USCIB Supports an EU-U.S. Privacy Shield Framework

On the occasion of the first joint review of the EU-U.S. Privacy Shield Framework, USCIB reaffirmed support for the Framework and issued a statement underscoring its importance in ensuring continued robust and reliable transatlantic data flows, which have proved vital for healthy U.S.-EU commercial relations.

In just one year, nearly 2,500 U.S. business entities have self-certified with the Department of Commerce and publicly committed to comply with the Framework requirements – with many of them already in the process of re-certifying.

“This impressive ‘track record’ substantiates our view that many U.S. companies see the potential of the Framework to provide greater legal certainty and consumer confidence in data transfers,” said Barbara Wanner, USCIB’s vice president for ICT policy. “In the longer term, this will promote commercial activities and investments yielding increased economic and societal benefits on both sides of the Atlantic,” she added.

USCIB highlighted three important points for consideration in the Annual Review: (1) the Framework is realizing stronger personal data protections; (2) the Framework is serving as an effective mechanism for certification by Small and Medium Enterprises (SMEs); and (3) the longevity of the Framework remains important.

Business Makes It Happen: UNGA Week Events Spotlight the Private Sector’s Role in Sustainable Development

New York, N.Y., September 13, 2017 – As United Nations members gather in New York to review progress on the UN’s ambitious 2030 Development Agenda, American business is underscoring how much it is doing – and could be doing, provided the proper incentives – in support of the Sustainable Development Goals (SDGs). The United States Council for International Business (USCIB), which represents America’s most innovative and successful global companies, plans a series of events in New York throughout the week of September 18, centered on the theme: “Business makes it happen.”

“This is an important moment for the SDGs and for the UN family,” said USCIB President and CEO Peter M. Robinson. “Throughout the negotiations leading to the SDGs, and now in the period of their execution, we have underscored the need for business to be embedded in the process. This is necessary to leverage all the resources that the private sector can provide through investment, innovation and know-how. With dialogue and the right mix of incentives, business really can make it happen.”

Events the week of September 18 include:

  • Rethinking Collaboration for the SDGs, September 18 at Barclays, 745 Seventh Avenue. USCIB will join forces with Business Fights Poverty to co-host this action-focused half-day event on how business, government and civil society are collaborating to deliver the Sustainable Development Goals. USCIB’s Robinson and several USCIB members are among the speakers.
  • Data Analytics for SDGs and National Reports, September 19 at KPMG, 345 Park Avenue. Experts from USCIB member companies will present and discuss private sector frameworks for data analytics on SDG implementation, and consider opportunities for synergy with national reports for more targeted and comprehensive UN discussion and action.
  • Going Further Together for Shared Impact: U.S. Public-Private Partnerships for Sustainable Development, September 21 at Deloitte, 30 Rockefeller Plaza. USCIB member companies and government partners will present and discuss examples of public-private sector partnership to advance the SDGs, with a view to expanding those working relationships and improving and scaling up efforts for shared impact and benefit.
  • USCIB Side Event, Business Makes It Happen, September 22 at Pfizer, 235 East 42nd Street. This wrap-up event will present the main recommendations and initiatives identified during UNGA week, and discuss next steps on the intersection of UN reform and the SDGs, scaling up investment in infrastructure, public-private partnerships and institutional evolution needed to catalyze business involvement to advance SDGs.

In 2015, USCIB launched Business for 2030, an ambitious effort to catalogue and catalyze company efforts to support the SDGs. The site has quickly become a go-to resource for all stakeholders interested in the SDGs to learn about what the global business community is doing to help achieve them. Business for 2030 now showcases 187 initiatives from 49 companies, in over 150 countries, covering 83 of the 169 SDG targets. These encompass both philanthropic corporate responsibility initiatives as well as core business operations that all contribute to achieving one or more of the 17 SDG targets.

“Innovation, infrastructure, economic growth and empowerment and good governance are the four inter-linked cornerstones for all 17 SDGs for business,” stated Norine Kennedy, USCIB’s vice president for strategic international engagement, energy and environment. “Therefore, it is crucial to consult with private-sector groups at the national and regional level to develop enabling frameworks for business actions to advance the SDGs.”

