD) Office in the State Department’s Economic and Business Bureau (EB), the “desk” coordinating U.S. Government policy toward the OECD, accompanied Havilland to the session and chimed in, encouraging USCIB and member companies with interests or concerns on OECD issues to work with her and her team as well as relevant Washington agencies.  USCIB will be organizing another parallel session for Fife and her “OECD desk” team from state to meet with member companies.

USCIB Vice President for Investment Policy and Financial Services Shaun Donnelly, who moderated the session, praised Havilland for making time to meet with business and for his “expertise, candor, and open door for business. “USCIB really appreciates Andrew Havilland and the entire team at the U.S. Mission to the OECD,” said Donnelly. “They have been great partners on a range of important issues around the OECD for USCIB and for BIAC.”        

 

Pamela Bates Nominated as US Ambassador to OECD

Published on October 16, 2018
Pamela Bates
Photo source: Securitas Global Risk Solutions

On September 24, President Donald Trump officially nominated Pamela Bates to be next U.S. Permanent Representative to the Organization for Economic Cooperation and Development (OECD) in Paris. If confirmed by the U.S. Senate, Bates would replace Ambassador Daniel Yohannes, who departed the post in January 2017.  In the interim the U.S. Mission to the OECD had been capably led, first, by Peter Haas, and currently by Andrew Havilland as Chargé d’Affaires.

Bates is awaiting a confirmation hearing in front of the Senate Foreign Relations Committee.

Bates has considerable experience as a State Department Foreign Service Officer (FSO) specializing in economic policy work and including a tour of duty on the staff of the U.S. Mission to the OECD which she is now being nominated to head.  USCIB CEO and President Peter Robinson welcomed her nomination.  “We at USCIB are delighted to see the nomination of an experienced economic policy maker to be the next U.S. Ambassador at the OECD,” said Robinson. “USCIB works closely with the OECD as the sole U.S. business affiliate of the OECD’s Business and Industry Advisory Committee (Business at OECD).  We and our member companies have worked closely with previous U.S. ambassadors and their staffs and look forward to continuing that close cooperation with Pamela Bates once she is confirmed and on the job in Paris.”

USCIB Vice President for Investment Policy and Financial Services Shaun Donnelly, himself a retired State Department economic officer and former Ambassador, added, “I’ve known Pam Bates from our time together at the State Department and am confident she’ll do an excellent job representing our Government at the OECD and leading the U.S. Mission.  She comes to this important post well prepared.”

Bates served for 24 years as a career member of the United States Foreign Service before assuming her current role as a partner at Securitas Global Risk Solutions in Wayne, Pennsylvania, in 2017.  While with the State Department, Bates’ assignments included service as deputy director of the Economic and Commercial Studies Division for the National Foreign Affairs Training Institute in Arlington, Virginia, and as the senior energy advisor at the United States Mission to the Organization for Economic Cooperation and Development in Paris, France.  She also served in the State Department’s Bureau of Economic and Business Affairs.  Ms. Bates earned her AB degree from Bowdoin College, her MA from John Hopkins University School of Advanced International Studies, and her MBA from the Wharton School of the University of Pennsylvania.  She speaks French, Spanish, Portuguese, and German.

USCIB Raises Awareness for SDG Platform at Global Business Forum

Published on October 9, 2018
Business representatives from numerous countries were on hand to prepare views and share good practices relating to employers and job creation in connection with the SDGs.
“Businessfor2030 is really the perfect way to showcase what the business community is doing for the SDGs,” said Matthias Thorns of IOE.

 

The Global Business Forum on the Sustainable Development Goals (SDGs) met in Madrid, Spain from October 1-2.  Business representatives from numerous countries were on hand to prepare views and share good practices relating to employers and job creation in connection with the SDGs. USCIB Policy and Program Assistant Mia Lauter represented U.S. employers and USCIB at the session.

The Forum, organized by the International Organisation of Employers (IOE) and hosted by Confederación Española de Organizaciones Empresariales (CEOE) with the support of the European Union, aimed to raise awareness of the SDGs and the contributions that businesses can make to their achievement and exchange experiences about the involvement of Employers’ Organizations (EOs) and discuss the role they can play. The Forum also sought to better understand the needs and expectations of companies – MNEs and SMEs alike – with regard to support from EOs, as well as learn about the challenges and opportunities arising from SDG reporting, see the SDGs in the larger context of UN reform. Finally the Forum aimed to define the key messages of business for the high-level review of SDG 8 in 2019; and identify key follow-up actions for the IOE and invited delegates.

Lauter discussed the role of employers’ organizations in achieving the SDGs with particular focus on USCIB’s web platform Businessfor2030.org, outlining three main purposes of the site:

  1. Understand: Businessfor2030 cuts through the UN complexities and jargon, and helps companies understand the expectations and opportunities for the private sector, connecting the SDGs to business value propositions
  2. Be Inspired: Businessfor2030 aggregates companies’ sustainability initiatives and re-broadcasts them in alignment with the SDGs, then directly targets them at the audience that cares – the UN. Explore case studies of private sector contributions to sustainable development and the SDGs.
  3. Get Involved: Businessfor2030 provides resources to connect companies, UN agencies and governments for public-private partnerships for the SDGs. It also offers opportunities for companies to add their own examples of case studies or contribute stories and policy views through the Bizfor2030 blog.

Lauter emphasized that achieving the SDGs calls for an all-of-society approach, and that Employers’ Organizations have the unique ability to connect the many stakeholders involved in social and economic aspects of sustainability.

Director of Stakeholder Engagement at IOE Matthias Thorns agreed. “Businessfor2030 is really the perfect way to showcase what the business community is doing for the SDGs,” said Thorns.

The Forum, which offered a global exchange among employers’ organizations on sustainable development, helped participants foster a better common understanding; learn from national experiences; identify areas of common concern; and agree on follow-up action, as well as facilitate public-private dialogue on the issue of business engagement on the SDGs.