The latest list of UNGA week events organized by USCIB is available here.

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. As the U.S. affiliate of the International Chamber of Commerce, the International Organization of Employers and Business at OECD, 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, USCIB
Tel: +1 917 420 0039
jhuneke@uscib.org

Business and Climate Summit Highlights Business Leadership

The third annual Business and Climate Summit—the leading forum for business leaders, investors and policymakers on climate action—took place from August 31 to September 1 this year in New Delhi, India. The Summit showcased business leadership in addressing climate change and highlighted how business can help governments achieve climate objectives.

This year’s Business and Climate Summit in New Delhi delivered a powerful statement as private sector representatives from around the world gathered for the first time in an emerging country to showcase their commitment to tackling climate change. While the Paris Agreement aims to hold the increase in global average temperature to well below 2°C, current government pledges will only contain the increase in global warming to approximately 3°C. Business has already stepped up to bridge the gap, and the Summit aimed to highlight how.

Hosted by the Federation of Indian Chambers of Commerce and Industry (FICCI) in collaboration with the International Chamber of Commerce and other partners, the Summit consisted of two days of high-level discussions across six plenary sessions and nine ‘focus sessions’, covering topics from urban mobility to energy security. The Summit hosted high-level deliberations to voice messages from businesses on private sector actions around climate change and future visions for a low-carbon trajectory.

“Business has a vital and constructive role to play in informing climate policy,” ICC Secretary-General John Danilovich said. “This year’s Business and Climate Summit comes at a crucial time and offers business the opportunity to show the positive steps we are taking towards a more sustainable economic future.”

Bharat Salhotra, managing director of Alstom India and South Asia, said, “The transport sector has a key role towards delivering the mitigation and adaptation objectives of the Paris Agreement. Getting city-dwellers out of their private fossil-fueled vehicles and into sustainable mass transport must be an objective of city authorities.”

The Business and Climate Summit brought together more than 70 high-profile speakers from around the world—comprising CEOs of top companies, ministers and high-level representatives of governments, international agencies and global climate-related organizations—with participation from more than 15 countries representing over 30 sectors of the economy. Participants aim to amplify key policy messages ahead of the UNFCCC’s COP23 meetings.

The New Delhi Summit is being shown a high level of support from the Indian Government, with key ministries such as the Ministry of Environment, Forest and Climate Change, Ministry of New and Renewable Energy, Ministry of Finance, Ministry of Petroleum and Natural Gas and Ministry of Railways represented by speakers at the event.

USCIB Spotlights Business Engagement During UNGA Week

From September 18 to 22, 193 countries will gather in New York for the opening of the 72nd UN General Assembly (GA). The GA is the UN’s governing body, and its sessions deliberate and decide global approaches on a wide range of issues and programs impacting and offering opportunities for U.S. business. Under the leadership of new Secretary General Antonio Guterres, the UN reform process underway this year holds out the promise of more inclusive and substantive public-private sector dialogue and cooperation in the UN system to advance economic growth and sustainable development.

 

USCIB at UN General Assembly Week, September 18-22 in New York

We are pleased to share an updated list of USCIB events during UNGA week. In particular, we’d like to invite you to register for a new USCIB UNGA week event on Friday, September 22nd from 3 – 5 pm: Business Makes it Happen. We also flag important events by the International Chamber of Commerce, IPIECA, and other business organizations for your awareness.

USCIB-Organized Events:

Monday, September 18: Business Fights Poverty Conference, “Rethinking Collaboration for the SDGs,”
8:30AM-2:30PM, hosted by Barclays offices at 745 7th Avenue, New York, NY 10019

USCIB will join forces with Business Fights Poverty to co-host this action-focused half-day event on how business, government and civil society are collaborating to deliver the Sustainable Development Goals. USCIB’s President and CEO, Peter Robinson, and USCIB members will be on hand as panelists.

USCIB members are encouraged to RSVP directly here.

Tuesday, September 19: “Data Analytics for SDGs and National Reports,” a USCIB UNGA72 Breakfast Roundtable
8:00AM-10:00AM, hosted by KPMG at 345 Park Avenue (51st between Park and Lex), New York, NY 10154, 37th Floor

Measuring progress and tracking private sector development impact is crucial to prioritize deployment of investment and other business resources, and to inform SDG relevant policy and implementation. Big data is not enough by itself and governments and business alike are facing the challenge of “too much information.” A framework for understanding and prioritizing sustainability actions depends on the right analysis of that information.

Experts from USCIB member companies will present and discuss private sector frameworks for data analytics on SDG implementation, and consider opportunities for synergy with national reports for more targeted and comprehensive UN discussion and action.

As space is limited, please register here.

Thursday, September 21: “Going Further Together for Shared Impact: U.S. Public-Private Partnerships for Sustainable Development” a USCIB UNGA72 Breakfast Roundtable
8:00AM-10:00AM, hosted by Deloitte at 30 Rockefeller Plaza, New York, NY 10112

Public-private cooperation is needed to break down silos, catalyze resources and join forces to address SDG challenges. Such partnerships are also identifying new business opportunities and innovative solutions. USCIB member companies and government partners will present and discuss examples of public-private sector partnership to advance the SDGs, with a view to expanding those working relationships and improving and scaling up efforts for shared impact and benefit.

As space is limited, please register here.

Friday, September 22: USCIB Side Event, Business Makes It Happen
3:00PM-5:00 PM, hosted by Pfizer at 235 E 42nd St, New York, NY 10017

This wrap-up event will present the main recommendations and initiatives identified during USCIB UNGA week events, and discuss next steps on key questions:

  • Where does UN reform create new opportunities to mobilize business action on SDGs?
  • How can business metrics and analytics optimize and scale up investment in needed infrastructure and implementation of SDGs?
  • What are the essential ingredients for impact in public private partnerships advancing the SDGs?
  • What is the institutional evolution needed to catalyze business innovation and involvement to advance SDGs in multilateral institutions?

As space is limited, please register here.

ICC Events

Monday, September 18: UN Global Compact Private Sector Forum, co-organized with ICC
From 12:30PM at UN Headquarters

Hosted annually by the UN Secretary General, the Forum invites leading CEOs and investors, Heads of State and Government, senior UN leadership and select civil society representatives to take part in an interactive discussion and high-level networking opportunity on the SDGs. This year, with the theme of Unlocking Prosperity: Financing the 2030 Agenda, the Forum will focus on ways stakeholders can work together to catalyze responsible business growth and unlock innovative forms of financing at an unprecedented scale.

Monday, September 18: Business for the SDGs: Innovation, Technology and Connectivity for a better future for all
5:00PM – 8:00PM at ECOSOC Chamber, UN Headquarters

The International Chamber of Commerce (ICC), GSMA, UN DESA, and the Governments of Indonesia and Colombia are delighted to invite you to this high-level event.

Only two years after the adoption of the 2030 Agenda, businesses, governments and civil society are deploying technology solutions to address key areas articulated by the UN Sustainable Development Goals (SDGs). Many of these initiatives highlight how business can drive mobile technology, digital tools and connectivity to effectively support people, planet, prosperity and peace. Collaboration within and across industries, and with governments, will ensure an enabling environment for business to continue to accelerate its contribution to a better future for all.

During this invitation-only event, prominent speakers including Heads of State, UN officials and private sector leaders will share best practices on business action to advance the SDGs, the impact of industry-wide efforts, and how we can augment collaboration between governments and industries to accelerate the delivery of the SDGs.

Due to the need for security approved passes, and strict capacity limitations, please register here before Tuesday September 12. Should ICC receive your registration after this date, they will be unable to guarantee access to the venue. A confirmation email and further logistical details will follow after registration.

Other Business Events:

Monday, September 18: Equal Pay International Coalition (EPIC) launch
3:00PM-5:30PM at ECOSOC Chamber, UN Headquarters

Peter Robinson, USCIB President and CEO is slated to speak. Event is open to the public.

Monday, September 18 & Tuesday, September 19: Concordia Annual Summit
Monday: 8:00AM-6:00PM, Tuesday: 7:30AM-6:00PM at Grand Hyatt New York – 109 East 42 Street, New York

Monday, September 18 & Tuesday, September 19: World Economic Forum Sustainable Development Impact Summit
At Convene Conference Centre, 730 Third Avenue, New York

Wednesday, September 20: The oil, gas and mining industries and the 2030 Agenda: partnerships and participation to accelerate progress
12:30PM-3:00PM at The Harvard Club, 35 W. 44th Street, New York

Wednesday, September 20: Bloomberg Global Business Forum
7:30AM-3:00PM at The Plaza Hotel, New York

Thursday, September 21: UN Global Compact Leaders Summit 2017
At the New York Hilton Midtown, 1335 6th Ave, New York

NAFTA Briefing Focuses on Importance of Keeping Investor Protections

On August 29, USCIB and the National Association of Manufacturers (NAM) co-hosted a very useful briefing on the challenging investment chapter issues in the just-launched NAFTA updating negotiations with senior officials from the Office of the U.S. Trade Representative (USTR). The USTR lead investment negotiators were joined by other senior USTR officials and a business side of two dozen company and trade association representatives with major concerns about the NAFTA investment chapter, especially the important issue of “Investor-State Dispute Settlement” (ISDS). The business turnout at a short notice meeting in late August is a clear demonstration of the importance that USCIB members and the broader community ascribe to these investment issues. The US negotiating team was heading to Mexico City for the second round in the NAFTA updating negotiations September 1-5.

Most of the meeting consisted of business reps around the table offering their comments, concerns, questions and recommendations regarding USTR’s approach to these investment negotiations. By design, the USTR team did more listening than talking. USCIB and NAM staff led the business comments and were very clear and direct with our concerns and recommendations. We also had broad and strong participation around the table from companies and associations from a wide range of sectors. The key points made by a number of business representatives included:

  • The NAFTA investment chapter has generally worked quite well for U,.S business. We are open to well-crafted proposal to improve the chapter but, as in many other important chapters in NAFTA, our basic watchword will be “first, do no harm.”
  • Business needs a strong investment chapter in NAFTA and in other U.S. Free Trade Agreements (FTAs) and Bilateral Investment Treaties (BITs), including high standard core substantive investment protections, broad coverage and definitions to include new forms of foreign direct investment , and, critically, strong ISDS provisions to ensure enforcement.
  • We are quite concerned by recent press report that the Administration might be considering a proposal to make the ISDS enforcement provisions “optional”, whereby each of the three NAFTA government could “opt in” or “opt out” of NAFTA’s ISDS dispute settlement provisions. If a government of governments were to opt out, the only way an aggrieved foreign investor could seek redress would be in the local court system of the host government. USCIB and company and associations reps around the table made clear that such revisions in NAFTA’s investment chapter would be unacceptable.The discussion was, we thought, very useful for all participants and will hopefully provide a model for on-going consultations with USTR on all the key investment issues throughout the negotiations. Members interested in getting more involved in USCIB’s efforts on NAFTA investment issues should contact Shaun Donnelly or Eva Hampl.

In NAFTA Modernization Talks, Business Looks to Keep What’s Working

Earlier this month in Washington, D.C., the United States, Canada and Mexico kicked off the NAFTA modernization effort with their first round of negotiations. The next round will take place September 1-5 in Mexico. As the three countries noted in their joint statement, the negotiations will continue at a rapid pace, with a third round planned for Canada in late September, and a fourth round back in the U.S. in October.

USCIB has been actively representing member interests in the NAFTA modernization effort, including submitting comments to USTR and testifying at the public hearings. Our written submission focuses on ensuring beneficial provisions stay intact and improving upon the agreement in new areas, such as e-commerce, telecommunications, digital trade, cross border data flows, and state-owned enterprises. And several USCIB-penned op-eds have sought to present the business case for keeping what works in NAFTA while bringing the agreement into the 21st century.

“In light of the ambitious negotiating schedule, we will need to focus on priority issues that require specific attention in our advocacy efforts,” notes Eva Hampl, USCIB’s director of investment, trade and financial services. “We also need to be prepared to provide more detailed input as the governments move quickly to consideration of texts.”

Working with USCIB Senior Vice President Rob Mulligan, Hampl is spearheading the development of targeted USCIB comments on potential changes to NAFTA for submission to the U.S. Trade Representative’s office. In addition, Hampl and USCIB Vice President Shaun Donnelly are working with USCIB members to demonstrate the continued importance of strong investor-state dispute resolution (ISDS) provisions in NAFTA. And Megan Giblin, USCIB’s director of customs and trade facilitation, is working closely with members to provide targeted input on NAFTA’s customs-related provisions.

USCIB members should contact Hampl at ehampl@uscib.org to discuss their priority issues in the context of these fast-moving negotiations.

ICC and WTO Launch Small Business Champions Initiative

A joint effort to facilitate participation by smaller companies in international trade has been launched by Roberto Azevedo, the director general of the World Trade Organization (WTO), and John Danilovich, secretary general of the International Chamber of Commerce.

Those businesses putting forward successful proposals will be recognized as “ICC-WTO Small Business Champions.”

Despite their economic importance in developed, developing and least-developed countries, the share of trade accounted for by micro, small and medium-sized enterprises (MSMEs) is disproportionately small, often because they are unaware of the potentially wider market and because they traditionally have not had the resources to navigate sometimes complex trading procedures. But new technologies are helping to pare back these obstacles and create a more level playing field for smaller companies in international trade. Helping more MSMEs to trade internationally is an important step in building a more inclusive trading system that benefits a wider array of citizens.

Secretary General Danilovich and Director General Azevedo are therefore calling for businesses and private sector organisations to step forward with proposals which can help MSMEs to participate in international trade. The aim is to raise awareness of the barriers that MSMEs face in doing business across borders, highlight the experiences and success stories of those MSMEs that are already trading, facilitate access to critical information, and raise skills among MSMEs to enable them to diversify export markets.

“I have heard many great ideas from the private sector over recent months about how we might be able to help MSMEs to trade,” said Azevedo. “This initiative is our response – it is about capturing some of those ideas and using the shared platform of the WTO and ICC to help make them a reality. I look forward to seeing innovative proposals aimed at raising awareness among MSMEs of the opportunities that trade can provide, and how they can seize those opportunities.

“The trading system is there for everyone, but MSMEs can often find it harder to reach overseas markets. The smaller the business, the bigger the barriers can seem. Spreading the benefits of trade further and wider means helping these companies to take part, particularly as MSMEs are such important job creators.”

Danilovich added: “Trading internationally can provide a huge boost to MSME growth. We know that small businesses which export tend to grow more quickly, pay better salaries and create more jobs. But MSMEs still face significant barriers when it comes to accessing global markets. Small business owners often tell us that they lack the time and in-house expertise to deal with trade roadblocks – while many others aren’t aware of the potential opportunities that international trade can bring for their companies.

“Policy reforms have an important role to play in driving MSME exports. But we also think its time to take a different approach to these problems by leveraging the power of the private sector. This new initiative will seek to harness the knowledge, creativity and networks of the global business community to inspire and support MSME growth. We call on businesses and private sector organisations across the world to play their part as small business champions.”

What kind of proposals are ICC and WTO looking for under this initiative?

  • Proposals could take the shape of, for example, awareness campaigns, competitions, or capacity building, training and mentoring programs.
  • The ICC and WTO will use their shared platform to support and promote successful proposals. The precise support provided by the ICC and WTO will depend on the nature of the proposals received. The ICC and the WTO could, for example, help to promote initiatives and host events, or provide expertise and institutional support. No financial contribution will be provided by the WTO or ICC to implement proposals.
  • Proposals should be designed to be delivered by the entity making the proposal. Proposals should not focus on WTO negotiations, or proposed changes to WTO rules. Such ideas can be put forward through different fora.

What is the process for submitting proposals – and how will they be selected?

  • Proposals should detail the concept, aims, timelines and other information as appropriate. Proposals should be no longer than 3 pages. Proposals are only open to the private sector and representative bodies. All proposals should be sent in Word or PDF format to MSMEsubmissions@iccwbo.org

The call for proposals is open until the end of 2017. There is no limitation as to the number of proposals that may be selected. The selection of proposals will be carried out by the WTO secretariat and ICC. The successful proposals will be announced by  ICC and WTO on a rolling basis.

Robinson: NAFTA Talks an Opportunity to Modernize Agreement

As negotiations between the United States, Canada and Mexico to update the North American Free Trade Agreement got underway last week in Washington, D.C., USCIB President and CEO Peter M. Robinson was quoted in Chief Executive magazine as saying that the talks provided a valuable opportunity to update an agreement that has been in place for more than two decades.

“Negotiators can do this especially by addressing such issues as digital trade, cross-border data flows, streamlined customs processes, treatment of state-owned enterprises and regulatory coherence,” said Robinson. “But negotiators should preserve those parts of NAFTA that have worked well for U.S. business. These include the investor protection provisions, including a strong investor-state dispute settlement framework. Access to strong ISDS arbitration procedures can be especially important for smaller companies, given their greater vulnerability to costly, protracted legal battles in foreign courts.”

In June, Robinson contributed an op-ed to The Hill outlining USCIB’s goals for NAFTA modernization.

Read the entire article on Chief Executive’s website here.

USCIB Discourages Regulatory Overreach in Comments to ITU

USCIB filed comments with the International Telecommunications Union (ITU) last week as part of the agency’s public consultation on policy considerations for “over the top” services, urging the ITU to avoid expanding its jurisdiction to include Internet-related issues. The public policy aspects of OTT services have been identified as a priority by several governments in the ITU. The U.S. government considers OTT services to offer a range of economic benefits, including increased consumer choice, increased use of underlying networks, and contributions to further innovation and investment.  However, other countries view OTT services as adjuncts to traditional telecommunications services, and should therefore be subject to regulation.

USCIB’s comments emphasized the importance of staying true to the ITU’s primarily technical mission in developing international telecommunication standards and allocating spectrum, and not expanding the ITU’s work program to include Internet-related issues that are well beyond its remit, core competencies, and budgetary resources. Such issues are most effectively addressed in multistakeholder forums, where policy is holistically and expertly informed by consultations among business, civil society, the technical community, and government, USCIB stated. USCIB  further highlighted the promise of innovative online services and applications for economic, developmental, and societal benefits, which will help to realize many of the UN Sustainable Development Goals.

“An enabling environment for continued innovation and investment in these services is crucial,” noted USCIB Vice President Barbara Wanner. “In this regard, market-driven solutions and voluntary, industry-led standards best ensure a healthy digital ecosystem,” she said.

The ITU will consider contributions from USCIB and others at a face-to-face open consultation, which will be held in Geneva on September 18, 2017.

USCIB’s “International Business” Summer 2017 Issue

USCIB’s “International Business” Summer 2017 issue is now live!

The Summer 2017 issue features USCIB President and CEO Peter M. Robinson‘s column on “Why International Organizations Matter to Your Business” as well as articles on developments in the B20, NAFTA and the UN high level political forum and the sustainable development agenda, plus news from our global network–Business at OECD, the International Organization of Employers and the International Chamber of Commerce.

“International Business,” USCIB’s quarterly journal, provides essential insight into major trade and investment topics, a high-level overview of USCIB policy advocacy and services, USCIB member news and updates from our global business network.

Subscribe to USCIB’s International Business Magazine

Subscriptions to “International Business” are available free upon request to representatives of USCIB member organizations. Contact us to subscribe.

Non-members may subscribe to “International Business” and other USCIB print publications at an annual rate of $50 (U.S.) for domestic delivery, or $75 for overseas delivery. Contact us to subscribe. USCIB’s annual report, studies from the United States Council Foundation and related publications are included with your paid subscription.

Our free electronic newsletter, “International Business Weekly,” provides regular updates on USCIB’s major activities and priorities. Click here to view a sample issue. Click here to subscribe.

We welcome outside submissions and inquiries regarding our publications – send them to news@uscib.org.

We welcome advertising in International Business magazine — special discounted rates for USCIB member organizations! Contact Kira Yevtukhova (kyevtukhova@uscib.org) for more information.